Macroalgae Market to increase at a CAGR of ~8% through 2028 - PowerPoint PPT Presentation

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Title: Macroalgae Market to increase at a CAGR of ~8% through 2028

Macroalgae Market
  • March 2020

Report Id REP-GB-9276 Published On
March-2019 Category Chemicals and Materials
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Macroalgae Market Analysis
  • Macroalgae Market is Projected to Register at a
    Healthy CAGR of 8 During the Forecast Period
    2018 2028
    the findings of a new report of Future Market
    Insights (FMI), the global macroalgae market is
    expected to witness significant growth during
    2018 to 2028, with increasing demand from end
    uses, including food, animal feed, cosmetics, and
  • The global macroalgae market was valued at US
    7,882.6 Mn in the year 2017, and is projected to
    expand at a CAGR of 8 over the forecast period
    of 2018 to 2028. The increasing production of
    food, cosmetics, fertilizers, and
    pharmaceuticals, among others, has resulted in a
    drastic increase in the demand for macroalgae.
    The growing consumption of macroalgae in food
    applications is expected to boost the growth of
    the global macroalgae market in the coming years.
  • South East Asia Asia Pacific Expected to Create
    Significant Growth Opportunities for Global
    Macroalgae Market Players
  • The global macroalgae market is equally large and
    fragmented. There are a few players that have
    established themselves at international as well
    as domestic levels. These players are taking
    initiatives to grow even more by expanding into
    high-growth regions, and also by expanding their
    manufacturing capacities to cater to the
    increasing demand.

Macroalgae Market Analysis
  • East and South East Asia are expected to be
    prominent regions in the global macroalgae market
    throughout the forecast period, because of the
    increasing production and consumption in
    countries such as China, Indonesia, and Japan.
    Other coastal regions are also developing taste
    for macroalgae products, which will be a positive
    factor for the growth of the global macroalgae
  • Rising economies, industrialization, and
    increasing annual income of the population in
    these regions are some of the reasons that are
    majorly leading to the increasing demand for of
    macroalgae in South East Asia and other parts of
    Asia Pacific.
  • End Use of Macroalgae in Food Industry Projected
    to Remain Dominant Throughout the Forecast Period
  • The market has been segmented as source, type,
    end use, application, and region.
  • On a global level, food, in the global macroalgae
    market, is expected to be the top selling end
    user throughout the forecast period. The growth
    of the sales of this segment during the forecast
    period is projected to be significantly high when
    compared to other end uses such as fertilizers,
    cosmetics, and animal feed, among others.
  • Macroalgae are consumed for many end uses such as
    food, pharmaceuticals, cosmetics, fertilizers,
    animal feed, and others. The food segment is
    estimated to be of prominent end use for
    macroalgae, and is expected to consume a
    considerable volume of macroalgae throughout the
    forecast period.

Macroalgae Market Analysis
  • Besides food, the use of macroalgae in animal
    feed, fertilizers, and the personal care industry
    is also expected to create significant revenue
    for the global macroalgae market. This is driven
    by the increasing amount of cultivation and
    harvesting of seaweed across geographies, which
    has resulted with the global hike in demand for
    food, animal feed and other applications.
  • Increasing their earnings and enhancing their
    livelihood have become necessary for farmers in
    order to increase their farming yield. They have
    started cultivating seaweed, which drives the
    growth of macroalgae in the market, bolstered by
    the increasing demand projection for macroalgae
    during the forecast period.
  • Macroalgae Market Vendor Insights
  • The report highlights some of the market players
    that are prominent and have established
    themselves as leaders in the global macroalgae
    market. Some of the examples of the key players
    in this value chain of macroalgae are Dow Dupoint
    Inc., Cargill Inc., Biostadt India Limited, CP
    Kelco, Acadian Seaplants Limited, Nantong Tianfu
    Seaweeds Aquatics Co., Ltd., Qingdao Rongde
    Seaweed Co., Ltd, Haian Qingxin Food Co., Ltd.,
    Extractos Naturales Gelymar S.A., Seasol
    International Pty Ltd, Qingdao Seawin Biotech
    Group Co., Ltd., Compañía Española de Algas
    Marinas S.A., and Indigrow Ltd., among others.
  • Most of these players offer diverse portfolios of
    macroalgae for various end-use industries. Other
    key strengths that are important and common among
    these global macroalgae players are their global
    presence and active participation in research and
    development (RD), which helps them compete,
    expand their macroalgae product portfolio, and
    grow further in the macroalgae market.

Macroalgae Market Analysis
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