Top Companies in Commercial Seaweed Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Commercial Seaweed Market is projected to reach a value of USD 10.8 Billion by 2028 at a CAGR of 2.1% over the forecast period.
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Global Commercial Seaweed Market is valued at USD 9.6 Billion in 2021 and is projected to reach a value of USD 10.8 Billion by 2028 at a CAGR of 2.1% over the forecast period. Seaweed is more widely sought after by the worldwide food industry since it effectively boosts the nutritional value of food goods. In the U.S., Canada, and France, for example, macroalgae are now used as a culinary ingredient or are freshly added to cuisines due to the migration of Asians to these countries. It was once mostly consumed in Asia-Pacific nations. Certain seaweed-derived hydrocolloids are also used to increase the stability and thickness of food items.
The beneficial qualities of edible seaweed drive the commercial seaweed business. The food industry uses the majority of the seaweed that is produced commercially. Seaweeds are becoming increasingly well-liked on a global scale as staple foods, flavor enhancers, and nutrient-dense foods, as well as for their capacity to aid in weight loss. Seaweeds are utilized as ingredients or consumed as foods because of their anti-microbial properties, which help preserve food.
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The use of hydrocolloids like carrageenan, alginate, and agar has grown over the past several years in food, animal feed, pharmaceutical, and other industries. As a result, the production of algae and the demand for commercial seaweed have increased. People are also encouraged to use commercial algae in their everyday diets by the health advantages linked to the consumption of macroalgal products.
The Global Commercial Seaweed market is dominated by well-known players like Cargill Inc. (US), E.I. Du Pont de Nemo US and Company (US), Roullier Group (France), Biostadt India Limited (India), Compo GmbH & Co. KG (Germany), Acadian Seaplants Limited (Germany), Gelymar SA (Chile), BrandT Consolidated Inc. (US), Seasol International Pty. Ltd (Australia), CP Kelco (India), West Coast Marine Bio-Processing Corp (Canada), Leili Group (China), Chase Organics GB Limited (U.K.), Indigrow Ltd (Berkshire), and Travena Organic Solutions Ltd. (US) among others. New product creation, mergers and acquisitions, geographic expansions, and joint ventures are some of the strategies used by significant businesses. Moreover, companies have established distribution networks to lower operating costs and provide high-quality goods.
Let’s Take a Look at the Top Market Players that are Captivating the Commercial Seaweed Market
- Cargill Inc. (US)
Cargill Inc offers agriculture-related products. In addition to producing grains and oilseeds, the company also provides risk management strategies, farmer services, animal nutrition, biofuels, meat and poultry, cuisine, and industrial goods. Cargill serves worldwide customers.
- E.I. Du Pont de Nemo US and Company (US)
E.I. Du Pont de Nemo US and Company (US) Construction materials, adhesives, electronics, fabrics, fibers, home and garden items, medical devices, resins, printing, and consumer goods are just a few that the company produces. In addition, DuPont de Nemours provides services to the energy, automotive, building, government, military, safety, and packaging sectors globally.
- Roullier Group (France)
Daniel Roullier formed the Groupe Roullier, a French agribusiness company, in Saint-Malo, France, in 1959. The business produces nutrients and feeds for plants, animals, and people through chemical processing.
- Biostadt India Limited (India)
Agriculture-related chemical products are developed and produced by Biostadt India Limited. The company manufactures and sells insecticides, herbicides, fungicides, hybrid seeds, and aqua products. Customers worldwide are served by Biostadt India.
- Compo GmbH & Co. KG (Germany)
Compo GmbH & Company KG produces and sells chemical products. The business sells potting soil, lawn fertilizer, lawn grass seeds, plant protection products, and garden fertilizers under chemical and biological brand names. Compo provides services to both professionals and consumers who own homes with gardens.
- Acadian Seaplants Limited (Germany)
In 1981, Acadian Seaplants Limited was established. The company makes fertilizers as part of its line of business.
- BrandT Consolidated Inc. (US)
Brandt Consolidated Inc produces, sells, and distributes commercial agriculture-related chemicals. In addition, the company sells agronomy and specialty formulations, such as adjuvants, nematicides, insecticides, and crop nutrients. Brandt Consolidated serves worldwide customers.
- Seasol International Pty. Ltd. (Australia)
In 1972, Seasol International Pty Limited was established. Agriculture-related chemical manufacture and production are among the company's business activities.
- Indigrow Ltd (Berkshire)
With over 75 years of experience operating globally, Indigrow is a specialized manufacturer of fertilizers and nutrients for the sports turf, agriculture, and horticulture markets. In addition, Indigrow provides various products and suggestions available through their businesses and partners in Europe and the Middle East to accommodate all climate conditions and species.
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