The latest report by IMARC Group has projected that the global seaweed market size ๐ญ๐จ ๐ซ๐๐๐๐ก ๐๐๐ ๐๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐, ๐๐ฑ๐ก๐ข๐๐ข๐ญ๐ข๐ง๐ ๐ ๐๐๐๐ ๐จ๐ ๐.๐๐% ๐๐ซ๐จ๐ฆ ๐๐๐๐-๐๐๐๐.
This has been attributed to the increasing demand for seaweed in the food and beverage industry thus propelling the growth of the global seaweed market.
As food trends are shifting towards health-conscious diets seaweed is quickly gaining a reputation for being a nutrient-dense superfood due to its bountiful vitamins, minerals, and antioxidants.
Seaweed’s unique properties allow it to alienated into several products such as snacks, soups, salads, and even meat substitutes.
Last year the global seaweed market size was valued at ๐๐๐ ๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง.
With the rise of veganism and plant-based diets, its adoption has also saw a growth due to seaweed being an excellent source of protein and essential amino acids.
Moreover, the food sector is now incorporating seaweed based gelling and stabilizing additives like agar and carrageenan into their products. As people’s perception of seaweed and its sustainability increases, so does the demand which in turn increases market growth.
๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐จ๐ s๐๐๐ฐ๐๐๐ ๐ข๐ง ๐ญ๐ก๐ p๐ก๐๐ซ๐ฆ๐๐๐๐ฎ๐ญ๐ข๐๐๐ฅ ๐๐ง๐ c๐จ๐ฌ๐ฆ๐๐ญ๐ข๐ s๐๐๐ญ๐จ๐ซ๐ฌ
Other than the food sector, the pharmaceutical and cosmetic industries are becoming increasingly influential in the global seaweed market.
Seaweed is now extensively used while formulating nutraceuticals and dietary supplements because of its rich content of bioactive compounds such as fuciodan and alginate which have anti-inflammatory, antiviral and antioxidant effects.
Owing to their moisture-retentive, anti-aging, and detoxifying properties, seaweed extracts are becoming increasingly preferred in cosmetics.
The rising shift toward ethical and sustainable beauty practices has increased its demand even further.
As new informative and cosmetic uses of seaweed continue to be discovered, it is expected to further proliferate across these industries, presenting abundant opportunities for industry players.
๐๐ข๐ฌ๐ข๐ง๐ a๐๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐จ๐ s๐๐๐ฐ๐๐๐ ๐ข๐ง a๐ ๐ซ๐ข๐๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ ๐๐ง๐ b๐ข๐จ๐๐ฎ๐๐ฅ p๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐ง
Policymakers and industry players in the agriculture and biofuel sector are adopting seaweed as an eco-friendly alternative to combat environmental issues.
In agriculture, seaweed extracted fertilizers are growing in popularity for their and soil fertility, and crop yields, all while curbing the use of chemicals.
Seaweeds are also naturally rich in plant growth promoters like cytokinins and auxins, making it an unfettered choice for farmers.
Meanwhile, the biofuel sector is assessing the feasibility of seaweed as a biomass fuel because of its abundant productivity in any water body without the need for cultivable land.
As the world intensifies the fight against climate change, the use and demand for seaweed in these industries is bound to increase making it a crucial catalyst for sustainable development.
