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Global Seaweed Extract Market it is Expected to Reach More than US$ xx Bn by 2027

Seaweed extracts are a collection of various mixtures that are derived from red algae, brown algae and green algae which is obtained by alkaline extraction of seaweed. Majorly it uses in fertilizers to improve the crop yield with reduced cost. It increases crop’s inbuilt strength that helps in resisting pests such as red spider mites and aphids. The increasing demand for Seaweed extracts owing to its various applications in agriculture products, organic foods, and cosmetics drives the Seaweed extracts market.

Increasing application From Several Industries is anticipated to Drive the Demand for Seaweed extracts. Seaweed extracts find its application in food & beverage, agriculture, cosmetics, and pharmaceutical industry. Seaweed is an important source of minerals that are used to reduce cholesterol, appetite, wound dressing, beneficial for heart patients and also used to produce biofuels such as bio-butanol which is an alternative fuel to diesel source. An increasing application from the agriculture industry to improve seed germination improves the effectiveness of fertilizers, rising demand in cosmetics products such as shampoo, cream, and others, surging growth of marine industry, increasing investment for the development of the advanced product are some of the factor that will enhance the growth of the seaweed extracts market during the forecast period.

Furthermore, Seaweeds find their application in fertilizers, animal feed, biofuels, and wastewater treatment, which further supplement the seaweed industry growth.

GlobalSeaweed Extract Market was Valued at US$ xx Bn in 2018 and it is Expected to Reach More than US$ xx Bn by 2027, Likely to Grow with the CAGR of 4.8% During the Forecast Period.”

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Agricultural Product Segment is Expected to Dominate the Global Seaweed Extract Market. The Agricultural product by the end-use segment constituted a major share of the market in 2018 due to its use in horticulture, pesticides, and fertilizers. seaweed extracts are largely used in agriculture and horticulture industries in the form of liquid seaweed extracts, seaweed liquid extracts help  to  increase the resistance to pests in fruits, vegetables, and flower crops these factors that have strengthened the growth of global seaweed extracts market

While Food and Beverages have significant share with its use in snacks. These are used as thickening and gelling agents in the food industry. It helps in improving digestion, weight loss and lowering cholesterol levels that make it an effective commercial dietary food.

Green seaweed is projected to be the fastest-growing segment during the forecast period. The demand for Green seaweeds is anticipated to expand at CAGR of 4.5% during the forecast period The Green seaweeds has many usages in human food as well as emerging use in other application areas such as wastewater treatment and biofuel production is expected to further drive the market in the forecast period. Green seaweeds such as enteromorpha and Ulva are used for the removal of toxins from industrial wastewater. Green seaweeds are also used as a bioremediation tool to manage the polluted environment and recover contaminated river water.

The Asia Pacific is Expected to Be the Fastest-Growing in the Global Seaweed Extracts Market During Forecast Period.The Asia Pacific has a significant share in seaweed extracts market due to its major use in agriculture and horticulture. The market is anticipated to register a CAGR of xx % over the forecast period. East Asia is dominating the region in terms of the production and consumption of seaweed followed by Europe. This is owing to the numerous applications, growing demand, and high awareness of customers about the products that are being launched in the market.

Countries such as India have an agriculture-based economy that increases the use of the product. It increases the internal resistance of plants towards pests. In addition, the major utilization of seaweed as food and food ingredients is in Asia-Pacific, particularly in China, Korea, Indonesia, Philippines, and Japan where seaweed cultivation has developed into a huge industry.

Seaweed extracts market is fragmented with the presence of many regional and global players. Some of the key players in the global seaweed extract market are DuPont de Nemours, Inc., Cargill, Incorporated, CP Kelco, Gelymar A., W Hydrocolloids, Inc., TBK Manufacturing Corporation, Suboneyo Chemicals Pharmaceuticals, Indigrow, Ocean Harvest, AJ Products, Saosis Biotech, Chase Organics, and Aveeno Active Naturals.

Impact of COVID-19 on Economy, Industry and Company 

The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.

At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.

Areas at which Bizizz Market Research would help decision makers are:

a) Insights on current demand & supply gap analysis

b) Impact on value chain and supply chain and strategies adopted to off set its impact           

c) Impact on Industry / company revenue and predictive intelligence on forecast sales

d) In-depth analysis on market segmentation – both value and volume analysis

e) Market assessment, regional and country attractiveness, competitive benchmarking                         
    and entry strategy

f) Prioritizing strategies and how it would impact company’s short to long-term business
    outlook 

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