The seaweed cultivation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Seaweed Cultivation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The seaweed cultivation market size has grown rapidly in recent years. It will grow from $20.02 billion in 2023 to $22.62 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to rising demand for healthy food, nutritional value, environmental sustainability, cultural consumption.
The seaweed cultivation market size is expected to see rapid growth in the next few years. It will grow to $36.25 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to expanding applications, climate change awareness, global culinary trends, government support. Major trends in the forecast period include diversification of products, technological advancements, increased collaboration, rising popularity of seaweed farming, innovative marketing strategies.
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Scope Of Seaweed Cultivation Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The rise in seaweed farming practices is expected to propel the growth of the seaweed cultivation market going forward. Seaweed farming refers to a cost-effective method of harvesting that, when paired with ease of handling and technical developments, is encouraging individuals to think about it as a career option worldwide. Seaweed cultivation helps seaweed farming practices by raising the standard of living for coastal residents and encouraging the use of marine and coastal resources in their daily lives. For instance, in February 2022, according to a report published by the U.S. Department of Agriculture (USDA), a US-based government agency, the total fish production is projected to be approximately 2.2 million metric tons (MMT) in 2021, with aquaculture contributing 1.7 MMT to the overall production. Moreover, Egypt has set forth an ambitious strategy to elevate fish production to 3 MMT by the year 2025 with an expected surge of 650,000 metric ton in the demand for fish feed. Therefore, the rise in seaweed farming practices is driving the growth of the seaweed cultivation market.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The seaweed cultivation market covered in this report is segmented –
1) By Type: Red Seaweeds, Brown Seaweeds, Green Seaweeds
2) By Form: Seaweed Flakes, Seaweed Powder, Liquid Seaweed, Seaweed Sheets
3) By Method Of Harvesting: Aquaculture, Wild Harvesting
4) By Application: Animal Feed Industry, Agriculture, Pharmaceuticals, Other Application
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Regional Insights –
Asia-Pacific was the largest region in the seaweed cultivation market in 2023. The regions covered in the seaweed cultivation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the seaweed cultivation market report are Acadian Seaplants Limited, Cargill Incorporated, E. I. du Pont de Nemours and Company, Irish Seaweeds, Beijing Leili Marine Bioindustry Inc., Roullier Group, Seasol International Pty Ltd, CP Kelco US Inc., Gelymar SA, Qingdao Gather Great Ocean Algae Industry Group Co. Ltd., Ocean Harvest Technology Limited, Mara Seaweed, Algaia S. A., Compo Expert GmbH, Seasol International, CEAMSA, Atseanova, Ocean Rainforest, Seaweed Energy Solutions AS, Blue Ocean Mariculture, Ocean Approved LLC, Maine Fresh Sea Farms, Atlantic Sea Farms, Cascadia Seaweed, GreenWave, Oceanium, Sea6 Energy, Sea Forest, The Cornish Seaweed Company, The Scottish Seaweed Company
Table of Contents
1. Executive Summary
2. Seaweed Cultivation Market characterstics
3. Seaweed Cultivation Market Trends And Strategies
4. Seaweed Cultivation Market – Macro Economic Scenario
5. Global Seaweed Cultivation Market Size And Growth
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31. Global Seaweed Cultivation Market Competitive Benchmarking
32. Global Seaweed Cultivation Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Seaweed Cultivation Market
34. Seaweed Cultivation Market Future Outlook and Potential Analysis
35. Appendix
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