The Seaweed Cultivation Global Market Report 2023, provides comprehensive information on the seaweed cultivation market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Seaweed Cultivation Global Market Report 2023, the market size is expected to grow from $17.78 billion in 2022 to $20.15 billion in 2023 at a compound annual growth rate (CAGR) of 13.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The seaweed cultivation market size is expected to grow to $32.46 billion in 2027 at a CAGR of 12.7%.
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Technological advancements are a key trend gaining popularity in the seaweed cultivation market. Seaweed farming is a labor-intensive procedure that causes a company’s operating costs to increase. As a result, several companies are spending money on technologies like robot harvesters and direct seeding to enhance seaweed farming and track seaweed biomass, businesses are also moving forward with the application of cutting-edge technologies like machine learning, IoT (Internet of Things), and artificial intelligence. For instance, in July 2021, Sea6 Energy, an India-based seaweed company, constructed an automated technology called a sea combine that reduces the labor-intensiveness of seaweed production. The technique developed by Sea6 is intended to enable the expansion of seaweed farming, which is an essential step before seaweed is widely used as a biofuel.
The seaweed cultivation market 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
Asia-Pacific was the largest region in the seaweed cultivation market in 2022.
The table of contents in TBRC’s seaweed cultivation market report includes:
- Executive Summary
- Seaweed Cultivation Market Characteristics
- Seaweed Cultivation Market Trends And Strategies
- Seaweed Cultivation Market – Macro Economic Scenario
- Seaweed Cultivation Market Size And Growth
- Seaweed Cultivation Market Segmentation
- Seaweed Cultivation Market Regional And Country Analysis
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- Seaweed Cultivation Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Seaweed Cultivation Market
- Seaweed Cultivation Market Future Outlook and Potential Analysis
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