In coastal regions, an organism resembling a plant called seaweed adheres to rock or other hard surfaces. Seaweeds are divided into three main groups based on their coloration: red, brown, and green. These large classifications are referred to by botanists as phaeophyceae, rhodophyceae, and chlorophyceae, respectively. Seaweeds are classified as macro-algae to distinguish them from micro-algae, which are minuscule and frequently have just one cell. While green seaweed grows in freshwater, red, brown, and other colored seaweeds are typically found in saltwater environments. Seaweeds are employed as a source of human food, hydrocolloids, fertilizers, animal feed additives, and other things like aquaculture, biomass for fuel, and wastewater treatment in many maritime nations throughout the world.
The global commercial seaweed market is analyzed on the basis of product, form, application, and region. By product, the market is divided into red, brown, and green. By form, the market is divided into flakes, powder, and liquid. By application, it is classified into food & beverage industry, cosmetics & personal care, agricultural fertilizers, animal feed additives, and others. Region wise, the market is analyzed across North America (the U. S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Denmark, and the rest of Europe), Asia-Pacific (China, Indonesia, Philippines, South Korea, Japan, and the rest of Asia-Pacific), and LAMEA (Saudi Arabia, United Arab Emirates, South Africa, Tanzania, and the rest of LAMEA).
The impact of the COVID-19 outbreak was negative on the growth of the global commercial seaweed market. The trade restrictions and lockdown resulted into halting of production and manufacturing units. Conversely, the recovery of the commercial seaweed market is expected in near future.
Seaweeds are employed as a source of human food, hydrocolloids, fertilizers, animal feed additives, and other things like aquaculture, biomass for fuel, and wastewater treatment in many maritime nations throughout the world. The Asia-Pacific region, specifically China, Indonesia, the Philippines, Korea, and Japan, where seaweed cultivation has grown into a huge industry, is where these seaweeds are primarily used as food and culinary components.
Due to their unique physicochemical features, hydrocolloid polysaccharides are employed in the food, pharmaceutical, medical, and biotechnological industries. This gives them substantial technological and commercial significance. During the forecast period, an increase in demand for seaweeds in the production of hydrocolloids such as agar, alginate, and carrageenan is predicted to drive seaweed adoption. They can also be used in the production of human food, hydrocolloids, fertilizers, animal feed additives, aquaculture, biofuel, and wastewater treatment, all of which raise their use. It is projected that untapped markets in North America and Europe would create new opportunities for seaweed producers, fueling market expansion. However, the market's expansion is hampered by the fluctuation in seaweed prices brought on by the unstable supply and ongoing changes in weather patterns.
The key players operating in the commercial seaweed market have adopted product launch, business expansion, and merger & acquisition as its key strategies to expand their market share, increase profitability, and remain competitive in the market. The major players operating in the global commercial seaweed market are Cargill Incorporated, CJ Cheiljedang Corporation, Corbion NV, Gimme Health Foods Inc., Irish Seaweeds, J. M. Huber Corporation, Mara Seaweed, Ocean Harvest Technology Limited, Qingdao Gather Great Ocean Algae Industry Group Co., Ltd (GGOG), Roland Foods, LLC, SeaSnax, Seasol, Seaweed & Co., Singha Corporation Co. Ltd., and Taokaenoi Food & Marketing PCL.
The global commercial seaweed market is analyzed on the basis of product, form, application, and region. By product, the market is divided into red, brown, and green. By form, the market is divided into flakes, powder, and liquid. By application, it is classified into food & beverage industry, cosmetics & personal care, agricultural fertilizers, animal feed additives, and others. Region wise, the market is analyzed across North America (the U. S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Denmark, and the rest of Europe), Asia-Pacific (China, Indonesia, Philippines, South Korea, Japan, and the rest of Asia-Pacific), and LAMEA (Saudi Arabia, United Arab Emirates, South Africa, Tanzania, and the rest of LAMEA).
The impact of the COVID-19 outbreak was negative on the growth of the global commercial seaweed market. The trade restrictions and lockdown resulted into halting of production and manufacturing units. Conversely, the recovery of the commercial seaweed market is expected in near future.
Seaweeds are employed as a source of human food, hydrocolloids, fertilizers, animal feed additives, and other things like aquaculture, biomass for fuel, and wastewater treatment in many maritime nations throughout the world. The Asia-Pacific region, specifically China, Indonesia, the Philippines, Korea, and Japan, where seaweed cultivation has grown into a huge industry, is where these seaweeds are primarily used as food and culinary components.
Due to their unique physicochemical features, hydrocolloid polysaccharides are employed in the food, pharmaceutical, medical, and biotechnological industries. This gives them substantial technological and commercial significance. During the forecast period, an increase in demand for seaweeds in the production of hydrocolloids such as agar, alginate, and carrageenan is predicted to drive seaweed adoption. They can also be used in the production of human food, hydrocolloids, fertilizers, animal feed additives, aquaculture, biofuel, and wastewater treatment, all of which raise their use. It is projected that untapped markets in North America and Europe would create new opportunities for seaweed producers, fueling market expansion. However, the market's expansion is hampered by the fluctuation in seaweed prices brought on by the unstable supply and ongoing changes in weather patterns.
The key players operating in the commercial seaweed market have adopted product launch, business expansion, and merger & acquisition as its key strategies to expand their market share, increase profitability, and remain competitive in the market. The major players operating in the global commercial seaweed market are Cargill Incorporated, CJ Cheiljedang Corporation, Corbion NV, Gimme Health Foods Inc., Irish Seaweeds, J. M. Huber Corporation, Mara Seaweed, Ocean Harvest Technology Limited, Qingdao Gather Great Ocean Algae Industry Group Co., Ltd (GGOG), Roland Foods, LLC, SeaSnax, Seasol, Seaweed & Co., Singha Corporation Co. Ltd., and Taokaenoi Food & Marketing PCL.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the commercial seaweeds market analysis from 2021 to 2031 to identify the prevailing commercial seaweeds market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the commercial seaweeds market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global commercial seaweeds market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
- Brown
- Green
- Red
By Form
- Flakes
- Powder
- Liquid
By Application
- Food and beverage Industry
- Sub-Type
- Food service
- Food processing
- Cosmetics and personal care
- Agricultural fertilizers
- Animal feed additives
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Denmark
- Rest Of Europe
- Asia-Pacific
- China
- Indonesia
- Philippines
- South Korea
- Japan
- Rest Of Asia-Pacific
- LAMEA
- Saudi Arabia
- United Arab Emirates
- South Africa
- Tanzania
- Rest Of LAMEA
Key Market Players
- Cargill, Incorporated
- cj foods
- corbion
- GIMMESEAWEED
- HUBER
- IrishSeaweeds
- MaraSeaweed
- Ocean Harvest Technology Limited
- qingdao bright moon seaweed group co., ltd.
- Roland Foods LLC
- SeaSnax
- seasol international pty ltd
- Seaweed & Co.
- SINGHA CORPORATION CO., LTD.
- TAOKAENOI FOOD & MARKETING PCL
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Market Share Analysis
3.8. Value Chain Analysis
CHAPTER 4: COMMERCIAL SEAWEEDS MARKET, BY PRODUCT
4.1 Overview
4.1.1 Market size and forecast
4.2 Red
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Brown
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Green
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: COMMERCIAL SEAWEEDS MARKET, BY FORM
5.1 Overview
5.1.1 Market size and forecast
5.2 Flakes
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Powder
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Liquid
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: COMMERCIAL SEAWEEDS MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Food and beverage Industry
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.2.4 Food and beverage Industry Commercial Seaweeds Market by Sub-Type
6.2.4.1 Food service Market size and forecast, by region
6.2.4.2 Food processing Market size and forecast, by region
6.3 Cosmetics and personal care
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Agricultural fertilizers
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Animal feed additives
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Others
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
CHAPTER 7: COMMERCIAL SEAWEEDS MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Product
7.2.3 North America Market size and forecast, by Form
7.2.4 North America Market size and forecast, by Application
7.2.4.1 North America Food and beverage Industry Commercial Seaweeds Market by Sub-Type
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Product
7.2.5.1.2 Market size and forecast, by Form
7.2.5.1.3 Market size and forecast, by Application
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Product
7.2.5.2.2 Market size and forecast, by Form
7.2.5.2.3 Market size and forecast, by Application
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Product
7.2.5.3.2 Market size and forecast, by Form
7.2.5.3.3 Market size and forecast, by Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Product
7.3.3 Europe Market size and forecast, by Form
7.3.4 Europe Market size and forecast, by Application
7.3.4.1 Europe Food and beverage Industry Commercial Seaweeds Market by Sub-Type
7.3.5 Europe Market size and forecast, by country
7.3.5.1 UK
7.3.5.1.1 Market size and forecast, by Product
7.3.5.1.2 Market size and forecast, by Form
7.3.5.1.3 Market size and forecast, by Application
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Product
7.3.5.2.2 Market size and forecast, by Form
7.3.5.2.3 Market size and forecast, by Application
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Product
7.3.5.3.2 Market size and forecast, by Form
7.3.5.3.3 Market size and forecast, by Application
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Product
7.3.5.4.2 Market size and forecast, by Form
7.3.5.4.3 Market size and forecast, by Application
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Product
7.3.5.5.2 Market size and forecast, by Form
7.3.5.5.3 Market size and forecast, by Application
7.3.5.6 Denmark
7.3.5.6.1 Market size and forecast, by Product
7.3.5.6.2 Market size and forecast, by Form
7.3.5.6.3 Market size and forecast, by Application
7.3.5.7 Rest of Europe
7.3.5.7.1 Market size and forecast, by Product
7.3.5.7.2 Market size and forecast, by Form
7.3.5.7.3 Market size and forecast, by Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Product
7.4.3 Asia-Pacific Market size and forecast, by Form
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.4.1 Asia-Pacific Food and beverage Industry Commercial Seaweeds Market by Sub-Type
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Product
7.4.5.1.2 Market size and forecast, by Form
7.4.5.1.3 Market size and forecast, by Application
7.4.5.2 Indonesia
7.4.5.2.1 Market size and forecast, by Product
7.4.5.2.2 Market size and forecast, by Form
7.4.5.2.3 Market size and forecast, by Application
7.4.5.3 Philippines
7.4.5.3.1 Market size and forecast, by Product
7.4.5.3.2 Market size and forecast, by Form
7.4.5.3.3 Market size and forecast, by Application
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Product
7.4.5.4.2 Market size and forecast, by Form
7.4.5.4.3 Market size and forecast, by Application
7.4.5.5 Japan
7.4.5.5.1 Market size and forecast, by Product
7.4.5.5.2 Market size and forecast, by Form
7.4.5.5.3 Market size and forecast, by Application
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Product
7.4.5.6.2 Market size and forecast, by Form
7.4.5.6.3 Market size and forecast, by Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Product
7.5.3 LAMEA Market size and forecast, by Form
7.5.4 LAMEA Market size and forecast, by Application
7.5.4.1 LAMEA Food and beverage Industry Commercial Seaweeds Market by Sub-Type
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Saudi Arabia
7.5.5.1.1 Market size and forecast, by Product
7.5.5.1.2 Market size and forecast, by Form
7.5.5.1.3 Market size and forecast, by Application
7.5.5.2 United Arab Emirates
7.5.5.2.1 Market size and forecast, by Product
7.5.5.2.2 Market size and forecast, by Form
7.5.5.2.3 Market size and forecast, by Application
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Product
7.5.5.3.2 Market size and forecast, by Form
7.5.5.3.3 Market size and forecast, by Application
7.5.5.4 Tanzania
7.5.5.4.1 Market size and forecast, by Product
7.5.5.4.2 Market size and forecast, by Form
7.5.5.4.3 Market size and forecast, by Application
7.5.5.5 Rest of LAMEA
7.5.5.5.1 Market size and forecast, by Product
7.5.5.5.2 Market size and forecast, by Form
7.5.5.5.3 Market size and forecast, by Application
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Cargill, Incorporated
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 cj foods
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 corbion
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 GIMMESEAWEED
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 HUBER
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 IrishSeaweeds
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 MaraSeaweed
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Ocean Harvest Technology Limited
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 qingdao bright moon seaweed group co., ltd.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Roland Foods LLC
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 SeaSnax
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 seasol international pty ltd
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Seaweed & Co.
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 SINGHA CORPORATION CO., LTD.
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 TAOKAENOI FOOD & MARKETING PCL
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Commercial Seaweeds Market,' the commercial seaweeds market size was valued at $17.9 billion in 2021, and is estimated to reach $45.6 billion by 2031, growing at a CAGR of 9.8% from 2022 to 2031.Seaweed, often known as macro-algae, is a group of marine macroscopic, multicellular algae that includes numerous species. Based on color, it can be divided into three major categories: red, brown, and green seaweed. The Asia-Pacific region, specifically China, Indonesia, the Philippines, Korea, and Japan, where seaweed cultivation has grown into a massive industry, is where these seaweeds are primarily used as food and culinary components. The global market for food and related items is becoming more and more competitive due to the growing popularity of seaweed farming.
The increasing use of seaweed across a range of end-use industries is predicted to fuel market expansion. The industry's product application scope is anticipated to increase as the pharmaceutical sector grows. This is also anticipated to positively impact the global commercial seaweeds market growth during the forecast period. Due to an increase in the consumption of seaweed by humans, the food and beverage industry segment dominates the market.
According to commercial seaweeds market analysis, the market is analyzed on the basis of product, form, application, and region. By product, the market is divided into red, brown, and green. Among these, the red segment occupied the major share of the market in 2021, and is projected to maintain its dominance during the forecast period. Red seaweeds dominate the global market because they are the biggest and most plentiful of all seaweeds. Furthermore, because phycocolloids like carrageenan are present, they play a significant economic role across the Asia-Pacific region. As a thickening and stabilizer in food processing, carrageenan made from seaweed has many uses. Therefore, it is projected that increased red seaweed consumption in the food industry will propel the commercial seaweeds market's expansion.
By form, the market is divided into flakes, powder, and liquid. The powder segment is growing at a moderate rate during the commercial seaweeds market forecast period. A small number of marine microalgae is added to the natural seaweed used to make seaweed powder. Seaweed polysaccharides, mannitol, amino acids, proteins, vitamins, potassium, iron, calcium, phosphorus, iodine, selenium, cobalt, and other trace elements are all abundant in natural seaweed powder.
By application, it is classified into food & beverage industry, cosmetics & personal care, agricultural fertilizers, animal feed additives, and others. The food & beverage industry segment dominates the global market during the forecast period. The Asia-Pacific region, specifically China, Indonesia, the Philippines, Korea, and Japan, where seaweed production has grown into a massive industry, is where seaweeds are most commonly used as food and culinary components.
The region that dominated the global commercial seaweeds market in 2021 was Asia-Pacific with the highest commercial seaweeds market share and this dominance is anticipated to continue during the forecast period. The main producers of seaweed include China, South Korea, Japan, and Indonesia. In this location, there is a huge market demand for seaweed for use in animal feed and other pharmaceutical applications. The region's market is expanding due to the rising use of commercial seaweeds, particularly in nutraceuticals, food, medications, personal care products, gels, and adhesives. All these commercial seaweeds market trends are creating commercial seaweeds market opportunities.
Exporters in both developed and developing nations faced a number of difficulties as a result of the COVID-19 epidemic. The implementation of lockdown and curfew procedures on a global scale had an impact on both domestic and foreign manufacture of Commercial seaweed, which in turn hindered market expansion. As a result, the COVID-19 epidemic had a negative influence on the commercial seaweeds market in 2020 as a result of decreased company sales and operations being suspended.
The major players analyzed for global commercial seaweeds industry are Cargill Incorporated, CJ Cheiljedang Corporation, Corbion NV, Gimme Health Foods Inc., Irish Seaweeds, J.M. Huber Corporation, Mara Seaweed, Ocean Harvest Technology Limited, Qingdao Gather Great Ocean Algae Industry Group Co., Ltd (GGOG), Roland Foods, LLC, SeaSnax, Seasol, Seaweed & Co., Singha Corporation Co. Ltd., and Taokaenoi Food & Marketing PCL.
KEY FINDINGS OF STUDY
By product, the red segment was the highest revenue contributor to the market, with $15, 683.7 million in 2021, and is estimated to reach $40, 729.2 million by 2031, with a CAGR of 10.0%.By form, the powder segment was the highest revenue contributor to the market, with $8, 795.8 million in 2021, and is estimated to reach $22, 373.7 million by 2031, with a CAGR of 9.8%.
Depending on the application, the food and beverage industry segment was the highest revenue contributor to the market, with $14, 375.4 million in 2021, and is estimated to reach $36, 124.9 million by 2031, with a CAGR of 9.7%.
Region wise, Asia-Pacific was the highest revenue contributor, accounting for $8, 972.4 million in 2021, and is estimated to reach $22, 023.1 million by 2031, with a CAGR of 9.4%.
Companies Mentioned
- Cargill, Incorporated
- Cj Foods
- Corbion
- Gimmeseaweed
- Huber
- Irishseaweeds
- Maraseaweed
- Ocean Harvest Technology Limited
- Qingdao Bright Moon Seaweed Group Co., Ltd.
- Roland Foods LLC
- Seasnax
- Seasol International Pty Ltd.
- Seaweed & Co.
- Singha Corporation Co. Ltd.
- Taokaenoi Food & Marketing Pcl
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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