[Latest] Global Seaweed Extracts Market Size/Share Worth

September 14, 2023 17:30 ET | Source: Custom Market Insights Custom Market Insights

Austin, TX, USA, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Seaweed Extracts Market Size, Trends and Insights By Type (Red, Brown, Green), By Form (Liquid, Powder, Flakes), By Application (Food & Beverage, Agriculture, Pharmaceuticals, Nutraceuticals), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database. Humic Acid Flakes

[Latest] Global Seaweed Extracts Market Size/Share Worth

“According to the latest research study, the demand of global Seaweed Extracts Market size & share was valued at approximately USD 1.9 Billion in 2022 and is expected to reach USD 2.1 Billion in 2023 and is expected to reach a value of around USD 2.9 Billion by 2032, at a compound annual growth rate (CAGR) of about 6% during the forecast period 2023 to 2032.”

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Seaweed Extracts Market: Growth Factors and Dynamics

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Seaweed Extracts Market: COVID-19 Analysis

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Seaweed Extracts Market – Regional Analysis

Asia Pacific takes the lead in significant market growth during the projected period, primarily driven by its substantial use in agriculture, including horticulture, herbicides, and fertilizers. Agriculture represents a substantial portion of the overall demand for these products in the region.

Moreover, the consumption of seaweed extracts in food applications, notably snacks, is notably high. These extracts serve as crucial thickening and gelling agents within the food industry, enhancing their commercial appeal. Beyond this, they have gained recognition as potent dietary supplements, known for their potential to support weight management, enhance digestion, and reduce cholesterol levels.

Furthermore, the utilization of these products is on the rise in countries with strong agricultural economies, such as India. They play a pivotal role in bolstering crop yields, particularly for fruits, vegetables, and flowers. Additionally, these extracts contribute to fortifying plants’ natural defenses against pests.

In summary, the Asia Pacific region stands at the forefront of market growth, fueled by their diverse applications in agriculture and food industries, and their positive impact on crop production and plant protection in agricultural economies like India.

North America, spearheaded by the United States, is poised to be the second-fastest-growing region during the forecasted period. This region commands a significant market share in the realm of seaweed extracts, primarily attributable to ongoing endeavours in research and development within the organic and herbal product sectors.

Additionally, the utilization of seaweed extracts in the food industry has contributed to the region’s robust market presence. Furthermore, the demand for these extracts has surged notably, owing to their incorporation into cosmetic products such as shower gels and tubs. This diversification of applications further bolsters North America’s position in the global seaweed extracts market.

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The Seaweed Extracts Market is segmented as follows:

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The Middle East & Africa

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