Hyderabad, India -- (SBWire) -- 03/10/2018 --Commercial algae are a kind of macro algae that is found in arctic, tropical and cold-water bodies. These types of seaweeds are offered in several colors. These are made of vitamins and mineral content which somehow expands its demand in several applications starting from food, healthcare, and private care products. This kind of protectant is usually edible therefore its applications are increasing in the food business. Higher consumption of this algae will increase its harvest across an outsized range of nations.
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Application of seaweeds in human food, animal feed, prescription drugs, agriculture, cosmetics, production of bio-fuel, and waste matter management is leading to the expansion of the commercial seaweeds market. Seaweeds have varied nutritious values and are often used as a thickening and gelling agents, creating their utilization most profitable in different industries.
The demand for red seaweeds is set to grow at a significant CAGR, over the forecast period. Increasing demand for Nori, and red algae (red seaweeds) as an associate additive in soups, alongside growing consumption of red & brown algae in kind of agar & alginates in the pharmaceutical company & medical end-user can provides an important boost to the growing market within the anticipated period.
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Powder algae phase is foretold to achieve developed acceptance rate over liquid algae product in industries comparable to textile, direct food, pharmaceutical company & medical, food additives among others and can have a consistent growth over the approaching years. Within the agriculture trade, the main use of liquid seaweeds is for the manufacture of liquid fertilizers. Because the algae products are naturally-derived, they need the qualities to enhance the standard of soil, which will, in turn, improve the agricultural productivity. The demand for liquid seaweeds is anticipated to extend at a notable CAGR, as a result of their increasing end-user applications such as fertilizer sprays.
Europe Commercial Seaweed Market is the second biggest market after North America. It is expected to grow at a high CAGR in the forecast period. This is due to the increasing awareness and acceptance of seaweeds in this region.
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The major market contributors for the global Commercial Seaweed Market are Cargill, Incorporated. (U.S.), Roullier Group (France), E. I. du Pont de Nemours and Company (U.S.), Gelymar SA (Chile), Biostadt India Limited (India), Acadian Seaplants Limited (Canada), Compo GmbH (Germany), CP Kelco (U.S.), and Seasol International Pty. Ltd. (Australia).
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