According to a report published by Fortune Business Insights, titled “Commercial Seaweeds Market Size, Share and Global Trend by Product Type (Red Seaweed, Brown Seaweed, Green Seaweed), From (Flakes, Powder, Liquid), End User (Food and Beverage, Agricultural Fertilizer, Animal Feed Additives, Pharmaceuticals, Cosmetics and Personal Care) and Geography Forecast till 2025,” the market was valued at US$ 11.48 Billion in 2017. Fortune Business Insights further states that the market will be valued at around US$ 21.75 Billion by exhibiting a CAGR of 8.42% in the forecast period. (Values may change due to COVID-19 Impact on commercial seaweeds market globally).
China’s Largest Seaweed Producer, “Dalian Kowa Foods” Acquires Japan-based ‘Riken’ for US$ 15.9 Mn
In April 2016, Dalian Kowa Foods acquired a Japanese food company ‘Riken’ for almost CNY 100 Mn which equals US$ 15.9 Mn. The company expressed it intentions to introduce value-added seaweed inclusions in salads as well as meals. The company aims at maximizing the nutrient content of seaweeds. It also intends to set up a new unit to produce processed seaweeds for their use in a variety of foods. Given that the company has a wide end-user coverage, the progress made by this company is likely to have a positive impact on the global seaweed market.
To Know the Impact of COVID-19 on this Market: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/commercial-seaweeds-market-100077
Seaweeds Are Making Their Mark in the Cosmetics Industry
The use of seaweeds in the cosmetic industry is growing constantly. Seaweeds possess exceptional characteristics that favor cosmetic products. The healing properties and use of seaweeds as hydrocolloid allow direct contact with various parts of the human body such as skin and hair. Seaweeds are processed in many different ways before being used in cosmetics. Recent trends and advancements in pre-processing of seaweeds before being used in various applications are fueling its demand among end-users.
Although the seaweeds market is somewhat consolidated in nature, with researches underway, analysts predicts promising growth for the market in the coming years. Despite the presence of fewer market players, the competition is likely to get fiercer in the coming years with increased availability of seaweeds and major advancements in use of seaweeds across various industries.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
To get the short-term and long-term impact of COVID-19 on the commercial seaweeds market, Visit: https://www.fortunebusinessinsights.com/industry-reports/commercial-seaweeds-market-100077
List of Top Companies Covered in Commercial Seaweeds Market Research Report are;
- DowDuPont Inc. (Danisco)
- Cargill, Inc.
- CP Kelco
- Kerry Group PLC
- FMC Corporation
- Acadian Seaplants Limited
- Gelymar S.A.
- Ocean Harvest Technology Limited
- Roullier Group.
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