Seaweed is type of macroscopic, multicellular, marine algae, which are found in oceans and seas across the globe. The hydrocolloids such as alginate, agar, and carrageenan, gelatinous substances are extracted from seaweed. Seaweed is beneficial to health to fight against illness and diseases. Seaweed is used in food, medicines, cosmetics and organic fertilizers and feed additives.
Increasing application of seaweed in numerous end-use industries is expected to drive the seaweed market growth. The increase in pharmaceuticals industry is anticipated to growth the product application scope in the industry. This in turn, is also anticipated to boost the growth of global seaweed market over the forecast period.
The report analyses Europe seaweed market based on product, application and geography.
Brown seaweed, red seaweed and green seaweed are the major types of seaweed available in the market. Red seaweed is anticipated to emerge as the largest product segment and is projected to grow at the fastest growth rate over the forecast period. The red seaweed is a source for carrageenan hydrocolloid, which is highly used in food industry owing to its improved gelling and thickening property. The red seaweed segment is anticipated to dominate among the product type segment, due to the increasing demand for agar and carrageenan from the food industry. The brown seaweeds is expected to follow red seaweeds owing to the growing use of brown seaweed in animal feed additives and fertilizers.
The market finds major application in agriculture, animal feed, human consumption and others. The human consumption segment is expected to account for the majority of the global market share, and it is anticipated to grow at the fastest growth rate over the forecast period. On the other hand, the human food segment is expected to hold significant market share among the application segment, owing to increase in seaweed consumption in human food coupled with increasing demand for seaweed derived snacks. The global seaweed market is anticipated to witness significant growth rate during the forecast period.
Geographically, the Europe seaweed market is studied across the countries such as Germany, United Kingdom, France, Italy, Spain and Rest of the Europe. The UK is leading the Europe seaweed market owing to the strong presence of application industries. The industry in the UK is expected to expand further due to increasing awareness regarding the application of the product in the pharmaceutical industry.
The major players involved in this market are RoullierGroup, Compo GmbH& Co. KG, Gelymar SA, Indigrow Ltd., The Cornish Seaweed Company, among others.
The report analyses Europe seaweed market based on product, application and geography. Brown seaweed, red seaweed and green seaweed are the major types of seaweed available in the market. The market finds major application in agriculture, animal feed, human consumption and others. Geographically, this market is segmented into Germany, United Kingdom, France, Italy, Spain and Rest of the Europe. The United Kingdom is likely to emerge as the largest regional market and is anticipated to develop further at an abrupt rate over the coming years.
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