Seaweed Market: Overview
The term “seaweed” refers to a range of aquatic plants and algae that can be found in rivers, lakes, oceans, and other bodies of water. It is made up of red, green, brown, and black algae that accumulate in shallow water or grow in dense growth on rocky coastlines. It is a high source of iodine and tyrosine, two nutrients that support the body’s ability to grow, produce energy, and repair damaged cells. It provides a variety of antioxidants that shield the body from cellular deterioration, including carotenoids, flavonoids, and vitamins A, C, and E. As seaweed has minimal calories, satisfying fibre, and metabolism-boosting fucoxanthin, it also aids in weight loss. As a result, seaweed is frequently utilised in dietary supplements, pharmaceutical items, wastewater treatment, and food & beverage.
Customers are utilising seaweed more frequently in meat and pastry goods because it aids in the production of gel and water retention. In developing nations like China, Indonesia, and other South Asian nations, the demand for carrageenan is also increasing due to growing consumer knowledge of the advantages of nutrient-dense food, and this trend is projected to fuel the market’s expansion in the near future.
Global Seaweed Market: Major Players
SeasolInternational Pty. Ltd.
E.I. Du Pontde Nemours and Company
The Cornish Seaweed Company
West Coast Marine Bio-Processing Corp.
Chase Organics GB Limited
Compo GmbHand Co. KG
Global Seaweed Market: Types
Global Seaweed Market: Applications
Animal Feed Additives
Seaweed Market Trends:
One of the main factors driving the market’s growth at the moment is the growing public awareness of the advantages of nutrient-dense food products. In addition, due to their anti-microbial characteristics, seaweeds are increasingly being used as food and additives. This is assisting in the market’s expansion, as is the rising intake of seaweeds for balancing the body’s levels of estradiol and oestrogen. Additionally, the global textile sector is seeing an upsurge in the demand for seaweed as a thickening agent. The market is being positively impacted by this as well as the expanding use of seaweeds in agriculture to increase output, improve soil quality, and boost crop protection.
Additionally, major market players are spending a lot of money on research and development (R&D) projects to offer seaweeds as preservatives and gums, which is boosting the industry’s expansion. In addition, the market is expanding as a result of the growing demand for brown seaweeds used in the production of hydrocolloids including agar, alginate, and carrageenan.
The Impact of COVID-19 on the Seaweed Market:
The COVID-19 epidemic has had a negative impact on a number of economies worldwide. Lockdowns and quarantines that were implemented countrywide as part of the government’s response to the COVID-19 epidemic had a detrimental effect on several industries. The majority of food product firms in the F&B industry are still impacted by COVID-19. Numerous businesses have had to shut their doors due to social exclusion, self-isolation, and city-wide lockdowns in nations throughout Asia, the U.S., Europe, and the rest of the world. Consumer food and beverage product makers had to deal with issues including drastically decreased consumption and disturbed supply networks. Due to the lockdowns that have been implemented in numerous nations, the food and beverage industry has experienced a little dip. Due to consumers just buying the necessities, this situation has also had a severe effect on the confectionery business. Additionally, a number of laws and regulations governing the procurement of necessities have been passed by government agencies. The majority of consumers are simply purchasing necessities, which has dramatically reduced the consumption of sweets.