Brown seaweeds

The global commercial seaweed market is expected to grow at a steady pace throughout the forecast period of 2019-2029. The market growth can be primarily attributed to extensive usage in several end use sectors. Furthermore, Commercial seaweeds offer fertilizers, food, nutritional supplementation, as well as valuable phycocolloids such as alginate, carrageenan, and agar that are likely to offer opportunities in the global market.

"The innate attributes of seaweed are furthering several industries in their purest form. The increased applications and direct consumption will attract producers to reap benefits in the approaching years, while the inconsistent production and supply due to environmental aspects will impact the pricing of seaweed in the global market." states Fact.MR report.

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Commercial Seaweed Market - Key Takeaways