Global Seaweed Market 2017-2021
Seaweed belongs to a group of plant-like organisms that grow in the sea. It is a multi-purpose product widely used as food for both human and animals. Seaweed can be collected from the deep sea, and they are also increasingly cultivated across the coasts globally. There are three major types of seaweed based on the color, namely, brown, red, and green seaweed.
Technavio’s analysts forecast the global seaweed market to grow at a CAGR of 10.28% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global seaweed market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Seaweed Market 2017-2021
Technavio recognizes the following companies as the key players in the global seaweed market: Cargill, DuPont, Groupe Roullier, Irish Seaweeds, and Qingdao Gather Great Ocean Algae Industry Group (GGOG).
Other Prominent Vendors in the market are: Annie Chun’s, Chase Organics, GimMe Health Foods, Maine Coast Sea Vegetables, Mara Seaweed, Ocean Harvest Technology, Seagreens, SeaSnax, Seasol, and This is Seaweed.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Seaweed as a paleo diet. The growing popularity of paleo diet is expected to drive the global seaweed market in the coming years. Most consumers consider seaweeds as a part of the paleo diet, and hence, the demand for them is expected to grow in the coming years. In terms of color, seaweeds can be of three types, namely, red, green, and brown, all of which are considered as paleo food.”
According to the report, one of the major drivers for this market is Health benefits of seaweeds. The growing awareness of the various health benefits of consuming seaweed is expected to drive the market's growth over the next five years. Seaweed is a natural substitute for salt, and exhibits antioxidant, antimicrobial, and anti-inflammatory properties that are required to lower blood cholesterol levels and regulate blood pressure. Seaweed also aids in digestion and weight management (since it has very low calorie and fat content, provides fiber, and contains alginate — an anionic polysaccharide that is known to cut fat absorption). It is rich in omega-3 fatty acids, dietary fiber, essential amino acids, and vitamins A, B, C, and E.
Further, the report states that one of the major factors hindering the growth of this market is Health risks associated with the consumption of seaweeds. Although there are many benefits of the consumption of seaweeds, eating large amounts of seaweeds might result in certain side effects and can also interact with certain medications. Seaweeds have high concentrations of certain nutrients, which can be risky for some people. For example, excess consumption of vitamin K interferes with medications such as warfarin, which is prescribed to treat and prevent blood clots. Certain seaweeds like red seaweed dulse have high potassium content, which might cause issues for those with kidney problems.
Cargill, DuPont, Groupe Roullier, Irish Seaweeds, Qingdao Gather Great Ocean Algae Industry Group (GGOG), Annie Chun’s, Chase Organics, GimMe Health Foods, Maine Coast Sea Vegetables, Mara Seaweed, Ocean Harvest Technology, Seagreens, SeaSnax, Seasol, and This is Seaweed.
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