Precise Market Intelligence (PMI) presents its new, comprehensive study on the global Seaweed Cultivation market spanning from 2020 to 2025. The Researchers at PMI have no left no stone unturned in bestowing readers a comprehensive view of the market, by studying the drivers, trends, challenges, and restraints. Backed by historical data and projected data, the report breaks down the vast study into numerous geographies and end-use segments, among others to condense the research. The report also considers production and consumption analysis, value chain analysis, key findings, important suggestions and recommendations, and other aspects. The seaweed cultivation market size is estimated to be valued at USD 16.7 billion in 2020. It is projected to reach USD 30.2 billion by 2025, recording a CAGR of 12.6% during the forecast period, in terms of value.
Analysts at PMI have employed in-depth analysis to offer a lucid understanding of the market and the factors shaping its growth trajectory. Ranging from macro socio-economic factors to micro geography-specific trends, the research has taken into consideration every facet that is likely to play a vital role in the growth of the market in the years to come. Presenting a plethora of valuable information, the report will serve as an effective tool, guiding the market players in making fruitful decisions in the forthcoming years.
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Impact of COVID-19 on Seaweed Cultivation Market
The unforeseen outbreak of COVID-19, which swiftly metamorphosed into the pandemic of unexpected proportions, has shifted the world’s focus towards the healthcare sector. National governments are closely working with healthcare institutions and pharmaceutical companies to provide effective treatment to patients suffering from the infection. As a result, there has been a reorientation of medical priorities across healthcare institutions with treatment for COVID-19 patients being the utmost priority. This is sure to impact the growth of the Seaweed Cultivation market through the pandemic period.
PMI’s report includes a dedicated section expounding both the short-term and long-term impact of the pandemic on the Seaweed Cultivation market. The study is shaped to bolster stakeholders in making the right decisions to mitigate challenges and leverage opportunities through the pandemic.
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Seaweed Cultivation Market: Segmentation
To simply the gargantuan study, the report is segregated on the basis of different segments.
On the basis of process:
- Open sea transplanting
On the basis of type:
- Red seaweeds
- Brown seaweeds
- Green seaweeds
On the basis of method of harvesting:
- Wild harvesting/Traditional
On the basis of form:
On the basis of application:
- Meat & poultry
- Other food applications (soups, salads, and beverages)
- Other applications (biomass for fuel, cosmetics, integrated aquaculture, and wastewater treatment)
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The aforementioned segments are studied with respect to each individual region, considering the region-specific trends, drivers, and restraints.
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Seaweed Cultivation Market: Competition Analysis
The study bestows valuable insights into the competitive landscape of the global Seaweed Cultivation market, by studying numerous players, their growth strategies, and key developments. The report dwells deep and studies different facets such as product launches, production methodologies, and steps adopted by players to make processes cost-effective, among others, are expected to influence their individual standpoint. Understanding the prevailing trends and strategies on the supply-side empowers players to foster their plan of action accordingly to progress on a remunerative path. Key players covered in the research include
- Cargill, Incorporated (US)
- DuPont (US)
- Groupe Roullier (France)
- CP Kelco U.S., Inc. (US)
- Acadian Seaplants (Canada)
- Qingdao Gather Great Ocean Algae Industry Group (China)
- Qingdao Seawin Biotech Group Co. Ltd. (China)
- Seaweed Energy Solutions AS (Norway)
- The Seaweed Company (Netherlands)
- Algea (Norway)
- Seasol (Australia)
- Gelymar (Chile)
- Algaia (France)
- CEAMSA (Spain)
- COMPO EXPERT (Germany)
- Leili (China)
- Irish Seaweeds (Ireland)
- AtSeaNova (Belgium)
- Mara Seaweed (Scotland)
- AquAgri Processing Pvt. Ltd. (India)
Key Questions Answered in PMI’s Seaweed Cultivation Market Report
- Which region is anticipated to hold a prominent market share over the forecast period?
- What will be the key driving factor propelling the demand for Seaweed Cultivation during the forecast period?
- How current socio-economic trends will impact the Seaweed Cultivation market?
- What are the growth strategies implemented by prominent players in the Seaweed Cultivation market to maintain their foothold in the competitive landscape?
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