Asia Pacific Seaweed Derivatives Market

Market Introduction

Seaweeds are red, brown, and green marine microalgae; their extracts are used in the horticultural crops owing to their plant growth promoting effects. The major derivatives of seaweeds include alginates, carrageenans, and agars, while their chemical derivatives include fatty acids and vitamins, mineral nutrients, phytoharmones, and complex polysaccharides, among others. Alginates are largely extracted from brown seaweeds, while carrageenans and agars are largely extracted from red seaweeds. Alginates, carrageenans, and agars are increasingly being used in food and beverages, animal feed, and agriculture industries, among others.

Market Overview and Dynamics

The Asia PacificSeaweed Derivativesmarket is expected to reach US$ 2,209.61 Mn by 2027 from US$ 1,239.19 Mn in 2018; the market is anticipated to grow at a CAGR of 6.6% from 2019 to 2027.The rising demand from the food &beverages industry and health benefits of seaweeds and seaweed derivatives are among the key factors driving the market growth. However, the lack of consumer awareness regarding seaweed derivatives limits the market growth in the region.

Key Market Segments

In terms of source, the red seaweed segment accounted for the largest market share in the Asia Pacificseaweed derivatives market in 2018. In terms of form, the powder segment held the largest market share of the market by 2027. In 2018, the food and beverages segment held the most significant share of the Asia Pacific seaweed derivatives market, based on enduse.

Major Sources and Companies Listed

Several major primary and secondary sources associated with this report on the Europe seaweed derivatives market are W Hydrocolloids, Inc.; KIMICA Corporation; DuPont de Nemours, Inc.; Gelymar S.A.; CP Kelco;Algaia;Compañía Española de Algas Marinas, S.A.; Cargill, Incorporated; and Arthur Branwell & Co., among others.

Impact of COVID-19 Pandemic on Seaweed DerivativesMarket

The recent COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then, it has spread worldwide at a fast pace. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The U.S has the highest number of confirmed cases of Covid-19, as, compared to Canada and Mexico. This has adversely affected the food & beverages industry in the region due to the supply chain disruptions.

Reasons to Buy Report

• It provides understanding of the Asia Pacific seaweed derivatives market landscape and identifies market segments that are most likely to guarantee a strong return.
• It guides stay ahead of the race by comprehending the ever-changing competitive landscape for the Asia Pacific seaweed derivatives market.
• It helps efficiently plan merger and acquisition, and partnership deals in the Asia Pacific seaweed derivatives market by identifying market segments with the most promising probable sales
• It facilitates knowledgeable business decision-making through perceptive and comprehensive analysis of market performance of various segments pertaining to the Asia Pacific seaweed derivatives market.

It provides market revenue forecast of the market based on various segments for the period from 2018 to 2027.ASIA PACIFICSEAWEED DERIVATIVES MARKET SEGMENTATION

By Source

• Red Seaweed
• Brown Seaweed
• Green Seaweed

By Form

• Liquid
• Powder
• Flakes

By End Use

• Food and Beverages
• Agricultural Products
• Animal Feed Additives
• Pharmaceuticals
• Others

By Country

• China

• Japan
• India
• South Korea
• Rest of Asia Pacific

Company Profiles

• W Hydrocolloids, Inc.
• KIMICA Corporation
• DuPont de Nemours, Inc.
• Gelymar S.A.
• CP Kelco
• Algaia
• Compañía Española de Algas Marinas, S.A.
• Cargill, Incorporated
• Arthur Branwell & Co.

Asia Pacific Seaweed Derivatives Market Strategic Insights

Asia Pacific Seaweed Derivatives Market Report Highlights

Asia Pacific Seaweed Derivatives Market Country and Regional Insights