North America 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.

North America Seaweed Derivatives Strategic Insights

Strategic insights for the North America Seaweed Derivatives provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Seaweed Derivatives Report Scope

North America Seaweed Derivatives Regional Insights

The geographic scope of the North America Seaweed Derivatives refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The North Americaseaweed derivativesmarket is expected to reach US$ 593.39 Mn by 2027 from US$ 328.01 Mn in 2018. The market is anticipated to grow at a CAGR of 6.8% 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

The red seaweed segment accounted for the largest market share of the North America seaweed derivatives market, by source, in 2018. In terms of form, the liquid segment held the largest share of the market by 2027. In 2018, the food & beverages segment held the most significant share of the North America seaweed derivatives market, based on enduse.

Major Sources and Companies Listed

A few of the major primary and secondary sources associated with this report on the North America 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 Agarmex, S.A. DE C.V.

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 US has registered the highest number of confirmed COVID-19cases in the world, as well as in North America. This has adversely affected the food &beverages industry in the region due to the supply chain disruptions.

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NORTH AMERICA SEAWEED 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

• US
• Canada
• Mexico

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
• Agarmex, S.A. DE C.V.