The Europe Commercial Seaweed Market would witness market growth of 11.3% CAGR during the forecast period (2021-2027).
Seaweed comprises various robust skincare properties, due to the presence of various nutrients. The combination of various nutrients in the seaweed helps the skin in building antimicrobial and general anti-aging ability. Using seaweed on the skin can help in cleansing and detoxing, as well as enhancing skin tone and pigmentation. Moreover, it also helps in increasing hydration and balancing the oil production of the skin.
The availability of vital minerals such as calcium, magnesium, iron, vitamins, and antioxidants are encouraging its utilization in numerous industries. Moreover, the significant prevalence of various macronutrients, as well as micronutrients in these items is enabling its utilization in various fitness products.
According to the National Library of Medicines, the utilization of seaweed as food, which was formerly limited to particular European regional subpopulations, has witnessed a considerable increase in European nations in the last decade. Moreover, as people become more aware of and interested in sustainable and alternative sources of food, healthier lifestyles, and dietary changes, seaweed has become a major focus in worldwide cuisines.
In addition, the growth of the agricultural sector across this region is rapidly increasing. Also, according to Eurostat, in 2016, there were a total of 10.5 million farms that are existing across this region. The increasing number of people that are engaged in the agricultural sector of this region is allowing the penetration of seaweed cultivation in this region.
The Germany market dominated the Europe Commercial Seaweed Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $872.3 million by 2027. The UK market is estimated to witness a CAGR of 10.3% during (2021 - 2027). Additionally, The France market would expect a CAGR of 12.1% during (2021 - 2027).
Based on Product, the market is segmented into Red Seaweed, Brown Seaweed, and Green Seaweed. Based on Application, the market is segmented into Human Consumption, Agriculture Animal Feed, and Others. Based on Form, the market is segmented into Liquid, Powdered, and Flakes. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Commercial Seaweed Market Size will Hit $31 Billion by 2027, at a CAGR of 10.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DuPont de Nemours, Inc., Groupe Roullier, Brandt, Inc., Acadian Seaplants Limited, Indigrow Ltd., COMPO Group, Seasol International Pty Ltd., Gelymar SA (Algina Inversiones SA), Cargill Corporation, and Biostadt India Ltd.
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