Seaweed Cultivation Market is projected to top a valuation of US$ 41 Bn by 2031
Companies are scrambling to acquire certifications that would help in authenticating their products, thereby driving their sales.
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Key Takeaways from Market Study
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"With high nutritional value, seaweeds are widely used in nutraceuticals, pharmaceuticals, and food. Thus, it would be profitable for seaweed cultivators to offer their products in these end-use industries," says a Persistence Market Research analyst.
Competitive Landscape
Companies are investing in research & development activities to come up with new and improved products. They are also concentrating on improving their market penetration across various regions.
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Explore More Valuable Insights
Persistence Market Research, in its new report, offers an impartial analysis of the global seaweed cultivation market, presenting historical data (2016-2020) and estimation statistics for the forecast period of 2021-2031.
The study offers compelling insights on the basis of type (red seaweed, green seaweed, and brown seaweed), method of harvesting (aquaculture and wild harvesting), form (flakes, powder, liquid, and sheets), and application (food industry, feed industry, agriculture, pharmaceuticals, and others), across seven major regions of the world.
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