The global seaweed extract market market is projected to rise by USD 0 billion by 2028, according to a new report by Gen Consulting Company. It is anticipated to expand at a CAGR of 0.4 percent during the forecast period.

This industry report offers market estimates of the global market, followed by a detailed analysis of the source, farming, application, and region. The global market data on seaweed extract can be segmented by source: brown seaweed, green seaweed, red seaweed, others. The red seaweed segment held the largest share of the global seaweed extract market in 2021 and is anticipated to hold its share during the forecast period. Seaweed extract market is further segmented by farming: cultivated, wild harvest. Globally, the cultivated segment made up the largest share of the seaweed extract market. Based on application, the seaweed extract market is segmented into: food, hydrocolloids, others. The hydrocolloids segment was the largest contributor to the global seaweed extract market in 2021. On the basis of region, the seaweed extract market also can be divided into: Asia Pacific, Europe, North America, MEA (Middle East and Africa), Latin America. Asia Pacific is estimated to account for the largest share of the global seaweed extract market.

The global seaweed extract market is highly competitive. The leading players in the seaweed extract market include Cargill Inc., COMPO GmbH, CP Kelco ApS, DuPont de Nemours Inc., Gelymar S.A., Groupe Roullier, KIMICA Corporation, Lonza Group AG, Qingdao Bright Moon Seaweed Group Co. Ltd., The Hebridean Seaweed Company.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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