(Food-Beverage-News.Com, September 16, 2017 ) According to the report Europe Commercial Seaweeds Market by Form (Flakes, Liquid, Powdered), by Type (Brown Seaweeds, Green Seaweeds, Red Seaweeds), by Application (Agriculture, Animal Feed, Food, Others), and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (20162021) published by Market Data Forecast, the Europe Commercial Seaweeds Market is expected to grow at a CAGR of 10.35% and reach USD 4.16 billion in 2021 from USD 2.54 billion in 2016.
The Europe Commercial Seaweeds market is expected to show evident potential in the forecasting period. The market continues to build up momentum with emerging market in developed countries with rising economies. This has resulted in various companies investing in the market. Seaweed has a popular application as food in various countries all over the world, dating back as early as the 4th century for its origin. Seaweeds are generally of three types, namely brown, green and red seaweeds, each being different based on their respective pigmentation.
Rising number of applications of commercial seaweeds has been a driving factor for the growth of the commercial seaweeds market. Apart from this, other drivers are increasing seaweed harvesting and usage, emerging seaweeds as snacks, medical uses of seaweed called spirulina, application of seaweeds in bio-refining. The market also faces some challenges as well as restraints, which include harmful effects of overuse and natural calamities resulting in decline in production. These factors have been holding the market back from its full potential.
The Europe Commercial Seaweeds market is divided based on form, type and application. The segmentation on the basis of type is done into red, green and brown seaweeds. On the basis of application, the market is categorized into agriculture, food, feed and others. Lastly, based on form, the segmentation is done into liquid, powdered and flakes. On the basis of geography, the Europe market is analysed under various regions namely U.K, Germany, Spain, Italy and France.
Some of the major competitors in the Europe Commercial Seaweeds Market are: E.I. Dupont De Nemours and Company Gelymar Cargill Incorporated Compo Gmbh & Co. Kg Roullier Group Acadian Seaplants Limited Biostadt India Limited CP Kelco Brandt Seasol International Pty. Ltd
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