PUBLISHER: BCC Research | PRODUCT CODE: 1559168
PUBLISHER: BCC Research | PRODUCT CODE: 1559168
The global market for seaweed extract is expected to grow from $17.5 billion in 2024 and is projected to reach $20.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 3.6% during the forecast period of 2024 to 2029.
The Asia-Pacific market for seaweed extract is expected to grow from $16.7 billion in 2024 and is projected to reach $19.9 billion by the end of 2029, at a CAGR of 3.6% during the forecast period of 2024 to 2029.
The American market for seaweed extract is expected to grow from $412.3 million in 2024 and is projected to reach $485.5 million by the end of 2029, at a CAGR of 3.3% during the forecast period of 2024 to 2029.
This report analyzes the global seaweed extract market. It uses 2023 as a benchmark year and offers projections, along with estimations of compound annual growth rates (CAGR), for the forecast period from 2024 to 2029; and it uses supply side to estimate market size. This report covers key aspects of the seaweed extract market, including technological advances, economic factors and business considerations, to provide insights into this market. It outlines the market forces impacting the industry and covers the diverse applications associated with seaweed extract. Furthermore, the report surveys the key players operating in the global market for dried and processed seaweeds. It describes the factors driving market growth and examines the regional dynamics that affect the seaweed extract market.