© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Seaweed Extracts Market Share, Growth, Analysis, Statistics, Trends, Forecast Report, 2024
© 2016 Global Market Insights, Inc. USA. All Rights Reserved Asia Pacific has major share in seaweed extracts market owing to its use in agriculture and horticulture. Countries such as India has agriculture based economy that increases the use of product. It is used for vegetables, fruits and flower crops that result in higher yield. It increases internal resistance of plants towards pests. North America led by US has substantial share in seaweed extracts market with its use in food industry and ongoing research and development activities in organic and herbal products. With their use in cosmetic products including, shower baths have spurred the product demand. Further their demand in Europe has increased for food as they have high nutrition and protein content. Growing awareness about the beneficial properties of product in medical segment has resulted in substantial growth in Middle East & Africa. Regional Analysis of Seaweed Extracts Market:
© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Seaweed Extracts Market: The product is available in different forms that includes, green, brown and red. Red type has larger share with its application in food industry due to increased demand for carrageenan and algae. With higher use of brown type in animal feed industry and fertilizers due to its ease of availability, its share is expected to increase. Further, increase in population and limited availability of fertile land has boosted the use of fertilizers to improve output that will drive seaweed extracts market. Seaweed extracts are used in several industries including, agriculture, food, cosmetics and pharmaceuticals. Agriculture has significant share owing to its use in horticulture, pesticides and fertilizers. Food has significant share with its use in snacks. These are used as thickening and gelling agent in food industry. It helps in improving digestion, lowering cholesterol levels and weight loss that makes it an effective commercial dietary food.
© 2016 Global Market Insights, Inc. USA. All Rights Reserved Seaweed extracts market is moderately fragmented with presence of many regional and global players. Major players of seaweed extracts market are Arihant Bio Fertichem, Aveeno Active Naturals, Suboneyo Chemicals Pharmaceuticals, AJ Products, Saosis Biotech, Indigrow, Ocean Harvest, Chase Organics and Alganet to name a few. Competitive Market Share of Seaweed Extracts Market:
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