Commercial Seaweed Market ,Share, by Top Companies, Regional Growth By ( 2024 -2032 )
Commercial Seaweed Market Outlook Commercial Seaweed Market Size is Anticipated to Reach USD 16.9 billion in 2032 and Registering CAGR of 10.10% from 2024 to 2032.Seaweeds are a group of multicellular and photoautotrophic algae, that occur in marine environments and are generally found attached to rock or a hard substratum. Due to its high nutrients content seaweeds are used in number of applications, including food supplements, medicines, industrial chemicals, and as a potential component for biofuel research and CCS (carbon capture and sequestration). Furthermore, the presence of hormones such as Gibberellins and Auxins is surging its usage as agricultural fertilizers. Gibberellins and Auxins are known as growth hormone, these help in stimulating cell elongation and promote plant growth. Based on type, the global commercial seaweeds market has been segmented into red seaweeds, brown seaweeds, and green seaweeds. The brown seaweeds segment is anticipated to gain the largest re