Brown Commercial Seaweed Market Size By Form (Wet, Dry), By End Use (Food, Animal Feed {Poultry Feed, Swine, Aquaculture, Pet Food}, Pharmaceutical, Cosmetics & Personal Care, Biofuels, Bioplastics, Biochemicals, Biorefineries), COVID-19 Impact Analysis,

Brown Commercial Seaweed Market Size By Form (Wet, Dry), By End Use (Food, Animal Feed {Poultry Feed, Swine, Aquaculture, Pet Food}, Pharmaceutical, Cosmetics & Personal Care, Biofuels, Bioplastics, Biochemicals, Biorefineries), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023-2032

Global Brown Commercial Seaweed Market is set to witness noticeable gains between 2023 and 2032, primarily owing to the availability of small and medium seaweed processing units in European countries, such as Spain, Ireland, and France. Besides, the demand for nutritious food items is also increasing drastically in the Middle East and Africa region, which will bolster the market demand in the next ten years.

Overall, the brown commercial seaweed market has been segmented in terms of form, end-use, and region.

On the basis of the form, the market is likely to be characterized by the wet segment, which will gain significant traction through 2023-2032. Since seaweeds contain ample trace elements, such as cadmium, manganese, cobalt, zinc, copper, and iron, they are a perfect solution for a range of end-use applications. Besides, seaweed is widely consumed in a variety of delicacies such as soups, sushi rolls, salads, stews, and smoothies in a number of Asian countries, including South Korea, China, and Japan, which will also foster market demand through 2032. According to reliable statistics, the consumption of Sushi has increased by up to 50% in India. Such an unprecedented surge in the consumption of Sushi is bound to bolster the demand for brown commercial seaweeds.

In the context of end-use, the animal feed market is set to be valued at more than USD 755 million by 2032. Seaweed is being increasingly used in animal feed, as it is a reliable source of essential vitamins and minerals, and trace elements, that maintain the level of micronutrients and develops resistance to various ailments. Besides, seaweeds also reduce the cases of mastitis and cow fever, in addition to improving fat levels and iodine content in cattle milk, which will also add impetus to the product demand.

Additionally, research studies also depict that including seaweed in cattle feed can substantially reduce methane emissions by 82%. Hence, increasing concern about the environment will also drive the inclusion of seaweed in cattle feed, which will also add fuel to the market.

In the regional context, the Europe brown commercial seaweed market is anticipated to grow at more than 8% CAGR through 2032. The regional market growth can be accredited to the presence of small and medium seaweed processing firms in some countries. Besides, the increasing consumption of nutritious and healthy sea foods will also bolster the market scenario over the next ten years. As per sources, consumption of seafood is relatively higher in Iceland, accounting for more than 92 kg of seafood consumed person per year.