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Report overview
Asia Pacific Seaweed Extracts market size was valued at USD 478.2 million in 2024 and is projected to reach USD 682.5 million by 2030, at a CAGR of 6.1% during the forecast period 2024-2030.
Seaweed extracts are natural products derived from various species of seaweed, used in agriculture as biostimulants, in food and beverages as additives, and in cosmetics for their nutritional and functional properties.
The Asia Pacific seaweed extracts market is experiencing steady growth, driven by increasing demand for natural and sustainable products across various industries. China accounts for 35% of the market, followed by Japan at 25% and South Korea at 20%. In 2023, the agriculture sector consumed 45% of total production, with food and beverage applications at 30% and cosmetics at 15%. The market saw a 12% increase in demand for organic certified seaweed extracts. Key players include Qingdao Gather Great Ocean Algae Industry Group (China) and Algea (Norway), collectively holding a 35% market share in the region. The industry is investing in sustainable harvesting practices, with a 18% increase in seaweed cultivation projects in 2023. Challenges include maintaining consistent quality due to environmental factors, leading to a 10% investment in standardization processes. The trend towards plant-based diets has driven a 15% growth in seaweed extracts as food ingredients. The market is benefiting from research into novel applications, with a 20% increase in patents filed for seaweed-based materials in various industries.
Report Includes
This report is an essential reference for who looks for detailed information on Asia Pacific Seaweed Extracts . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Seaweed Extracts , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.
This report aims to provide a comprehensive presentation of the Asia Pacific Seaweed Extracts , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Seaweed Extracts . This report contains market size and forecasts of Seaweed Extracts in Asia Pacific, including the following market information:
We surveyed the Seaweed Extracts manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
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