What is driving the growth of the seaweed extracts market?
The rising demand for organic fertilizers, health concerns about chemical fertilizers, and the versatility of seaweed extracts in food, cosmetics, and healthcare are all propelling market growth.
Which region is leading the seaweed extracts market?
Asia-Pacific dominates, with Japan, China, and South Korea as major consumers due to their cultural embrace of seaweed and its applications.
Who are the key players in the seaweed extracts market?
Major players include DuPont, Cargill, and CP Kelco, with ongoing investments and acquisitions to secure a competitive edge in this burgeoning market.
How big is the seaweed extracts market?
Seaweed Extracts Market is estimated to reach at a high CAGR of 8.8% during the forecast period 2024-2031.