The utilization of different types of seaweeds in chemical research laboratories is contributing to the proliferation of the global seaweed market. The study of sea beds and their composition is creating several avenues that are enabling further progress of the global market. The marine research fraternity is investing in key technologies for studying seaweed structures as decoding the multi-cellular and macroscopic nature of the marine algae requires premium technologies. This is contributing to the advancements in the global seaweed market, which is set to witness the influx of fresh revenues from numerous sources.
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The demand in the global seaweed market is growing tremendously owing to the green and brown algae being studied across research centers. Additionally, the discovery of gold algae is unleashing new opportunities for decoding the marine ecosystem. The upcoming trend of artificial management of marine habitats is positively affecting the global seaweed market. Several amusement parks and research centers are replicating marine environments to harbor various marine species which is propelling the demand for the global seaweed market even further.
Some of the key insights about the global seaweed market are given below:
- A research conducted by an Australian climate expert Tim Flannery states that seaweeds could play a vital role in tackling climate change. The researchers are calling it the ‘silent’ contributor to the management of the current climate change emergency.
- The leading players in the global market for seaweed are expected to witness strong competition in the coming years of the forecast period. Some of the leading brands in the global market include names such as Dupont, Groupe Roullier, Annie Chun’s Inc., Qingdao Gather Great Ocean Algae Industry Group (GGOG), and Irish Seaweeds.
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