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- The global seaweed extracts market is expected to gain valuation of over US$ 2.7 Bn by 2032
- Rising awareness about health benefits of product is helping Europe market to maintain its leading position
- Players in the seaweed extracts market developing superior quality products with the help of advanced technologies in their production processes
ALBANY, NY, April 4, 2022 /PRNewswire/ — The global seaweed extracts market is estimated to register growth at a CAGR of 5% during the forecast period of 2022 to 2032, according to a research report by Transparency Market Research (TMR).
Seaweeds are being increasingly utilized for different purposes, owing to their different benefits to human health as well as their antioxidants properties. Many companies operating in the food & beverages industry are utilizing seaweed extracts as natural preservatives and additives in order to cater to rising demand for products with natural ingredients. Moreover, increase in the use of seaweed extracts in the food industry as suspending agents, thickening and emulsifying agents, gelling agents, and stabilizers is leading to profitable prospects in the global seaweed extracts market, note analysts at TMR.
Many cosmetics and personal care products manufacturers around the world are incorporating seaweed extracts in their products, as the popularity of products with natural ingredients has increased in the recent years. Hence, the global seaweed extracts market is observing exceptional demand opportunities from the manufacturers of cosmetics and personal care products. Moreover, the market for seaweed extracts is prognosticated to gain the advantage of improving living standards of major global populace, rising awareness about availability of such products, and rapid urbanization in many parts of the world.
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Seaweeds are gaining traction across the European food…
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