According to the latest report by IMARC Group, titled “Seaweed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global seaweed market reached a production value of US$ 11.5 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 11.8% during 2021-2026. Seaweeds, also known as macroalgae, represent several macroscopic, multicellular, and marine algae that grow in oceans, seas, lakes, rivers, etc. They are obtained from aquaculture and wild harvest. Various hydrocolloids, including agar, alginate, gelatinous substances, c…

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