Seaweed to generate US$ 1.51 billion for Europe

Published 2022년 9월 20일

Tridge summary

The article highlights the growing market for seaweed protein, with an expected CAGR of 11.6% from 2022 to 2030, reaching $1.51 billion by 2030. Despite its nutritional benefits, the consumption and production of seaweed in Europe are still low. The market experienced a peak in 2017 but faced competition from other plant-based proteins. However, seaweed is now gaining popularity again, finding use in restaurants and cereal and pasta products. The industry employs over 8,600 people and is supported by more than 100 companies worldwide, with the UK, Norway, and France being major producers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Text: Correspondent Iara Siqueira Seaweeds are vegetables known worldwide for their high nutritional value. It is used as food, in cosmetics, animal feed, pharmaceutical products, etc. Edible algae have a high protein content in their composition. For the seaweed protein market, the expectation is good over the years, it was estimated that from 2022 to 2030, the sector will have an average positive performance of 11.6%. The data is part of the report by Allied Market Research, a market analyst from the United States, despite its benefits, consumption and production in Europe are still slow. The seaweed market peaked in 2017 when spirulina (powder present in seaweed) began to be added to drinks and shakes. In recent years, protein products made from soy, almonds, and chickpeas have made seaweeds a little on the sidelines, but they are reappearing on restaurant menus as ingredients in cereal and pasta products. Also according to the Allied report, by 2030, the seaweed ...
Source: Agrolink

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