China: World Bank expects seaweed industry to be worth $4.4 billion by 2030

News from FishFarming on August 24, the "Global Seaweed Emerging Markets Report 2023" issued by the World Bank analyzed business opportunities for new high-growth seaweed market applications. the Today, most farmed seaweed is used directly for human consumption or as fresh feed for aquaculture. In the future, seaweed products could replace fossil fuels in industries such as textiles and plastics, generating income for vulnerable coastal communities. the While there are huge opportunities for growth in many regions, seaweed farming is currently limited to a few Asian countries, which produce 98% of the world’s seaweed. the The growth in the value of seaweed farming around the world will depend on technology and knowledge sharing among policymakers, financial institutions, the scientific community, the private sector, producers and processors, and women will dominate seaweed farming. the This report highlights 10 relatively new and emerging seaweed applications that have the ...