The report reveals the £70 million potential of Scotland's seaweed farming industry

Published 2022년 2월 22일

Tridge summary

A review by the Seaweed Review Steering Group forecasts potential significant growth for Scotland's seaweed sector by 2040, with projections indicating a possible increase in gross value added (GVA) from the current £510,000 to between £22.1 million and £71.2 million, and employment rising from approximately 60 jobs to 400. The sector's growth could be fueled by its application in various industries such as food, pharmaceuticals, cosmetics, and animal feed, with potential benefits for the Scottish economy and job market. The report underscores the importance of sustainable practices and calls for proper policy and legislation to ensure environmental sustainability and the sector's integration with other marine uses like fishing and renewable energy.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The review found that Scotland's seaweed sector currently delivers an estimated gross value added (GVA) of £510,000 and employs around 60 people, with small, artisan style businesses leading the domestic sector. However, projections estimate this figure could increase substantially by 2040. Popular as a cooking ingredient, seaweed is also used in the pharmaceutical and cosmetic industries. The report explores two projected future growth scenarios, assessing the potential impacts of seaweed-based industries on the Scottish economy, communities and wider industries to 2040. The growth scenarios were developed for key existing product types and those most likely to develop, informed by the review of the current seaweed industry in Scotland, stakeholder consultation on aspirations for growth, raw material requirements, processing capability, constraints to sector growth and evidence of trends in market demand. Both scenarios assume that all projected sector growth including the ...
Source: Thefishsite

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