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Demand for Seaweed About to Boom?
Kelp is a seaweed used in medicine, animal feed, fertilizer and even as a biofuel. That’s why the commercial seaweed market size could surpass $85 billion by 2026, according to Global Market Insights. Seaweed farmer Bren Smith says all one needs to start in the business is $20,000, twenty acres and a boat, and that investment in a single seaweed farm can net up to $90,000 to $120,000 per year. In case you missed the fine CNBC video segment on kelp, here it is again to demonstrate why the global demand for seaweed is taking off and expected to boom in the coming years.