Why Demand for Seaweed is Luring Farmers

 Seagriculture EU 2024

Perhaps you caught CNBC’s expose on seaweed a few months back, as did over a million viewers. If not, you might enjoy this look at how macroalgae has grown way beyond its use in sushi. It can now be found in almond milk, baby food and lotion, and is increasingly being 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. Watch this video to better understand why the global demand in seaweed is expected to boom in the coming years.

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  • May 20, 2024: Scientists from Nelson’s Cawthron Institute have joined a $5 million pilot aimed at creating a sustainable commercial seaweed industry in New Zealand. The scientists are conducting a seaweed-growing trial at a mussel farm off the coast of Motueka as part of the Greenwave Aotearoa regenerative ocean farming pilot. READ MORE...
  • May 17, 2024: BettaF!sh, a leading alt seafood and seaweed start-up in Europe, has announced its involvement in the FunSea project, a collaborative EU-wide research initiative designed to advance the nutritional quality and safety of cultivated brown and green seaweed. This research project intends to develop novel, sustainable food products over a three-year period, by employing cutting-edge processing technologies and utilizing residual biomass from biomarine industries. READ MORE...
  • May 15, 2024: The 2024 Algae Biomass Summit, to be held in Houston, Texas, October 20-22, 2024, is now accepting speaker and poster abstracts for the world’s largest algae conference. Abstracts should be submitted by May 24th to receive preferential scoring by the review committee, as well as student registration discounts. READ MORE...
  • May 13, 2024: The Tasmanian Government is investing $4 million in the agricultural sector with the goal to reduce greenhouse gas emissions from livestock by more than 16,000 tons. “The TasFarmers proposal will use Sea Forest’s Asparagopsis SeaFeed as a feed additive to some 24,000 head of livestock in this large-scale trial to demonstrate commercial-scale viability of Asparagopsis feed supplements,” said Minister for Parks and Environment, Nick Duigan. READ MORE...

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