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Why Demand for Seaweed is Luring Farmers - algaeplanet.com

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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Seagriculture USA 2024
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