Why Demand for Seaweed is Luring Farmers

 

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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Breaking-News

  • September 25, 2023: South Korean food ingredient company HN Novatech has announced that it has secured $4 million in a Series-A bridge round to commercialize its flagship ingredient ACOM-S, a seaweed-extracted heme for plant-based meat applications, such as burger patties, BBQ beef, and sausages. READ MORE...
  • September 21, 2023: Sea Forest, a Tasmanian-based company that grows seaweed to mitigate cow and sheep methane emissions, has been named a finalist in the prestigious global environmental award, the Earthshot Prize, set-up in 2020 by Prince William and world renowned wildlife filmmaker and environmentalist Sir David Attenborough. READ MORE...
  • September 18, 2023: Chitose Bio Evolution PTE. Ltd. has concluded a total of 21M USD in new share issuances through a third-party allotment with several large organizations. The funds raised will be allocated towards the expansion of the microalgae production facility and R&D of product applications to accelerate MATSURI, the project to build a microalgae-based industry to replace the petroleum industry. READ MORE...
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