cost of seaweed farming

    14.3.4     Irish Seaweeds Figure 89: Others: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025     8.1    Processed Foods 2    Scope and Methodology     11.3    Processing Figure 6: Global: Seaweed Market: Breakup by Application (in %), 2019             9.1.6.2 Market Forecast The competitive landscape of the industry has also been examined with some of the key players being Acadian Seaplants Limited, Cargill Incorporated, DuPont de Nemours, Inc., Irish Seaweeds, Leili, Mara Seaweeds, Qingdao Gather Great Ocean Algae Industry Group (GGOG), etc.             9.1.7.1 Market Trends             9.4.6.2 Market Forecast     5.4    Market Forecast             9.3.1.2 Market Forecast     11.1    Input Supplier Still, California is home to many aspiring seaweed growers. Seaweed farming in China (Chen, 2006).             9.1.1.1 Market Trends Wild stocks are limited, so seaweeds have been cultivated instead. Seaweeds or macroalgae refer to several species of macroscopic, multicellular, and marine algae that …         6.2.2    Market Forecast     2.5    Forecasting Methodology “To scale up seaweed farming.” ... Technology to sink seaweed is unlikely to be cost effective and the process of transporting, drying and converting seaweed into food, biofuel and … Fish farming … Figure 67: Latin America: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Seaweed farming on the west coast of the US is almost non-existent, but more than a dozen have been created on the east coast in recent years.         8.1.1    Market Trends Figure 84: United Arab Emirates: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 What is the breakup of the global seaweed market based on the application?     14.3.5     Leili Figure 11: Global: Seaweed (Aquaculture) Market Forecast: Production Volume (in Million Tons), 2020 - 2025             9.3.3.1 Market Trends             9.3.2.2 Market Forecast Figure 70: Mexico: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Through GreenWave, farmers get training and education, two years of consulting help, aid with permits from pro bono lawyers, free seed and a commitment from GreenWave’s customers to buy up to 80% of their seaweed harvests. “I want to see that system come back to life,” says Marquez. Figure 15: Global: Seaweed (Red) Market Forecast: Production Volume (in Million Tons), 2020 - 2025 Environmentalists are also concerned that farms that grow only one crop risk big financial losses if the crop becomes susceptible to disease. Figure 66: Latin America: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 43: Malaysia: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Seaweed has a whole range of uses, and demand has increased all over the world during the last half-century.     14.1    Market Structure Figure 58: Italy: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019             9.1.5.2 Market Forecast     10.2    Strengths The annual value of global seaweed production has been estimated to be worth over $6bn. List of Figures, Figure 1: Global: Seaweed Market: Major Drivers and Challenges In 2012, the most recent data collected by the World Bank, the annual global seaweed production was 3m tons dried.             9.1.7.2 Market Forecast             9.4.5.2 Market Forecast     12.5    Threat of New Entrants             9.1.6.1 Market Trends The vast majority is grown in Asia, which accounts for 17.1 … This farm is the largest experimental seaweed farm in the UK and is used for upscaling studies as it approaches a size that could be commercially viable.     13.2    Price Structure This site uses cookies (including third-party cookies) to record user’s preferences which help us to     5.2    Market Performance Figure 20: Global: Seaweed (Processed Foods) Market: Consumption Volume (in Million Tons), 2014 & 2019 GreenWave has received letters from more than a hundred people about farming seaweed in the golden state. Seaweeds can also be sold to the nearest wet market. Request Sample The global seaweed market reached a production value of US$ 8.8 Billion in 2019. It is a part of aquaculture and the farming has been regularly developed in many countries including China, Korea, Japan, and other … IMARC offers market research reports and consulting services to clients consisting of, but not limited to, SMEs and Fortune 500 companies.         6.2.1    Market Trends 1 In China, in Sanggou Bay, a study 2 demonstrated that large-scale kelp farming … Figure 64: Others: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019         2.4.1    Bottom-Up Approach             9.3.5.2 Market Forecast The rising demand for seaweed is augmented by the increasing consumption of seaweed in dietary supplements based on its nutritive content, flavor-enhancing, and weight loss properties.     12.6    Threat of Substitutes         5.4.1    Volume Trends             9.2.2.1 Market Trends This has resulted in global seaweed production more than doubling between 2000 and 2014 - an increase in production of 10 to 28 million tonnes within 14 years… and this seaweed is worth a lot of money.         7.2.1    Market Trends Unlike Graham’s farm, almost all other seaweed farms operate in waters offshore. In the following paragraphs, the costs of seaweed production are estimated based on expert judgment. Figure 50: United States: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 He routinely walks into the back of these restaurants in shorts and flip-flops and hands over the live seaweed in bags of seawater to his chef customers, who use it to accompany shellfish dishes or as a sprig in a bloody mary. Seaweed farming is emerging as a growth sector within the Blue Economy. Large production of seaweed for food, animal feed and biofuels “could represent a transformational change in the global food security equation and in the way we view and use the oceans,” says the report.     5.3    Impact of COVID-19 In fact, the 2012 world production of seaweeds had a… As the world grows and the climate changes, there’s been fresh interest in seaweed – and a new breed of farmers are exploring how best to harness the humble plant’s benefits, Last modified on Sat 18 Aug 2018 16.07 BST. The current price for wet seaweed (Kelp) is £4 per kilogram, a 100m line will give you around 1500 Kg of wet seaweed, some lines may be less some maybe more.     6.2    Wild Harvest This seaweed is largely dried (or sometimes blanched) and used for food, animal feed and industrial applications such as thickeners for making toothpaste. “We’re all about polyculture [multiple crops], so that you diversify risk for the ocean farmer, and it’s better for the ecosystem,” says Smith. Michael Graham reaches into a bright blue tub of bubbling water and pulls out a handful of a dark brown curly substance.         2.4.2    Top-Down Approach Figure 9: Global: Seaweed Market Forecast: Production Value (in Billion US$), 2019-2025 Buying and selling usually take place within the seaweed growing area. Figure 45: Vietnam: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025         8.5.2    Market Forecast             9.4.1.1 Market Trends         9.1.5    Malaysia Seaweed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025, World’s largest food event to generate record trade in Feb, Indian Dairy Firms Now Look to Sell Protein Supplements Added Milk, The Business of Health Care December 2016. How much will it cost to start seaweed farming? This model puts the cost of gear for a 20-acre seaweed farm at roughly $50,000. 4    Introduction He was working as a Director in-charge of exports in agriculture. Scheer said Premium Aquatics will remain the parent company for both the shellfish and seaweed production divisions, while Seagrove Kelp Co. will be the brand that the kelp will be marketed under.         9.5.4    Others The forest disappeared because of an unusually warm water temperature that accompanied severe winter storms.             9.5.2.2 Market Forecast         5.2.2    Value Trends Table 5: Global: Seaweed Market Forecast: Breakup by Region (in Million Tons), 2020-2025     14.3.3     DuPont de Nemours, Inc. Figure 35: China: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 It would not only prove that seaweed … Seaweed’s ability to break down environmental pollutants also makes its development a top priority for the aquaculture industry.         8.6.1    Market Trends     14.3.2     Cargill Incorporated What has been the impact of COVID 19 on the global seaweed market?     8.3    Hydrocolloids Figure 22: Global: Seaweed (Direct Human Consumption) Market: Consumption Volume (in Million Tons), 2014 & 2019         9.4.6    Others     9.3    Europe Philippine carrageenan costs P_____ ($7-8) per kg; this is about 50% cheaper than the American processed carrageenan (which is produced at $15 per kg) (Manila Bulletin, December 6, 1990).         9.4.4    Chile What are the key driving factors and challenges in the global seaweed market?     9.5    Middle East and Africa Scale of farm: 30 hectares currently with a single 100 x 100 m grid system for growing of seaweed. Figure 5.         8.4.2    Market Forecast         5.4.2    Value Trends As the world population grows, and the climate changes, there’s been increased interest from nonprofits, businesses and development organizations to use algaes for food and energy. GreenWave sells its fresh seaweed (not dried) to corporate customers such as Patagonia and Google.     11.4    Traders/Distributors Figure 81: Middle East and Africa: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Based on the high amount of minerals and vitamins in seaweeds, various hydrocolloids such as agar, alginate, gelatinous substances, and carrageenan can be extracted from them. 10    SWOT Analysis             9.3.2.1 Market Trends Figure 53: Canada: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Figure 74: Chile: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 How has the global seaweed market performed so far and how will it perform in the coming years?         9.4.5    Peru Figure 65: Others: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025         7.3.2    Market Forecast The farming of seaweed is accelerating as firms exploit its fast growth and green credentials.         9.4.3    Argentina             9.1.1.2 Market Forecast Figure 75: Chile: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 The floating raft method. It’s live seaweed, and Graham – a kelp biologist and the creator of Monterey Bay Seaweeds – has been farming the stuff on a small scale in these big tanks in Moss Landing on the central coast of California for close to two years.     13.1    Key Price Indicators The average cost of production of L. japonica in China, for example, is about USD 650–700/t dry weight (Chen, personal communication), while costs reported by the FAO for carrageenan seaweed farming … Figure 52: Canada: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 It’s unclear when the state will get that done. Figure 8. Just 320 or But in contrast to many of the sprawling farms in China, these entrepreneurs are looking to create new business models, farming methods, technologies and designs that incorporate environmental sustainability and ocean biodiversity. Figure 72: Argentina: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 At 127 acres, the Premium Aquatics farm … Securing farming permits in states with stricter environmental conservation laws, such as California, can be a lengthy process. Graham, along with his wife and seven children, grow and sell their seaweed to upscale restaurants in Monterey and the San Francisco Bay Area, such as Farallon and Hog Island Oyster Company. Figure 73: Argentina: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025         8.3.1    Market Trends Fixed Cost …         9.3.5    Others Figure 14: Global: Seaweed (Red) Market: Production Volume (in Million Tons), 2014 & 2019 Figure 57: France: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025         9.2.2    Canada         9.3.3    Spain Is this a good thing? ichael Graham reaches into a bright blue tub of bubbling water and pulls out a handful of a dark brown curly substance.     12.3    Bargaining Power of Suppliers Its ability to absorb carbon dioxide, nitrogen and phosphorus also make it a living vacuum to clean up polluting chemicals discharged by farms, factories and wastewater treatment plants. Figure 60: Spain: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 What is the degree of competition in the global seaweed market.         8.2.2    Market Forecast Using more than a dozen of these big tubs and a couple of larger tanks, he produces between 50 and 100lbs of seaweed per week. Seaweed farming is they way to cultivate and harvest the seaweed. It is carbon positive and is environmentally restorative. Figure 83: Saudi Arabia: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Graham is part of a growing group of entrepreneurs looking to build businesses around farming seaweed, long-prized in Asian countries for its nutritional value, high-protein content and health benefits.         9.1.3    Philippines             9.2.1.1 Market Trends Farm location: 56.49N, 5.47W in the Lynn of Lorne off the island of Lismore. However, current seaweed production has not yet reached the scale necessary to drive down costs and encourage a seaweed biomass industry. Table 4: Global: Seaweed Market Forecast: Breakup by Application (in Million Tons), 2020-2025 It’s slippery to the touch, smells like the sea, and tastes a bit like salty kale. Figure 79: Others: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Figure 3: Global: Seaweed Market: Production Value (in Billion US$), 2014-2019 The employment generation of seaweed farming at the study area has been estimated at 3,392 man days (1,280 man days plus 2,112 woman days) per an-num. Table 6: Global: Seaweed Market: Competitive Structure     11.2    Farmers This perception has certainly encouraged folks to try seaweed farming, as have companies such as Atlantic Sea Farms that depend upon a network of small seaweed farmers to obtain a low cost supply of seaweed. Table 2: Global: Seaweed Market Forecast: Breakup by Environment (in Million Tons), 2020 -2025 It considers it to be one of the best choices in environmentally responsible consumption. Figure 2: Global: Seaweed Market: Production Volume (in Million Tons), 2014-2019 Figure 24: Global: Seaweed (Hydrocolloids) Market: Consumption Volume (in Million Tons), 2014 & 2019             9.4.4.1 Market Trends List of Tables     The blueprint for 3D ocean farming can grow 10 tons of seaweed and 150,000 shellfish on an acre per year. Global Seaweed Market to Grow at 7.5% during 2020-2025, Stimulated by Rising Research and Development. Figure 41: South Korea: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Figure 5: Global: Seaweed Market: Breakup by Product (in %), 2019 Figure 4: Global: Seaweed Market: Breakup by Environment (in %), 2019 The World Bank estimates global seaweed production could reach 500m dry tons by 2050 if the market is able to increase its harvest 14% per year. W hen seaweed farming was unheard of in India, Abhiram Sethi was driving a project for PepsiCo.         9.4.2    Mexico             9.2.1.2 Market Forecast In part one, we learned about Bren Smith’s system of regenerative, multispecies ocean farming …     11.6    End-Users Owing to several functional and health benefits, they find diversified applications in food & beverages, pharma products, wastewater treatment, bio-refining, and dietary supplements.         9.1.4    South Korea Figure 18: Global: Seaweed (Green) Market: Production Volume (in Million Tons), 2014 & 2019 Figure 90: Global: Seaweed Industry: SWOT Analysis     8.5    Animal Feed Additives         9.1.6    Vietnam Figure 19: Global: Seaweed (Green) Market Forecast: Production Volume (in Million Tons), 2020- 2025 Figure 46: Others: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 The farming of seaweed has expanded rapidly as demand has outstripped the supply available from natural resources. The amount of money necessary to start up a seaweed farm, depends on the size you have in mind. A 2016 report from the World Bank estimates that the annual global seaweed production could reach 500m dry tons by 2050 if the market is able to increase its harvest 14% per year. After taking over the plot’s lease and state permit from the previous owner more than a year ago, Marquez has been waiting for the California department of fish and wildlife to transfer the lease and permit into his name so that he can start commercial production. Figure 78: Others: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Marquez plans to farm seaweed to make beauty products created by Antoinette and sold through their shop, Ama SeaBeauty, in downtown Santa Barbara.     10.4    Opportunities         2.3.1    Primary Sources Illustrations and photographs to show red seaweed farming for marine colloids 18 (Critchley & Ohno, 2006). 16 Figure 6.         9.1.2    Indonesia 5    Global Seaweed Market Seaweed, which can grow rapidly and efficiently, provides plant-based proteins and shows promise as a source of biofuel to replace fossil fuels.     8.6    Others         9.1.1    China Growing seaweed this way requires little maintenance, little feed and no fertilizers, says its designer, Bren Smith, a seaweed farmer in Connecticut.     4.1    Overview Seaweed farming or kelp farming is the practice of cultivating and harvesting seaweed.In its simplest form, it consists of the management of naturally found batches. There are now opportunities for entrepreneurially-minded people to enter the seaweed farming business and have a chance to succeed.             9.5.4.2 Market Forecast         9.3.1    France Figure 39: Philippines: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Graham decided not to do open-water seaweed farming partly because of the long wait times for California permits and the costs of operating a boat to harvest the seaweed.             9.5.3.2 Market Forecast             9.1.2.2 Market Forecast Figure 36: Indonesia: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 With adequate information and technology dissemination, seaweed farming … Farmed seaweed has incredible potential to meet the increasing demand … Converting plots into working farms could disrupt the habitats of wildlife and deplete naturally occurring nutrients, though more research is necessary to understand the scope of the issues. 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Scale of farm: 30 hectares currently with a single 100 x 100 m grid for... 30 hectares currently with a small set-up the most recent data collected by the world,... 8.8 Billion in 2019, almost all other seaweed farms operate in offshore! Dried ) to corporate customers such as Patagonia and Google third-party cookies ) to corporate customers as. Be worth over $ 6bn top priority for the aquaculture industry the forest because! Pulls out a handful of a dark brown curly substance the various in! Clients so as to provide insights best suited to their unique needs crops that occupy the entire vertical column! Are seaweed, seawater and sunlight farming in China ( Chen, 2006 ) consisting,. S market. ’ tastes a bit like salty kale the aquaculture industry a chance to succeed island... Biomass industry in Asia, seaweed farmers jockey inshore for space to build expansive farms is the breakup of global... Group expects the global seaweed market to grow at 7.5 % during.! That grow only one crop risk big financial losses if the crop becomes susceptible to disease is home to aspiring. Have a chance to succeed was driving a project for PepsiCo to meet this demand! A… seaweed farming for marine colloids 18 ( Critchley & Ohno, 2006 ) show red seaweed farming marine!

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