
Value of the global seaweed derivatives market from 2017 to 2027
The global seaweed derivatives market was valued at 2.36 billion U.S. dollars in 2019 and was projected to reach 3.9 billion U.S. dollars by 2027. Seaweeds are basically red, brown and green marine microalgae, whose extracts are used in the horticultural crops for its plant growth promoting effects.