cost of seaweed farming

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.     10.2    Strengths There are now opportunities for entrepreneurially-minded people to enter the seaweed farming business and have a chance to succeed.         9.5.4    Others             9.3.4.2 Market Forecast If the seaweed was dried it would …             9.1.2.1 Market Trends     10.4    Opportunities 8    Market Breakup by Application             9.4.2.1 Market Trends     14.3.7     Qingdao Gather Great Ocean Algae Industry Group (GGOG) ( India: +91-120-433-0800 ).             9.3.2.2 Market Forecast Environmentalists are also concerned that farms that grow only one crop risk big financial losses if the crop becomes susceptible to disease. It’s slippery to the touch, smells like the sea, and tastes a bit like salty kale.         2.3.2    Secondary Sources     10.5    Threats Figure 43: Malaysia: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 At 127 acres, the Premium Aquatics farm …     14.3    Profiles of Key Players Marquez is among a network of seaweed farmers, mostly on the east coast, who are advocates of using a system called 3D ocean farming, which grows seaweed and shellfish together on long vertical floating ropes. 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).             9.4.1.1 Market Trends             9.5.3.2 Market Forecast However, current seaweed production has not yet reached the scale necessary to drive down costs and encourage a seaweed biomass industry.     12.6    Threat of Substitutes 13    Price Indicators Unlike Graham’s farm, almost all other seaweed farms operate in waters offshore.             9.1.3.2 Market Forecast About 250 miles south of Graham’s farm, near Santa Barbara, Daniel Marquez stands on a cliff above a rocky beach and points out to a 25-acre plot of seascape where he and his wife, Antoinette, intend to farm seaweed through an open-sea system.             9.1.6.1 Market Trends     5.1    Market Overview Figure 50: United States: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 39: Philippines: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 The amount of money necessary to start up a seaweed farm, depends on the size you have in mind. Production stages for the farming …     6.1    Aquaculture             9.2.2.1 Market Trends     11.5    Retailer         7.2.2    Market Forecast Figure 2: Global: Seaweed Market: Production Volume (in Million Tons), 2014-2019 For further information review our Privacy Policy. Table 6: Global: Seaweed Market: Competitive Structure Michael Graham reaches into a bright blue tub of bubbling water and pulls out a handful of a dark brown curly substance. Figure 23: Global: Seaweed (Direct Human Consumption) Market Forecast: Consumption Volume (in Million Tons), 2020 – 2025         7.3.1    Market Trends “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. Next to the ocean plot, a pod of dolphins swim by, and overhead flock after flock of pelicans fly. 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. A costs-and-returns analysis is found next page. Seaweeds or macroalgae refer to several species of macroscopic, multicellular, and marine algae that … 9    Market Breakup by Region Add lease fees, seed expense, and labor costs, and the average farm would lose money, excluding capital costs, unless it …         9.5.2    United Arab Emirates 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 81: Middle East and Africa: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Figure 87: South Africa: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025         5.2.2    Value Trends Figure 29: Global: Seaweed (Animal Feed Additives) Market Forecast: Consumption Volume (in Million Tons), 2020 – 2025     5.4    Market Forecast As a fourth-generation Santa Barbara native, Marquez says there used to be a naturally occurring kelp forest that ran along the west coast “the size of the 101 freeway”. Is this a good thing?         5.4.2    Value Trends             9.5.4.1 Market Trends     13.2    Price Structure Figure 44: Vietnam: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019     12.4    Degree of Competition     12.5    Threat of New Entrants Table 4: Global: Seaweed Market Forecast: Breakup by Application (in Million Tons), 2020-2025 The GreenWave network has 10 farmers today, and Smith says he aims to increase the membership to 25 by next year.         9.4.5    Peru Figure 66: Latin America: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 27: Global: Seaweed (Fertilizers) Market Forecast: Consumption Volume (in Million Tons), 2020 – 2025 It would not only prove that seaweed … Figure 70: Mexico: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019         8.1.2    Market Forecast     11.1    Input Supplier 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. Scale of farm: 30 hectares currently with a single 100 x 100 m grid system for growing of seaweed.         9.1.1    China This model puts the cost of gear for a 20-acre seaweed farm at roughly $50,000. Figure 46: Others: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Still, California is home to many aspiring seaweed growers. Figure 15: Global: Seaweed (Red) Market Forecast: Production Volume (in Million Tons), 2020 - 2025 What is the breakup of the global seaweed market based on the application? The article is part two of a two-part series on ocean aquaculture.         6.1.2    Market Forecast 6    Market Breakup by Environment Figure 79: Others: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Seaweed farming in China (Chen, 2006). Fixed Cost …         9.4.4    Chile     14.3.2     Cargill Incorporated Figure 51: United States: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 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. Farmed seaweed has incredible potential to meet the increasing demand …             9.4.3.1 Market Trends             9.4.5.2 Market Forecast     9.2    North America     12.2    Bargaining Power of Buyers Most of the sprawling Asian farms use the upper part of the water column and only growing one kind of seaweed.         8.2.1    Market Trends         9.1.6    Vietnam         8.3.2    Market Forecast Initial investment in a 0.1 ha farm is as little as P 4,000 (com­ puted in 1997) and the first crop costs P1,500.             9.5.1.2 Market Forecast Figure 60: Spain: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019             9.5.1.1 Market Trends Table 3: Global: Seaweed Market Forecast: Breakup by Product (in Million Tons), 2020-2025 Table 1: Global: Seaweed Market: Key Industry Highlights, 2019 and 2025 The forest disappeared because of an unusually warm water temperature that accompanied severe winter storms. Seaweed farming is they way to cultivate and harvest the seaweed.     10.3    Weaknesses Figure 82: Saudi Arabia: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 The Food and Agriculture Organization of the United Nations recently reported that world aquaculture production of aquatic algae in 2012 totaled 23.8 million tonnes, for a value of US $6.4-billion.     8.1    Processed Foods We suggest you start your farming activity with a small set-up.         2.3.1    Primary Sources         9.3.1    France             9.5.4.2 Market Forecast Converting plots into working farms could disrupt the habitats of wildlife and deplete naturally occurring nutrients, though more research is necessary to understand the scope of the issues. Figure 47: Others: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 How has the global seaweed market performed so far and how will it perform in the coming years? Todd quickly realized that the nascent farmed seaweed … Figure 92: Global: Seaweed Industry: Porter’s Five Forces Analysis Figure 37: Indonesia: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 The competitive landscape of the industry has also been examined with some of the key players being Acadian Seaplants Limited, Cargill Incorporated, DuPont de Nemours, Inc., Irish Seaweeds, Leili, Mara Seaweeds, Qingdao Gather Great Ocean Algae Industry Group (GGOG), etc.         9.4.6    Others         9.5.1    Saudi Arabia Figure 3: Global: Seaweed Market: Production Value (in Billion US$), 2014-2019         2.4.2    Top-Down Approach             9.2.2.2 Market Forecast There’s a major startup cost for creating the farm, however. *As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic. Seaweed has a whole range of uses, and demand has increased all over the world during the last half-century. Figure 12: Global: Seaweed (Wild Harvest) Market: Production Volume (in Million Tons), 2014 & 2019 Figure 14: Global: Seaweed (Red) Market: Production Volume (in Million Tons), 2014 & 2019 Seaweed’s ability to break down environmental pollutants also makes its development a top priority for the aquaculture industry. What are the various stages in the value chain of the global seaweed industry? 10    SWOT Analysis     8.3    Hydrocolloids Once the farms are in the water they can be reused year on year.             9.3.2.1 Market Trends         8.4.1    Market Trends The farming of seaweed is accelerating as firms exploit its fast growth and green credentials. Fish farming … 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.             9.3.5.2 Market Forecast 12    Porters Five Forces Analysis     8.5    Animal Feed Additives         8.2.2    Market Forecast             9.4.5.1 Market Trends 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. There’s a major startup cost for creating the farm, however.             9.5.3.1 Market Trends             9.4.4.2 Market Forecast 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 25: Global: Seaweed (Hydrocolloids) Market Forecast: Consumption Volume (in Million Tons), 2020 - 2025 Figure 10: Global: Seaweed (Aquaculture) Market: Production Volume (in Million Tons), 2014 & 2019 What is the degree of competition in the global seaweed market. Figure 75: Chile: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 List of Tables     Figure 41: South Korea: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Figure 61: Spain: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Wild stocks are limited, so seaweeds have been cultivated instead. The only things that go into the tubs are seaweed, seawater and sunlight. Figure 19: Global: Seaweed (Green) Market Forecast: Production Volume (in Million Tons), 2020- 2025         9.1.7    Others             9.4.4.1 Market Trends Figure 4: Global: Seaweed Market: Breakup by Environment (in %), 2019 Figure 5. How much will it cost to start seaweed farming?         9.5.3    South Africa Figure 89: Others: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 ( UK: +44-702-409-7331 ) Figure 26: Global: Seaweed (Fertilizers) Market: Consumption Volume (in Million Tons), 2014 & 2019 Figure 32: Asia Pacific: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 56: France: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 59: Italy: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Figure 22: Global: Seaweed (Direct Human Consumption) Market: Consumption Volume (in Million Tons), 2014 & 2019             9.1.5.2 Market Forecast GreenWave sells its fresh seaweed (not dried) to corporate customers such as Patagonia and Google.             9.4.1.2 Market Forecast             9.3.3.1 Market Trends 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.     9.3    Europe             9.3.5.1 Market Trends 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. 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 … Furthermore, the increasing investments in several R&D activities, coupled with the rising consumer awareness towards diversified applications of seaweed, are anticipated to catalyze the global seaweed market in the coming years. Figure 58: Italy: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 8: Global: Seaweed Market Forecast: Production Volume (in Million Tons) 2020-2025 There are also personnel and transport costs associated with building, maintaining, harvesting and transporting the seaweed… Global Seaweed Market to Grow at 7.5% during 2020-2025, Stimulated by Rising Research and Development. Figure 6: Global: Seaweed Market: Breakup by Application (in %), 2019 100% of the investment will go to the materials that make the farm: ropes, barrels, anchors and also for the seaweed spores. GreenWave estimates that a farmer could generate around $37,000 in profit per year by producing 10 tons of kelp and 150,000 shellfish per acre. Marquez designed GreenWave’s seaweed hatchery, and he’s the first west coast farmer to belong to GreenWave’s farming network. It is a part of aquaculture and the farming has been regularly developed in many countries including China, Korea, Japan, and other …         6.2.2    Market Forecast Figure 65: Others: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Figure 62: Russia: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 Figure 36: Indonesia: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 A.         9.1.5    Malaysia Figure 91: Global: Seaweed Industry: Value Chain Analysis     11.6    End-Users     7.1    Red They currently harvest seaweed from the wild.             9.5.2.2 Market Forecast For around $20,000 and a boat (which can greatly vary in price), farmers can get up and running and start out putting seaweed lines in the water. Figure 53: Canada: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 It’s live seaweed, and Graham – a kelp biologist and the creator of Monterey Bay Seaweeds – has been farming the stuff on a small scale in these big tanks in Moss Landing on the central coast of California for close to two years.     4.2    Key Industry Trends Figure 45: Vietnam: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Figure 11: Global: Seaweed (Aquaculture) Market Forecast: Production Volume (in Million Tons), 2020 - 2025 enhance our services. The global seaweed market reached a production value of US$ 8.8 Billion in 2019. Figure 85: United Arab Emirates: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 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.     4.1    Overview 3    Executive Summary             9.5.2.1 Market Trends             9.3.1.1 Market Trends Seaweeds or macroalgae refer to several species of macroscopic, multicellular, and marine algae that grow in oceans, sea, lakes, rivers, and other water bodies.             9.2.1.1 Market Trends What has been the impact of COVID 19 on the global seaweed market? Figure 69: Brazil: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025         9.4.2    Mexico             9.1.5.1 Market Trends Todd started farming seaweed in 2016, creating a kelp farm off Yarmouth, ME. 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. Farm location: 56.49N, 5.47W in the Lynn of Lorne off the island of Lismore. Figure 49: North America: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Figure 63: Russia: Seaweed Market Forecast: Production Volume (in Million Tons), 2020 – 2025 Figure 34: China: Seaweed Market: Production Volume (in Million Tons), 2014 & 2019 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.

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