Global Seaweed

dc.creatorWorld Bank
dc.date2023-08-14T17:32:05Z
dc.date2023-08-14T17:32:05Z
dc.date2023-08-14
dc.date.accessioned2026-07-01T00:31:15Z
dc.descriptionWith its ability to sink carbon, sustain marine biodiversity, employ women, and unlock value chains, seaweed farming demonstrates how development, climate, and nature work together to generate value and uplift communities. Seaweed farming can help build a world free of poverty on a livable planet and has enormous growth potential. This report has identified ten global seaweed markets with the potential to grow by an additional USD 11.8 billion by 2030. Yet, much of the seaweed sector’s value remains untapped - it has clear growth potential beyond its current markets. Today, most farmed seaweed is used for direct human consumption, as fresh feed in aquaculture, or as hydrocolloids. However, seaweed-farmed products may be able to displace fossil fuels in sectors such as fabrics and plastics; can provide ecosystem services, such as carbon sequestration and nitrogen cycling; and can generate socioeconomic benefits in fragile coastal communities. Further, the market is currently dominated by a handful of Asian countries, which produce 98 percent of farmed seaweed by volume globally. Opportunities for growth in new regions and applications are high.
dc.formatapplication/pdf
dc.formattext/plain
dc.formatapplication/pdf
dc.identifierhttp://documents.worldbank.org/curated/en/099081423104548226/P175786073c14c01609fe409c202ddf12d0
dc.identifierhttps://openknowledge.worldbank.org/handle/10986/40187
dc.identifier10.1596/40187
dc.identifier.urihttp://hdl.handle.net/123456789/405162
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rightshttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.rightsWorld Bank
dc.subjectSEAWEED
dc.subjectSEAWEED PRODUCTION
dc.subjectSEAWEED MARKETS
dc.subjectECOSYSTEM SERVICES
dc.subjectBLUE CARBON
dc.subjectMETHANE REDUCTION
dc.subjectBIODIVERSITY
dc.titleGlobal Seaweed
dc.titleNew and Emerging Markets Report, 2023
dc.typeReport

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