Why demand for seaweed is about to boom

CNBC Fisheries & Aquaculture

Why demand for seaweed is about to boom
Wolfgang Hasselmann on Unsplash

Seaweed is used in more than just sushi. It can be found in almond milk, baby food and lotion. Kelp is 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. Here’s why the global demand in seaweed is expected to boom in the coming years.



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