The UNEP 2023 report highlights seaweed farming’s potential to combat climate change, enhance marine biodiversity, and support food security. It emphasizes environmental benefits like carbon sequestration and socioeconomic impacts such as income generation and gender equity, while urging solutions for regulatory gaps and sustainable scaling.
Publisher: United Nations
Author: Colette J. Fehan
Year: 2023
The World Bank 2023 Global Seaweed New and Emerging Markets Report highlights the untapped potential of the seaweed industry in addressing global challenges such as climate change, food security, and sustainable development. It identifies 10 emerging market sectors, including bioplastics, nutraceuticals, alternative proteins, and bioremediation, emphasizing the environmental and socioeconomic benefits of seaweed farming. Despite challenges like supply inconsistencies, regulatory barriers, and production costs, the report forecasts a market growth of $11.8 billion by 2030, driven by seaweed’s versatile applications and sustainability credentials. It also stresses the need for innovation, investment, and collaboration to overcome existing barriers and unlock seaweed’s full potential.
Publisher: World Bank
Author: World Bank
Year: 2023
The UNEP 2023 report highlights seaweed farming’s potential to combat climate change, enhance marine biodiversity, and support food security. It emphasizes environmental benefits like carbon sequestration and socioeconomic impacts such as income generation and gender equity, while urging solutions for regulatory gaps and sustainable scaling.
Publisher: United Nations
Author: Colette J. Fehan
Year: 2023
The report explores the financial requirements to scale up Asparagopsis production to meet the Australian feedlot industry’s demand for methane reduction. Asparagopsis, a red seaweed, reduces methane emissions in cattle by up to 98% when included in feed, making it pivotal for achieving Australia’s Carbon Neutral 2030 target. However, commercial production is still in its infancy, with estimated capital needs ranging from $132 million to $1,062 million depending on adoption and production scale. The report underscores challenges like yield variability, infrastructure costs, and market competition.
Publisher: Agrifutures Australia
Author: Alex Ball, Scott Williams, Russell Pattinson
Year: 2022
Seaweed is a versatile and resource-rich agricultural input offering solutions across multiple domains. It can serve as biostimulants, improving crop quality and stress tolerance, and as compost for enhancing soil health and productivity. In livestock fodder, it boosts animal health and productivity, with certain species like Asparagopsis significantly reducing methane emissions. Seaweed also has potential in aquaculture, serving as a cost-effective feed while improving water quality. The industry faces challenges with regulatory frameworks, limited local production, and ensuring scalability for economic viability.
Publisher: Agrifutures Australia
Author: Jane Stanley
Year: 2024
The World Bank 2023 Global Seaweed New and Emerging Markets Report highlights the untapped potential of the seaweed industry in addressing global challenges such as climate change, food security, and sustainable development. It identifies 10 emerging market sectors, including bioplastics, nutraceuticals, alternative proteins, and bioremediation, emphasizing the environmental and socioeconomic benefits of seaweed farming. Despite challenges like supply inconsistencies, regulatory barriers, and production costs, the report forecasts a market growth of $11.8 billion by 2030, driven by seaweed’s versatile applications and sustainability credentials. It also stresses the need for innovation, investment, and collaboration to overcome existing barriers and unlock seaweed’s full potential.
Publisher: World Bank
Year: 2023
The fact sheet explores the potential of the seaweed (Asparagopsis) industry in Australia to generate new revenue opportunities. Asparagopsis, a red seaweed, is celebrated for its ability to reduce methane emissions in livestock, offering significant environmental and economic benefits. However, the industry faces challenges such as scaling production, regulatory barriers, and variability in methane reduction efficacy. Opportunities include carbon sequestration, differentiated luxury products, and investments in R&D for commercialization. The study aligns with AgriFutures Australia’s strategic goals to enhance profitability, sustainability, and global competitiveness through innovative revenue streams.
Publisher: Agrifutures Australia
Author: Mike Pepperells