The “Deep Green Biotech Hub 2023 White Paper” highlights the Australian algae industry’s potential across food, nutraceuticals, biofuels, and biomaterials. It identifies challenges like regulatory inconsistencies and funding gaps, while emphasizing collaboration, innovation, and a roadmap for sustainable growth aligned with Australia’s marine strengths.
Publisher: University of Technology Sydney
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
Australia’s seaweed industry shows significant potential for growth, driven by its rich biodiversity, emerging commercial applications, and focus on sustainability. Seaweed products span food, biofertilizers, cosmetics, and wastewater treatment. Barriers include regulatory challenges, market readiness, and the need for innovation in cultivation and processing.
Publisher: Switzerland Springer Nature
Author: Charu Deepika, Juliane Wolf, Navid Moheimani, Ben Hankamer, Brian von Herzen, Ambati Ranga Rao
Year: 2022
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