06.26.2020
The Island Institute of Rockport Maine identified edible seaweed aquaculture as a growth industry presenting Maine participants with the potential to expand within a profitable domestic marketplace. To explore and evaluate this opportunity the Island Institute engaged Pentallect Inc. and Economic & Policy Resources Inc. to complete a comprehensive market analysis report on the edible seaweed opportunity in Maine.
Maine’s edible seaweed aquaculture industry is in its relative infancy with a limited set of harvesters and processors investing to build capacity develop products establish distribution channels and create consumer demand. There is significant interest among existing and potential new entrants to expand Maine’s farmed edible seaweed industry infrastructure and scale. This report documents the size and nature of the opportunity over a fifteen-year planning horizon identifies the requirements for success and estimates the potential economic impact of the farmed edible seaweed industry on Maine participants and the state’s overall economy.
For a full copy of the report contact Island Institute. http://www.islandinstitute.org/
