Australian Seaweed: A $1.5 billion blue economy opportunity
AgriFutures Australia has released an Australian Seaweed Industry Blueprint that outlines plans for a $1.5 billion Australian seaweed industry that could employ 9,000 people and reduce greenhouse gas emissions by 10%.
The Australian seaweed industry is making waves, with plans to be a $100 million plus industry in the next five years. Investors and entrepreneurs are lining up to get involved in seaweed to make money and make a difference by reducing emissions, improving ocean health and creating jobs in regional areas. For current seaweed producers, the Blueprint offers the foundations needed to mobilise industry development and realise the opportunities in sight.
“Seaweed offers a huge opportunity for Australia’s blue economy development with the global seaweed market projected at $30 billion by 2025. Australia has no commercial scale seaweed ocean farms and no industry development plan, but rapid change is on the horizon,” says Jo Kelly, CEO of the Australian Seaweed Institute and lead author of the Australian Seaweed Industry Blueprint.
“We’ve consulted with industry and identified a $100 million plus opportunity for seaweed over the next five years, with potential to scale to $1.5 billion over the next 20 years. This will create thousands of jobs in regional towns and reduce Australia’s national greenhouse gas emissions significantly,” she added.
Download the Australian Seaweed Industry Blueprint – A Blueprint for Growth online: https://www.agrifutures.com.au/product/australian-seaweed-industry-blueprint-a-blueprint-for-growth/