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Vivek Prasad |
Posted Spotlight on Innovation in Republic of Korea's Seaweed Sector: Entrepreneurial Startups Expand into Global Markets on Calendar
https://worldbankgroup.zoom.us/j/99745490780?pwd=cEgyVkN2ZytKbGVIUDhkSkVxUS9YZz09 Meeting ID: 997 4549 0780 Passcode: H!eZSxdGV6 The seaweed sector is brimming with untapped potential that extends far beyond its current primary uses as food, aquaculture feed, and hydrocolloids. The World Bank Global Seaweed New and Emerging Markets Report 2023 estimates the growth potential across 10 emerging seaweed markets could be up to US $11.8 billion by 2030. In particular, seaweed may have the potential to play a more substantial role in biodegradable packaging, a market that is projected by India-based Mordor Intelligence to grow from US $105.26 billion in 2024 to US $140.66 billion by 2029, at a compound annual growth rate (CAGR) of 5.97%. The World Bank projects a 36 percent CAGR on seaweed-based meat and seafood alternatives, which will add $448 million between 2022 and 2030. This was estimated to be worth $10.2 billion in 2022. The Republic of Korea has soared to the top of the seaweed private sector ranking capturing a 70.6% share of the global dried seaweed market valued at $918 million. Korea is also at the forefront of a transformative wave in the realm of sustainable innovations, with startup companies pioneering the exploration of seaweed's extensive potential. This webinar draws inspiration from the country’s successes and will highlight significant growth opportunities and innovative applications in new regions. It is designed to promote private sector growth and strengthen collaboration between the private and public sectors. In this webinar we will be joined by three private sector innovators that have received support from the government of the Republic of Korea to develop seaweed enterprises. The Korea Institute of Marine Science & Technology Promotion (KIMST), a public organization governed by the Ministry of Oceans and Fisheries, is providing phase-specific startup support and cultivating an innovative ecosystem for entrepreneurs in the marine industry. Two enterprises, SeaWith and HN Novatech are offering healthier alternatives to meat consumption, promoting a more sustainable, health-conscious food system. Lastly, we will hear from Marine Innovation, which produces biodegradable plates made from seaweed, providing an innovative eco-friendly dining solution that minimizes waste and enhances environmental awareness.
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19 days ago |
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Vivek Prasad |
Updated Spotlight on Innovation in Republic of Korea's Seaweed Sector: Entrepreneurial Startups Expand into Global Markets on Calendar
https://worldbankgroup.zoom.us/j/99745490780?pwd=cEgyVkN2ZytKbGVIUDhkSkVxUS9YZz09 Meeting ID: 997 4549 0780 Passcode: H!eZSxdGV6 The seaweed sector is brimming with untapped potential that extends far beyond its current primary uses as food, aquaculture feed, and hydrocolloids. The World Bank Global Seaweed New and Emerging Markets Report 2023 estimates the growth potential across 10 emerging seaweed markets could be up to US $11.8 billion by 2030. In particular, seaweed may have the potential to play a more substantial role in biodegradable packaging, a market that is projected by India-based Mordor Intelligence to grow from US $105.26 billion in 2024 to US $140.66 billion by 2029, at a compound annual growth rate (CAGR) of 5.97%. The World Bank projects a 36 percent CAGR on seaweed-based meat and seafood alternatives, which will add $448 million between 2022 and 2030. This was estimated to be worth $10.2 billion in 2022. The Republic of Korea has soared to the top of the seaweed private sector ranking capturing a 70.6% share of the global dried seaweed market valued at $918 million. Korea is also at the forefront of a transformative wave in the realm of sustainable innovations, with startup companies pioneering the exploration of seaweed's extensive potential. This webinar draws inspiration from the country’s successes and will highlight significant growth opportunities and innovative applications in new regions. It is designed to promote private sector growth and strengthen collaboration between the private and public sectors. In this webinar we will be joined by three private sector innovators that have received support from the government of the Republic of Korea to develop seaweed enterprises. The Korea Institute of Marine Science & Technology Promotion (KIMST), a public organization governed by the Ministry of Oceans and Fisheries, is providing phase-specific startup support and cultivating an innovative ecosystem for entrepreneurs in the marine industry. Two enterprises, SeaWith and HN Novatech are offering healthier alternatives to meat consumption, promoting a more sustainable, health-conscious food system. Lastly, we will hear from Marine Innovation, which produces biodegradable plates made from seaweed, providing an innovative eco-friendly dining solution that minimizes waste and enhances environmental awareness.
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19 days ago |
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Vivek Prasad |
Updated Spotlight on Innovation in Republic of Korea's Seaweed Sector: Entrepreneurial Startups Expand into Global Markets on Calendar
https://worldbankgroup.zoom.us/j/99745490780?pwd=cEgyVkN2ZytKbGVIUDhkSkVxUS9YZz09 Meeting ID: 997 4549 0780 Passcode: H!eZSxdGV6 The seaweed sector is brimming with untapped potential that extends far beyond its current primary uses as food, aquaculture feed, and hydrocolloids. The World Bank Global Seaweed New and Emerging Markets Report 2023 estimates the growth potential across 10 emerging seaweed markets could be up to US $11.8 billion by 2030. In particular, seaweed may have the potential to play a more substantial role in biodegradable packaging, a market that is projected by India-based Mordor Intelligence to grow from US $105.26 billion in 2024 to US $140.66 billion by 2029, at a compound annual growth rate (CAGR) of 5.97%. The World Bank projects a 36 percent CAGR on seaweed-based meat and seafood alternatives, which will add $448 million between 2022 and 2030. This was estimated to be worth $10.2 billion in 2022. The Republic of Korea has soared to the top of the seaweed private sector ranking capturing a 70.6% share of the global dried seaweed market valued at $918 million. Korea is also at the forefront of a transformative wave in the realm of sustainable innovations, with startup companies pioneering the exploration of seaweed's extensive potential. This webinar draws inspiration from the country’s successes and will highlight significant growth opportunities and innovative applications in new regions. It is designed to promote private sector growth and strengthen collaboration between the private and public sectors. In this webinar we will be joined by three private sector innovators that have received support from the government of the Republic of Korea to develop seaweed enterprises. The Korea Institute of Marine Science & Technology Promotion (KIMST), a public organization governed by the Ministry of Oceans and Fisheries, is providing phase-specific startup support and cultivating an innovative ecosystem for entrepreneurs in the marine industry. Two enterprises, SeaWith and HN Novatech are offering healthier alternatives to meat consumption, promoting a more sustainable, health-conscious food system. Lastly, we will hear from Marine Innovation, which produces biodegradable plates made from seaweed, providing an innovative eco-friendly dining solution that minimizes waste and enhances environmental awareness.
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19 days ago |
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Vivek Prasad |
Posted Strengthening the Seaweed Value Chain- Successes of the Republic of Korea in the Global Seaweed Market on Calendar
https://worldbankgroup.zoom.us/j/95702588202?pwd=TFduRXBXMTZSaGE3VDVVSndiejBBZz09 Meeting ID: 957 0258 8202 Wednesday, March 13, 2024 II 6:00-7:30 a.m. EST (Washington, D.C.) The Republic of Korea ranks first in the world with a 70.6% share of the global dried seaweed market, which is valued at $918 million dollars. Seaweed Production in the country increased an average of 7.1% a year from 370,000 tons in 2000 to 1.73 million tons in 2022. Exports have grown at an average annual rate of 8% over the past 10 years, while the number of importing countries almost doubled from 64 in 2010 to 124 in 2023. The scale of this success shows the tremendous benefits of strategic management of the seaweed value chain, shining a spotlight on exemplary production, distribution, marketing and export strategies for other countries seeking to expand into the sector.
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48 days ago |
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Vivek Prasad |
Updated Webinar: Catalyzing Seaweed Aquaculture: Perspectives from the Republic of Korea on Calendar
Webinar link: https://worldbankgroup.zoom.us/j/97024190241?pwd=Z2kwT3RkTk9HaWNjZy96aSs3amt5Zz09 The Republic of Korea is a powerful leader at the forefront of global seaweed production especially food grade seaweed, providing a model for other governments seeking to expand into the sector. AGENDA Seaweed production technology and governance in Wando County Question and Answer
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Feb 06 2024, 10:58 AM |
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Vivek Prasad |
Posted Webinar: Catalyzing Seaweed Aquaculture: Perspectives from the Republic of Korea on Calendar
Webinar link: https://worldbankgroup.zoom.us/j/97024190241?pwd=Z2kwT3RkTk9HaWNjZy96aSs3amt5Zz09 The Republic of Korea is a powerful leader at the forefront of global seaweed production especially food grade seaweed, providing a model for other governments seeking to expand into the sector. AGENDA Seaweed production technology and governance in Wando County Question and Answer
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Feb 06 2024, 10:58 AM |
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Vivek Prasad |
Posted FAO-WBG SPECIAL DAY, WAS AFRICA 2023, Session 3: Financing African Aquaculture on Documents
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Dec 08 2023, 9:41 AM |
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Vivek Prasad |
Updated FAO-WBG SPECIAL DAY, WAS AFRICA 2023, Session 3: Financing African Aquaculture on Documents
Financing African aquaculture is one of the clear bottlenecks for the sustainable expansion of the sector in this continent. Limited access to credits and appropriate business planning and development skills are locking the growth of a sector that is key for poverty alleviation, food and nutrition security and job creation in Africa. At this session, the FISH4ACP team presented a general overview of the program on value adding, GEF shared information about current and future financial opportunities for African aquaculture, the World Bank facilitated information about the financing instruments and Advisory Platforms promoting sustainable expansion of the aquaculture sector in Africa, including the AquaInvest Platform. IFC also shared his role in the food production sector in the continent. Rohana Subasinghe from FutureFish provided key aspects related to the successful establishment of Private-Public Partnerships, including some illustrative examples, and the African Development Bank presented a regional initiative for financing aquaculture managed by SADC.
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Dec 08 2023, 9:41 AM |
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Vivek Prasad |
Updated FAO-WBG SPECIAL DAY, WAS AFRICA 2023, Session 3: Financing African Aquaculture on Documents
Financing African aquaculture is one of the clear bottlenecks for the sustainable expansion of the sector in this continent. Limited access to credits and appropriate business planning and development skills are locking the growth of a sector that is key for poverty alleviation, food and nutrition security and job creation in Africa. At this session, the FISH4ACP team presented a general overview of the program on value adding, GEF shared information about current and future financial opportunities for African aquaculture, the World Bank facilitated information about the financing instruments and Advisory Platforms promoting sustainable expansion of the aquaculture sector in Africa, including the AquaInvest Platform. IFC also shared his role in the food production sector in the continent. Rohana Subasinghe from FutureFish provided key aspects related to the successful establishment of Private-Public Partnerships, including some illustrative examples, and the African Development Bank presented a regional initiative for financing aquaculture managed by SADC.
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Dec 08 2023, 9:41 AM |
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Vivek Prasad |
Updated FAO-WBG SPECIAL DAY, WAS AFRICA 2023, Session 3: Financing African Aquaculture on Documents
Financing African aquaculture is one of the clear bottlenecks for the sustainable expansion of the sector in this continent. Limited access to credits and appropriate business planning and development skills are locking the growth of a sector that is key for poverty alleviation, food and nutrition security and job creation in Africa. At this session, the FISH4ACP team presented a general overview of the program on value adding, GEF shared information about current and future financial opportunities for African aquaculture, the World Bank facilitated information about the financing instruments and Advisory Platforms promoting sustainable expansion of the aquaculture sector in Africa, including the AquaInvest Platform. IFC also shared his role in the food production sector in the continent. Rohana Subasinghe from FutureFish provided key aspects related to the successful establishment of Private-Public Partnerships, including some illustrative examples, and the African Development Bank presented a regional initiative for financing aquaculture managed by SADC.
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Dec 08 2023, 9:41 AM |