Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Seaweed Snacks Market Size is Expected to Grow from USD 2.42 Billion in 2023 to USD 7.05 Billion by 2033, Growing at a CAGR of 11.29% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Seaweed Snacks Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Bars, Chips, Flakes, Nori Sheets, and Others), By Source (Brown Seaweed, Red Seaweed, and Green Seaweed), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Brown, green, and red seaweed are used to make the seaweed snacks. This seaweed snack contains calcium, magnesium, potassium, copper, iron, and iodine. They include a lot of fiber and vitamins A, B, and E. Seaweed snacks come in a variety of formats, such as packaged snack foods and other processed foods. Food products are made using organic ingredients, and seaweed snacks are non-GMO. Seaweed snacks are gluten-free, non-GMO, USDA-certified organic, and snack-friendly. Proteins, vitamins, minerals, and other nutrients can be found in seaweed snacks. Growing consumer demand for healthier snack options and the growing popularity of plant-based and vegan diets are the main drivers of the seaweed snacks industry. In addition to seaweed's high sustainability and renewable nature, the industry also gains from the movement toward environmentally friendly and sustainable food products. The market is driven by the creation of unique and inventive seaweed snack products and the extension of distribution networks into new markets, which presents potential. However, the production cost is significant because of the complexity of the extraction process. The market for seaweed extract is also being hindered by the demand for clean-label products.
The chips segment is expected to hold the largest market share of the global seaweed snacks market through the forecast period.
Based on the product type, the seaweed snacks market is categorized into bars, chips, flakes, nori sheets, and others. Among these, the chips segment is expected to hold the largest market share of the global seaweed snacks market through the forecast period. Owing to seaweed chips' widespread appeal and sales. Since they are low in calories and filled with vitamins, minerals, antioxidants, and fiber, these products are thought to be healthier than regular chips. Seaweed chips are lighter, healthier, and have a crunchy feel that is similar to that of their traditional cousins. Also, a greater variety of tastes are being offered, including barbecue, teriyaki, wasabi, sesame, and fusion flavors such as truffle and chili lime. In the market for seaweed snacks, these elements have contributed to an increase in sector demand.
The red seaweed segment is predicted to hold a significant market share in the global seaweed snacks market over the projected timeframe.
Based on the application, the seaweed snacks market is classified into brown seaweed, red seaweed, and green seaweed. Among these, the red seaweed segment is predicted to hold a significant market share in the global seaweed snacks market over the projected timeframe. The pigments phycocyanin and phycoerythrin offer seaweed its red color by covering other pigments such as beta-carotene, chlorophyll, and several other xanthophylls. Several red seaweed species are used commercially, including pterocladia, gracilaria, gelidium, kappaphycus, betaphycus, coralline, palmaria palmata, Chondrus crispus, and mastocarpus stellatus. Since nori sheets probably originate from red seaweed, the growing popularity of sushi will have a direct effect on the market's expansion. Rising consumer demand for red seaweed-based goods and snacks as well as increased public knowledge of the product's health advantages are predicted to fuel market growth.
The supermarkets/hypermarkets segment is anticipated to hold the highest market share of the global seaweed snacks market through the projected period.
Based on the distribution channel, the seaweed snacks market is classified into supermarkets/hypermarkets, specialty stores, convenience stores, and others. Among these, the supermarkets/hypermarkets segment is anticipated to hold the highest market share of the global seaweed snacks market through the projected period. Since it offers a wide variety of consumer goods in one location, plenty of parking, and convenient periods of operation. Furthermore, the popularity of supermarkets/hypermarkets has increased in both established and emerging nations due to factors such as rising urbanization, growth in the working class, and competitive pricing. Additionally, having store employees on hand to assist clients in selecting the best product and to share product knowledge assists the segment development.
Asia Pacific is expected to hold the largest share of the seaweed snacks market through the forecast period.
Asia Pacific is expected to hold the largest share of the seaweed snacks market through the forecast period. The ingredient has a well-established market due to widespread awareness of it and its ongoing use in a variety of regional food preparations. Seaweed is frequently used in soups, rice dishes, and sushi and has been a staple food for future generations in nations including China, Japan, South Korea, and Thailand. Products such as roasted seaweed, flavored seaweed strips, and nori sheets are very well-liked by local consumers and incorporated into regular meals, creating a steady demand for these snack foods.
North America is predicted to grow at the fastest CAGR of the seaweed snacks market over the forecast period. Seaweed is becoming more and more popular among food makers due to growing health concerns among people in the area and increased knowledge of useful ingredients. Seaweed snacks are also in high demand, especially among younger consumers, as a result of the growth of the e-commerce industry and several large retail chains, including Walmart, Kroger, and Whole Foods. The low environmental effect of seaweed farming is another crucial consideration for snacking companies aiming to attract eco-aware American and Canadian consumers.
Company Profiling
Major key players in the seaweed snacks market include Gimme Seaweed, TAOKAENOI FOOD & MARKETING PCL, Annie Chun’s, Inc., Frito-Lay North America, Inc., Kimnori USA, Wooltari USA, Inc., Ocean’s Halo, BIBIGO, FROM CJ, SINGHA CORPORATION CO., LTD., SeaSnax, and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the seaweed snacks market based on the below-mentioned segments:
Global Seaweed Snacks Market, By Product Type
Global Seaweed Snacks Market, By Source
Global Seaweed Snacks Market, By Distribution Channel
Global Seaweed Snacks Market, By Regional Analysis
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