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Global Seaweed Snacks Market: By Type: Nori Sheets, Flakes, Bars, Chips, Others; By Source: Red, Brown, Green; By Distribution Channel: Hypermarkets and Supermarket, Convenience Store, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Seaweed Snacks Market Outlook

The global seaweed snacks market stood at a value of around USD 1466 million in 2020. The market is further expected to grow at a CAGR of 10.4% in the forecast period of 2021-2026 to attain USD 2655 million by 2026.

 

Growing Demand for Seaweed Chips to Bolster the Growth of the Seaweed Snacks Industry

Based on type, the chips segment accounted for a significant share in the market and is anticipated to grow considerably in the forecast period as well. This can be attributed to the high nutritional and fibre value of the product, along with its delicious taste and crispy texture. The seaweed chips contain iodine, copper, iron, potassium, magnesium and calcium. Over the forecast period, the introduction of new and innovative flavours is likely to propel the sales of the product.

 

Global Seaweed Snacks Market

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The market will further be aided by the growing popularity of seaweed chips among the youth. Meanwhile, seaweed bars are likely to occupy a considerable share in the market over the forecast period, owing to the high protein and low-fat present in these bars. The growing popularity of the product can also be attributed to the busy and hectic lifestyles of the middle-class population, who are increasingly preferring convenient food products and need sufficient amount of energy to carry out the day-to-day tasks efficiently.

 

Increasing Demand for Brown Seaweed-Based Snacks to Bolster the Global Seaweed Snacks Industry

On the basis of source, brown seaweeds are increasingly being preferred to prepare snacks and are likely to account for a significant share in the market. This can be attributed to the increasing awareness about the health benefits of brown seaweed and the growing concern regarding health and wellness among consumers. Brown seaweeds include some of the largest sea plants and are known for their high iodine content, which is aiding the growth of the segment.

 

The Asia Pacific to Account for a Significant Share in the Market

The Asia Pacific is anticipated to occupy a significant share in the market, owing to the fact that seaweed is a staple food in Asian countries such as South Korea, Japan, China and Thailand. A wide variety of seaweed snacks with different flavours and textures are available in these countries and are popular among the youth. Furthermore, the market in the Asia Pacific is expected to be aided by the growing population and the increasing disposable income in emerging economies across the region.

 

Seaweed Snacks: Industry Definition and Segmentation

Seaweed snacks are the snacks prepared from a type of sea vegetable that can be eaten and used for culinary purposes. Seaweed can be obtained from red, green, or brown marine algae that grow along sea shores.

Based on type, the market is divided into:

  • Nori Sheets
  • Flakes
  • Bars
  • Chips
  • Others

On the basis of source, the industry is segmented into:

  • Red
  • Brown
  • Green

The different distribution channels of the product include:

  • Hypermarkets and Supermarket
  • Convenience Store
  • Online
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Thriving Food Industry to Boost the Growth of the Seaweed Snacks Industry

The global seaweed snacks industry is driven by the thriving food industry, particularly in the emerging economies of the world. The growing popularity of seafood, including sushi, seaweed salad, seaweed chips, seaweed bars, roasted seaweed, and organic seaweed snacks, among others, is significantly contributing to the market growth. The seaweed snacks not only have a delicious taste and texture but are also rich in nutrients. This factor is likely to propel the sales of the product, as there has been a significant increase in demand for healthy and clean-labelled seafood products in recent years. Furthermore, the market is expected to be aided by the easy availability of the product, owing to the development of supermarkets and hypermarkets in various countries. In addition to that, the emergence of e-commerce will further augment the market growth in the forecast period.

 

Key Industry Players in the Global Seaweed Snacks Market

The report gives a detailed analysis of the following key players in the global seaweed snacks market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • SeaSnax
  • Ocean’s Halo
  • Taokaenoi Food & Marketing PCL
  • Eden Foods, Inc
  • Annie Chun's, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Source, Distribution Channel, Region
Breakup by Type Nori Sheets, Flakes, Bars, Chips, Others
Breakup by Source Red, Brown, Green
Breakup by Distribution Channel Hypermarkets and Supermarket, Convenience Store, Online, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered SeaSnax, Ocean’s Halo, Taokaenoi Food & Marketing PCL, Eden Foods, Inc, Annie Chun's, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Seaweed Snacks Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Seaweed Snacks Historical Market (2016-2020) 
    8.3    Global Seaweed Snacks Market Forecast (2021-2026)
    8.4    Global Seaweed Snacks Market by Type
        8.4.1    Nori Sheets
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Flakes
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026) 
        8.4.3    Bars
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Chips
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Others
    8.5    Global Seaweed Snacks Market by Source
        8.5.1    Red
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Brown
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Green
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
    8.6    Global Seaweed Snacks Market by Distribution Channel
        8.6.1    Hypermarkets and Supermarket
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Convenience Store
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Online
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Others
    8.7    Global Seaweed Snacks Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
        10.1.1    SWOT Analysis
        10.1.2    Strengths
        10.1.3    Weaknesses
        10.1.4    Opportunities
        10.1.5    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    SeaSnax
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Ocean’s Halo
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certification
        12.2.3    Taokaenoi Food & Marketing PCL
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Eden Foods, Inc
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Annie Chun's, Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Seaweed Snacks Market: Key Industry Highlights, 2016 and 2026
2.    Global Seaweed Snacks Historical Market: Breakup by Type (USD Million), 2016-2020
3.    Global Seaweed Snacks Market Forecast: Breakup by Type (USD Million), 2021-2026
4.    Global Seaweed Snacks Historical Market: Breakup by Source (USD Million), 2016-2020
5.    Global Seaweed Snacks Market Forecast: Breakup by Source (USD Million), 2021-2026
6.    Global Seaweed Snacks Historical Market: Breakup by Distribution Channel (USD Million), 2016-2020
7.    Global Seaweed Snacks Market Forecast: Breakup by Distribution Channel (USD Million), 2021-2026
8.    Global Seaweed Snacks Historical Market: Breakup by Region (USD Million), 2016-2020
9.    Global Seaweed Snacks Market Forecast: Breakup by Region (USD Million), 2021-2026
10.    North America Seaweed Snacks Historical Market: Breakup by Country (USD Million), 2016-2020
11.    North America Seaweed Snacks Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Europe Seaweed Snacks Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Europe Seaweed Snacks Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Asia Pacific Seaweed Snacks Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Asia Pacific Seaweed Snacks Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Latin America Seaweed Snacks Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Latin America Seaweed Snacks Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Middle East and Africa Seaweed Snacks Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Middle East and Africa Seaweed Snacks Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Global Seaweed Snacks Market Structure

Key Questions Answered in the Report

In 2020, the global seaweed snacks market attained a value of nearly USD 1466 million.

The market is estimated to witness a healthy growth at a CAGR of 10.4% in the forecast period of 2021-2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 2655 million by 2026.

The major drivers of the industry include the thriving food and beverage sector, growing popularity of seafood, and increasing preference for seaweed-based snacks owing to their delicious taste and texture, high nutritional value, and easy availability.

The key market trends guiding the growth of the industry include the growing R&D activities to enhance the nutritional value of seaweed snacks and the introduction of new and innovative varieties in the market.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Nori sheets, flakes, bars, and chips, among others are the major types of the product.

Red, brown, and green seaweeds are the different sources of the product.

Hypermarkets and supermarket, convenience store, and online, among others are the distribution channels of the product.

The major players in the industry are SeaSnax, Ocean’s Halo, Taokaenoi Food & Marketing PCL, Eden Foods, Inc, and Annie Chun's, Inc., among others.

Analyst Review

The global seaweed snacks market attained a value of USD 1466 million in 2020, driven by the thriving food and beverage sector. Aided by the growing R&D activities in order to enhance the nutritional value of seaweed snacks and to introduce new and innovative flavours in the market, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 10.4%. The market is projected to reach USD 2655 million by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the market is divided into Nori sheets, flakes, bars, and chips, among others. On the basis of sources, the market is divided into red, brown, and green seaweeds. The significant distribution channels of the product include hypermarkets and supermarket, convenience store, and online, among others. The major regional markets for seaweed snacks market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include SeaSnax, Ocean’s Halo, Taokaenoi Food & Marketing PCL, Eden Foods, Inc, and Annie Chun's, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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