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The global seaweed snacks market stood at a value of around USD 1,972.61 million in 2023. The market is further expected to grow at a CAGR of 10.4% in the forecast period of 2024-2032 to attain USD 4,807.06 million by 2032.
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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.
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.
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 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 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.
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Based on type, the market is divided into:
On the basis of source, the industry is segmented into:
The different distribution channels of the product include:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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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.
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:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Source |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global seaweed snacks market attained a value of nearly USD 1,972.61 million.
The market is estimated to witness a healthy growth at a CAGR of 10.4% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 4,807.06 million by 2032.
The major drivers of the market 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 growing R&D activities to enhance the nutritional value of seaweed snacks and the introduction of new and innovative varieties by leading companies are the key trends fuelling the market growth.
The major regions in the market 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 in the seaweed snacks market.
The major players in the market are SeaSnax, Ocean’s Halo, Taokaenoi Food & Marketing PCL, Eden Foods, Inc, and Annie Chun's, Inc., among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
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+91-858-608-1494
Philippines
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+63 287899028, +63 967 048 3306
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+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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