Seaweed snacks are gaining popularity at an astronomical rate globally as they are healthier alternatives and rich in protein. The factors leading to the market growth are mainly the increasing consumer inclination toward vegan and vegetarian foods. Seaweed is part of staple diets across various Asian countries such as China, Japan, and South Korea.
The easy accessibility of a variety of products via online sales channels is growing health consciousness among people. It is also surging awareness regarding various health benefits such as weight loss, cancer prevention, etc., and is likely to contribute strongly to the market growth in the forecast period.
Key questions answered in the study
According to the MarkNtel Advisors’ research report, “Global Seaweed Snack Market Analysis, 2021”, the market is likely to grow at a CAGR of 9% during 2021-26. Based on the source, brown source acquired a considerable market share in 2019. It includes Hijiki, kelp, and wakame, and consumed worldwide. It is high in fucoxanthin, which provides various health benefits with biological properties like anti-obesity, antitumor, anti-diabetes. Mostly, brown seaweed is present in the rocky shorelines of China, Japan, and Korea. The consumption of brown seaweed is high in countries like Japan and South Korea. Moreover, the demand is high among millennials to help to aid weight loss.
“Global Seaweed Snack Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and available opportunities for seaweed snack providers globally. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure competitors' capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
North America Exhibits Fastest Growth
The increasing popularity of seaweed snacks and rising health consciousness among people in the U.S. and North America exhibits the fastest growth in the market. The burgeoning demand for animal-free products and the surging vegan population are crucial factors boosting the need for healthy snacks.
Moreover, customers are inclining toward the consumption of seaweed snacks, as it is a healthier substitute for crackers. It also an easy way to boost the intake of minerals and vitamins. Besides, the easy accessibility of packaged sushi rolls through online channels has significantly increased seaweed snacks and start-up companies. It is further likely to propagate the demand for the seaweed snack market in the forecast period, reveals MarkNtel Advisors in their research report, “Global Seaweed Snack Market Analysis, 2021."
According to the MarkNtel Advisors, the major leading players in the global Seaweed Snack market are Taokaenoi Food & Marketing PCL, gimMe Health Foods Inc., Frito-Lay North America, Inc., Annie Chun’s, Inc., Kimnori U.S.A. Inc., KPOP Foods, SeaSnax, Ocean’s Halo, SEAWEED MARKET OÜ, Singha Corporation, etc.