Seaweed snacks are gaining popularity at an astronomical rate across the globe as these are a healthier alternative, rich in protein, and have a negative carbon impact on the environment. The factors leading to the growth of the Global Seaweed Snack market are increasing consumer inclination toward vegan and vegetarian foods, soaring demand for seaweed bars and chips, and rising use of seaweed as a vegan alternate to meat. Seaweed is part of staple diets across various Asian countries such as China, Japan and South Korea. The easy accessibility of a variety of product via online sales channel, growing health consciousness among people and surging awareness regarding health benefits such as weight loss to cancer prevention are expected to strongly contribute to the growth of the market 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 expected to grow at a CAGR of 9% during 2021-26. Based on Source, Brown source acquired a considerable market share in 2020. It includes Hijiki, kelp and wakame, and is mostly consumed worldwide as it is high in fucoxanthin which provides various health benefits with biological properties such as antiobesity, antitumor, antidiabetes. Brown seaweed is mostly found in the rocky shorelines of China, Japan, and Korea. The consumption of brown seaweed is high in countries such as Japan and South Korea. Moreover, the demand for this is high among millennial to help in aiding 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 opportunities available for Seaweed Snack providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America Exhibits Fastest Growth
With the increasing popularity of seaweed snack and rising health consciousness among people in the U.S., North America exhibits the fastest growth in the Global Seaweed snack market. The burgeoning demand for an animal-free product, upsurge in the vegan population snowballing demand for healthy snacks. Moreover, customers are inclining toward the consumption of seaweed snacks as it is a healthier substitute for crackers and it also an easy way to boost the intake of minerals and vitamins. Besides this, easy accessibility of packaged sushi rolls via an online channel, the significant rise in the number of seaweed snack and start-up companies and the launch of the innovative product by the market players. Hence, this is further projected to proliferate the demand for the Seaweed Snack market in the forecast period as revealed by MarkNtel Advisors’ research report “Global Seaweed Snack Market Analysis, 2021”.
According to 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.