Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Seaweed Snacks Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Seaweed Snacks Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Seaweed
Snacks Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Seaweed Snacks Market is offered. In accordance with the report, the global
Seaweed Snacks Market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Food
eaten in small quantities during the intervals of main meals are called seafood
snacks. The consumption of seaweed snacks was a segment of the Asian culture
which has now spread around the globe. These are not only nutritious products
but also portable. These items can be packed properly to satisfy hunger in long
drives and hiking activities. Seaweed snacks are available in a variety of
flavors.
Market Drivers
The
high nutrition content in seaweed snacks complementary to the rising number of
the health-conscious consumers is primarily driving the seaweed snacks market.
Seaweed comprises of nutrients namely vitamin A, B6, B12 and C, omega-3 fatty
acids, folic acids, iron, potassium, iodine, calcium, proteins, and fibers. It
is natural source of carotenoids and flavonoids. Further, it is gluten-free,
GMO-free and has antioxidant properties. The consumption of seaweed snacks aids
in reducing cholesterol levels, balancing blood pressure and lowering the risk
of blood clotting. Such numerous health benefits of seaweed snacks are making
it increasingly popular among the health-freak population.
The
surging vegan population is fueling the growth of the seaweed snacks market
since it is a source of plant-based protein. Indirectly, animal cruelty
concerns are positively affecting this market.
Environmental
concerns are propelling the growth prospects of this market. The production of
seaweed is organic and does not require additional water or fertilizers.
Seaweed is produced by the process of absorption of nutrients available in the
seabed which makes it extremely popular among individuals that are aiming for environmental
conservation.
The
major factor contributing to the growth of the seaweed snacks market is the
obtainability of sushi especially in the western countries. Sushi rolls made in
conjunction with seaweed roll-ups has bolstered the growth of this market.
Other
economic factors like development in the purchasing power of the consumers
across the globe has thus lead to changing lifestyle patterns and consumption
patterns especially in the developing regions which has boosted the growth of
the seaweed snacks market.
Market Restraints
Seaweeds
are naturally produced by the deposition of nutrients in the seabed. The
levelling up of water pollution of different water bodies including oceans on
account of a variety of reasons is negatively affecting this market.
The
tremendous deployment of seaweed products is hindering the availability and
growth prospects of the seaweed snacks market.
The
scarcity of supportive measures on behalf of the government in the form of
financial aids and promotional activities and the paucity of required marine
spatial plans are threatening the growth of the seaweed snacks market.
Opportunities
Seaweed
snacks producers are increasingly developing their product portfolio by
diversifying the available choices of flavors and introducing dry fruits like
nuts and seeds to enlarge the consumer base of the seaweed snacks market.
Seaweed
snacks are finding widespread application in the medical, healthcare and
pharmaceutical industries, in the agricultural sector it is gaining traction as
a fertilizer and also established a sound footing as an animal feed. The
corresponding booming sectors are expected to provide lucrative opportunities
to this market.
Trends
At
present Asia Pacific dominates the market for seaweed snacks and is estimated to
continue its domination in the forecast period. The reason attributable to this
growth is the presence of prominent markets in Thailand, China, japan and South
Korea where Seaweed snacks is a segment of staple diet. North America region is
projected to emerge as the fastest growing region in the forecast period
accounting to a CAGR exceeding 11% in the forecast period. Upsurge in
health-conscious consumers and population suffering from obesity are the prime
reasons behind such growth in this region. Globally, the seaweed snacks market
is expected to register a CAGR of 9.60% in the forecast period.
Segment Covered:
This market
intelligence report on the global Seaweed Snacks Market encompasses market segments based on product type,
source, application and country.
By
Product Type the global Seaweed Snacks Market has been divided into:
q Chips
q Bars
q Flakes
q Nori
Sheets
q Others
By Source the
global Seaweed Snacks Market has been divided into:
q Green
q Brown
q Red
By Application the global Seaweed
Snacks Market has been divided into:
q Food
and Beverage
q Dietary
Supplements
q Pharmaceutical
and Medical
q Others
By country/region,
the global Seaweed Snacks Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Ocean’s
Halo
q Taokaenoi
Food & Marketing PCL
q gimMe
Health Foods Inc
q Singha
Corporation
q European
Snack Foods
q Seaweed
Pringles
q SeaSnax
q Roland’s
Food
q Eden
Foods
q Annie
Chuns
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Seaweed Snacks Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in each
of the geographical segments gives an insight into market share of the global
players.
Few Recent Developments
Ocean’s Halo
In January 2017,
three new products were launched by Ocean’s Halo that includes organic sushi
nori, Korean BBQ flavored sheets, chili lime and dark chocolate strip.
Taokaenoi Food & Marketing PCL
In September
2018, a variety of seaweed chips were launched by Nora Chips, the subsidiary of
Taokaenoi Food & Marketing PCL in US.
gimMe Health Foods Inc
In March 2020,
new flavors including new sea salt and avocado oil roasted was introduced to
strips of 9 grams and 4.5 grams packs.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Seaweed
Snacks Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Seaweed Snacks Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Seaweed Snacks caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Seaweed
Snacks Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Seaweed Snacks Market
v
Identification
of key factors driving investment opportunities in the Seaweed
Snacks Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants