eport 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.
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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.
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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
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