Global Seaweed Snacks Market – Industry Trends and Forecast to 2029

Market Analysis and Size

Seaweed extracts are used in a variety of industries, including food, agriculture, cosmetics, and pharmaceuticals. These seaweed extracts are used in a variety of industries. Seaweed is used in agriculture as a component in pesticides, horticulture, and fertilisers. Due to its health benefits, seaweed extract is used in the food industry to make a variety of snacks. Seaweed extracts aid in cholesterol reduction, digestion improvement, and weight loss, making it an important and effective component of a healthy diet.

Data Bridge Market Research analyses that the seaweed snacks market was valued at USD 1.42 billion in 2021 and is expected to reach the value of USD 3.16 billion by 2029, at a CAGR of 10.50% during the forecast period of 2022-2029.

Market Definition

The seaweed snacks are made from red, brown, and green seaweed. Iodine, copper, iron, potassium, magnesium, and calcium are all found in the seaweed snack. They are high in fibre and vitamins A, B, and E. Seaweed snacks can be found in various forms, including packaged snack food and other processed foods. Seaweed snacks are non-GMO, and the food products contain organic ingredients. Seaweed snacks are made from USDA-certified organic and non-GMO ingredients that are gluten-free and good for snacking. Seaweed snacks are foods that contain nutrients and minerals such as proteins, vitamins, and minerals.

Report Scope and Market Segmentation

Seaweed Snacks Market Dynamics

Drivers

• Growing demand for organic products as well as rise in research and development

Increasing application from the agriculture industry to improve seed germination and fertiliser effectiveness, rising demand in cosmetics products such as shampoo, cream, and others, surging growth of the marine industry, and increased investment for the development of advanced products are some of the factors that will drive the growth of the seaweed snacks market during the forecast period. Expanding demand for organic products, a rise in the growth of the marine industry, increasing innovative technology, and expanding research and development activities are some of the primary factors driving the global seaweed extract market.

• Rising application from the cosmetic industry

The increasing use of seaweed snacks in powder form in cosmetic products such as soaps, shampoo, and creams is propelling the seaweed snacks market forward. The production of liquid seaweed for use in fertilizers and pesticides and increased stress tolerance in plants are expected to drive the global seaweed snacks market to new heights. The global seaweed snacks market is expected to grow rapidly over the forecast period, owing to the increasing use of seaweed snacks in various food and beverage industries.

Opportunity

Government organisations have made aggressive efforts to regulate the production and use of environmentally friendly products, such as prohibiting the use of specific chemicals and establishing maximum consumption limits. As a result, there is an urgent need to develop bio-based agrochemicals to reduce synthetic agrochemicals' harmful effects on the environment. Furthermore, the advantages of using seaweed extracts, such as low toxicity, high specificity, and increased efficiency, have led to increased adoption of such products. As a result, there are numerous market opportunities for developing seaweed-based products in the market.

Restraints

However, the extraction process is complicated, and as a result, the production cost is high. Demand for clean label products is another factor impeding the growth of the seaweed extract market. The government's stringent rules and regulations constantly force the industry to meet the needs of consumers. Because of the constant scrutiny of health-conscious consumers, stakeholders have been forced to perform multiple checks in the procedures.

This seaweed snacks market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the seaweed snacks market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Seaweed Snacks Market

The World Health Organization (WHO) recommends that the global population consume immunity-boosting foods which are required by the human body to fight the outbreak. As a result, the population's consumption of bio based product rises, increasing the demand for the sea weed extract snacks market. The COVID-19 outbreak has had a profound effect on people's lives all over the world. With the increasing number of cases, stringent government regulations such as lockdowns, shutting down industries and business sectors, and so on are being implemented in almost every country. It is critical to boost immunity to fight this pandemic.

Recent Development

• Gimme Snacks debuted a new Sea Salt & Avocado Oil Roasted Seaweed Snack flavour in March 2020. Along with its existing product line of premium USDA Organic, Non-GMO, and Gluten Free products, this is the new flavour.
• Nora Snacks, a US subsidiary of Thai seaweed manufacturer Taokaenoi, introduced seaweed chips to the United States in September 2019. These seaweed chips are now available on Amazon and other online retailers.
• Singha collaborated with Bar B Q Plaza in August 2021. The collaboration aimed to introduce a new Masita seaweed snack flavour, Grilled Bacon with Bar B Q Plaza Sauce, which combines the distinct flavour of Bar B Q Plaza's sauce with fried seaweed.

Global Seaweed Snacks Market Scope

The seaweed snacks market is segmented on the basis of product type, form, and application.. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product type

• Brown seaweed
• Red seaweed
• Green seaweed

Application

• Food and Beverage
• Dietary Supplements
• Pharmaceutical and Medical
• Other Applications

Form

• Liquid
• Flakes
• Powder

Seaweed Snacks Market Regional Analysis/Insights

The seaweed snacks market is analysed and market size insights and trends are provided by country, product type, form, and application as referenced above.

The countries covered in the seaweed snacks market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

In North America, the United States dominates due to increased agricultural activity to produce high yields which increases demand for snacks products. China is growing in Asia-Pacific because most food and beverage manufacturers are turning to seaweed extract snacks to boost their production naturally in the region, whereas France is dominating the market because people are shifting away from chemical fertilisers due to health concerns, which has increased the adoption of seaweed extract snacks in France.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive landscape and seaweed snacks market share analysis

The seaweed Snacks market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to seaweed snacks market.

Some of the major players operating in the seaweed snacks market are:

• GrainCorp (Australia)
• Malteurop (France)
• Rahr Corporation (US)
• Boortmalt (Belgium)
• Indesso, (Spain)
• Lipoid Kosmetic AG, (Germany)
• The Herbarie at Stoney Hill Farm, Inc. (U.S)
• International Flavors & Fragrances, Inc. (Netherlands)
• Bell Flavors & Fragrances (France)
• Rutland Biodynamics Ltd. (Scotland)
• Prakruti Products Pvt. Ltd (India)
• AmbePhytosnacksPvt. Ltd. (Austria)
• The Green Labs LLC (Netherlands)
• Berje, Inc. (Italy)
• Umalaxmi Organics Pvt. Ltd. (India)
• DSM (Netherlands)

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