SAN FRANCISCO, Jan. 13, 2021 /PRNewswire/ -- The global seaweed snacks market size is expected to reach USD 3.36 billion by 2027 registering a CAGR of 10.8% from 2020 to 2027, according to a new report by Grand View Research, Inc. The increasing demand for healthy snacks and better-for-you foods has been boosting the market growth. Seaweed is a rich source of vitamins, minerals, antioxidants, fiber, protein, iodine, amino acid, folic acid, calcium, omega-3 fatty acid, and potassium. These nutritional contents of seaweed products offer several health benefits, such as improved function of thyroid gland, enhanced gut health, and decreased cholesterol level. Furthermore, these products are naturally free from gluten, GMOs, and allergens, which also drives their demand. The strips & chips product segment dominated the market accounting for more than 50% share of the global revenue in 2019.
Key suggestions from the report:
- North America is expected to register the fastest growth with a CAGR of 11.3% from 2020 to 2027 owing to the rising health concerns
- The strips & chips product segment led the global market in 2019 and held over 50% of the global revenue share
- Asia Pacific is estimated to be the largest regional market by 2027 due to the wide availability of raw materials
- The online distribution channel segment is expected to register the fastest CAGR from 2020 to 2027 due to the increasing adoption of e-commerce across the globe
Read 80 page research report with ToC on "Seaweed Snacks Market Size, Share & Trends Analysis Report By Product (Bars, Strips & Chips, Flakes), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2020 - 2027" at:https://www.grandviewresearch.com/industry-analysis/seaweed-snacks-market
Nori strips and dried or roasted seaweed strips are the most common products in the market. These low-calorie and nutritious strips have become a healthy alternative to the high-calorie chips. Furthermore, the launch of various flavors, such as Korean BBQ, wasabi, sweet onion, teriyaki, and chili lime, is expected to expand the consumer base of the market in the upcoming years. Asia Pacific held the largest market share of over 50% in 2019 and will retain its dominant position throughout the forecast period as seaweed is one of the staple foods of Asian countries including China, South Korea, and Japan. However, North America is expected to register the fastest CAGR over the forecast period due to high product demand as a result of rising health concerns.
Grand View Research has segmented the global seaweed snacks market on the basis of product, distribution channel, and region:
- Seaweed Snacks Product Outlook (Revenue, USD Million, 2016 - 2027)
- Strips & Chips
- Flakes
- Bars
- Others
- Seaweed Snacks Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)
- Offline
- Online
- Seaweed Snacks Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- South Korea
- Japan
- Central & South America
- Brazil
- Middle East & Africa
List of Key Players of Seaweed Snacks Market
- Taokaenoi Food & Marketing PCL
- gimMe Health Foods, Inc.
- Frito-Lay North America, Inc.
- Annie Chun's, Inc.
- Kimnori U.S.A., Inc.
- KPOP Foods, Inc.
- SeaSnax
- Ocean's Halo
- Seaweed Market OÜ
- Singha Corp.
Find more research reports onConsumer F&B Industry, by Grand View Research:
- Fruit Snacks Market - Global fruit snacks market size was valued at USD 4.92 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 9.2% from 2020 to 2027.
- Organic Snacks Market - Global organic snacks market size was valued at USD 7.21 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 13.1% from 2020 to 2027.
- Extruded Snacks Market - Global extruded snacks market size was valued at USD 51.59 billion in 2019 and is expected to witness significant growth in the years to come.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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