Seaweed Snacks Market

Seaweed Snacks Market Size, Share, Growth Analysis, By Product(Strips & Chips, Flakes, Bars and Others), By Distribution Channel(Online And Offline), By Regional(North America, Europe, Asia Pacific, Middle East and Africa), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30I2355 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 90 | Figures: 66

Seaweed Snacks Market Insights

Seaweed Snacks Market size was valued at USD 1.82 billion in 2021 and is poised to grow from USD 2.02 billion in 2022 to USD 4.58 billion by 2030, growing at a CAGR of 10.8 % in the forecast period (2023-2030).

The better-for-you food products industry is experiencing significant growth due to increasing consumer demand for healthier options. These products offer a rich nutrition profile, attracting health-conscious consumers seeking a balanced diet. They also align with the growing trend of "free-from" food products, being free from common allergens, gluten, and GMOs. This health-oriented preference is expected to drive the demand for such products in the coming years.

Seaweeds, in particular, offer numerous health benefits, including vitamins, minerals, fiber, antioxidants, proteins, iodine, and omega-3 fatty acids. The presence of amino acids and iodine supports proper thyroid gland function, while the fiber content improves gut health and aids in weight management. Seaweeds also help lower cholesterol levels, reduce the risk of blood clots, and regulate blood pressure.

The increasing adoption of vegan diets has further fueled the demand for seaweed products, as they serve as a plant-based source of umami flavor and provide essential iodine for vegan consumers. Additionally, the growing popularity and availability of sushi in Western countries have contributed to the market's growth. Seaweed roll-ups used in sushi rolls have gained traction as a convenient snacking option.

US Seaweed Snacks Market is poised to grow at a sustainable CAGR for the next forecast year.

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Seaweed Snacks Market size was valued at USD 1.82 billion in 2021 and is poised to grow from USD 2.02 billion in 2022 to USD 4.58 billion by 2030, growing at a CAGR of 10.8 % in the forecast period (2023-2030).

The seaweed snacks market features a dynamic competitive landscape with several key players vying for market share. Established brands like Annie Chun's, SeaSnax, and gimMe Snacks dominate with their diverse product portfolios and strong distribution networks. Additionally, innovative entrants like Ocean's Halo and New Frontier Foods are gaining traction with unique flavors and healthier snacking options. As consumer interest in plant-based and nutritious snacks continues to grow, the competition intensifies, prompting companies to focus on product differentiation, sustainable sourcing, and creative marketing strategies to maintain a competitive edge. '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'

The growing trend of health-conscious consumers seeking nutritious and natural snack options is a significant driver for the seaweed snacks market. Seaweed is rich in vitamins, minerals, and antioxidants, appealing to health-conscious individuals..

Rising Popularity of Plant-Based Diets: The growing adoption of plant-based and vegan diets has led to an increased demand for plant-based snack alternatives, and seaweed snacks fit well into this trend.

In 2022, Asia Pacific emerged as the largest regional market, contributing to over 50% of the total revenue share. Prominent markets in the region include South Korea, Japan, China, and Thailand, where seaweed is a staple food. The regional market offers a diverse range of seaweed snacks with various flavors and textures to cater to consumer preferences.

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Seaweed Snacks Market

Report ID: SQMIG30I2355

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