The global seaweed snacks market size is expected to reach USD 3.36 billion by 2027 registering a CAGR of 10.8%, 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.
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.
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Seaweed Snacks Market Report Highlights
• 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
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Seaweed Snacks Market Segmentation
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
Seaweed Snacks Distribution Channel Outlook (Revenue, USD Million, 2016 – 2027)
Seaweed Snacks Regional Outlook (Revenue, USD Million, 2016 – 2027)
• North America
• The U.S.
• The U.K.
• Asia Pacific
• South Korea
• Central & South America
• Middle East & Africa
List of Key Players of Predictive Analytics 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.
• Ocean’s Halo
• Seaweed Market OÜ
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About Grand View Research
Grand View Research is a market research and consulting company headquartered in San Francisco, which offers syndicated research reports, customized research reports, and consulting services to clients across a number of industries, including healthcare, materials, chemicals, energy, technology, and food and beverage, among others.
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