The Seaweed Snacks Market is being driven by Rising demand for healthy food among global population
The Seaweed Snacks Market is expected to grow at a CAGR of 11.27% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1413.43 million. The e-commerce sector has played a pivotal role in driving the expansion of the global seaweed snacks market in the last decade. Consumers now have unhindered access to a wide array of regional and international branded packaged seaweed snacks through online retail platforms. The proliferation of smartphones and the resulting surge in e-commerce vendors have significantly increased the market's global reach. Major global e-retailers, such as Amazon.com and eBay Inc., are prominent players in this market. The escalating trend of online shopping, particularly in developing countries, is projected to lead to substantial growth in seaweed snack sales through this distribution channel during the forecast period.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Source (Red, Brown, Green) Distribution Channel (Offline, Online) Geography (APAC, North America, Europe, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Seaweed Snacks Market Research Report
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The Seaweed Snacks Market encompasses various products derived from seaweed farming, including crisps, chips, powders, and extracts. These allergen-free, vegan snacks offer numerous health benefits, making them popular for thyroid health and healthy eating trends. Seaweed's nutritional value, rich in iodine and plant-based protein, positions it as a sustainable and eco-friendly alternative to traditional snacks. Offline distribution channels offer exclusive, gluten-free, and GMO-free seaweed products, catering to the growing demand for free-from food and nutritious snacking options. Professional cooks and athletes also utilize seaweed ingredients for their health benefits and as a source of plant-based protein. The seaweed industry continues to evolve, providing innovative and sustainable solutions for the future of food.
The Seaweed Snacks Market, as identified by Technavio, falls under the Global Packaged Foods and Meats Market within the Food Products segment of the Food, Beverage, and Tobacco Market. This market encompasses food processing vendors dedicated to enhancing food safety and shelf life. The Global Packaged Foods and Meats Market's size is determined by the consolidated revenue of participating vendors. Seaweed snacks offer various health benefits, such as improving gut health, acting as a plant-based source of essential minerals, omega-3 fatty acids, proteins, and amino acids. These snacks are also a healthier alternative to common allergens like dairy and gluten. Seaweed snacks come in various forms, including flakes, and are beneficial for thyroid gland function. Despite being a snacking option, they contribute significantly to a balanced diet.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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