Seaweed Snacks Market Size & Share Surpass $2.90 billion 2027, Evolving at a CAGR 9.60% from 2021 to 2027

Global Seaweed Snacks Market size was valued at $1.32 billion in 2019, and is expected to garner $2.90 billion by 2027, registering a CAGR of 9.60% from 2021 to 2027.

Rise in inclination for readymade and convenient food products, increase in spending capacity of people, and growth in demand for organic snacks increases the demand for seaweed snacks, thereby accelerating the seaweed snacks market growth.

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Seaweed snacks are made from red, brown, and green seaweed are studied in the report. The seaweed-based snack contains iodine, copper, iron, potassium, magnesium, and calcium. They are high in fiber and vitamins such as A, B and E. Seaweed snacks includes various types of snacks such as nori sheets, flakes, bars, chips, and other snacks. As consumers' tastes have expanded in an increasingly globalized world, many consumers are experimenting with organic foods to satiate their desire for unique taste experience and to align with their increased focus on healthy lifestyles. As a result, organic food have gained a lot of popularity over the last decade as they are considered safe and a rather healthy option by many consumers.

The growth of the seaweed snacks industry is driven by the nutritional properties of seaweed snacks along with rise in the living standards of consumers around the globe. Furthermore, hectic lifestyle and increase in the need for convenience and ready to eat food drive the growth of the seaweed snacks market and help increase the seaweed snacks market size. Furthermore, growth in adoption of organic farming practices in various developed regions is one of the top impacting factors driving the growth of the seaweed snacks market. Growth of the retail network in emerging economies, such as India, China, and Brazil, has led to increased availability of seaweed snacks, thus supplementing the seaweed snacks market growth.

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The global seaweed snacks market is segmented into type, source, and distribution channel, and region. Depending on type, the market is categorized into nori sheets, flakes, bars, chips, and others. By source, it is differentiated into red, brown, and green. On the basis of distribution channel, is bifurcated into hypermarkets and supermarkets, convenience stores, specialty stores, and online. Based on region, the seaweed snacks market is categorized into North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the seaweed snacks industry are the SeaSnax, Oceans Halo, Rolands foods, Eden foods, Annie Chuns, Frito Lays Nori Seaweed chips, Seaweed Pringles, Taokaenoi Food & Marketing, Singha Corporation, and European snack foods.

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