The Asia Pacific Seaweed Snacks Market would witness market growth of 14% CAGR during the forecast period (2020-2026). Seaweed is widely used in the making of certain food products owing to its distinct structure, natural umami flavor, and balanced thickness or consistency. It is a well-known and famous food product in many Asian countries, moreover, many European restaurants whether they are vegetarian or non-vegetarians, they are using sea tang to serve the best dishes. Furthermore, many researchers claim that the intake of dried algae on daily basis decreases the risk of gastric ulcers and tumors, diabetes, some kinds of cancer, and cardiovascular diseases.
There are many factors like the healthy nutritional value of the seaweed snacks, the increasing health concerns among consumers, the growing vegan population, and the rising concerns about the environment because of its carbon-negative food source, which help in driving the growth of the global seaweed snacks market during the forecast period. In addition, seaweed snacks are naturally free from gluten, GMO, and allergen; which is expected to propel the growth of the seaweed snacks market.
During the outbreak of the Covid-19 pandemic, people have faced significant reduction in their salary and even lost their jobs. The pandemic became a threat to the global economy and also negatively affected all the sectors of the businesses including the seaweed snacks market. The decreasing disposable income of people around the world due to the pandemic, along with the disrupted supply chains, is expected to restrict the growth of the seaweed snacks market in coming years.
Based on Product, the market is segmented into Strips & Chips, Flakes, Bars and Other Products. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Seaweed Snacks Market in Asia Pacific is expected to register a CAGR of 14% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PepsiCo, Inc., CJ CheilJedang Corporation (Annie Chun’s, Inc.), Taokaenoi Food & Marketing PCL, Gimme Health Foods, Inc., KwangCheon Kim Co., Ltd. (Kimnori USA, Inc.), SeaSnax, New Frontier Foods, Inc. (Ocean's Halo), KPOP Foods, Inc., Eden Foods, Inc., and Singha Corporation Co., Ltd. (Boon Rawd Brewery).
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