About Edible Seaweed
Edible seaweed, as the name itself, suggests, the food that can be eaten. These are sea vegetables that can be eaten or can be used in the preparation of food. They have a high amount of fibers and belongs to a kind of algae which includes brown, red or green. Most of the edible seaweed comes from marine algae. Saying in terms of nutrition, seaweed has the unique ability to absorb the major amounts of iodine from the ocean which a human body cannot produce by itself but requires healthy thyroid functions. These seaweeds are an extreme source of micronutrients such as calcium, magnesium, zinc, iron and selenium. Hence, due to the increasing benefits of these seaweeds coupled with the adoption of edible seaweed in Chinese restaurants is driving the industry in forecasted years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Edible Seaweed market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Edible Seaweed Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Edible Seaweed market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Seakura (Canada), Kelpak (South Africa), Seagate Products (United States), Cargill (United States), Irish Seaweeds (United Kingdom), AlgAran (Ireland), Dakini Tidal Wilds (Canada), Wild Irish Sea Veg (Ireland), Weihai Shidai Marine Biotechnology (China) and Shandong Lidao Oceanic Technology (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Xunshan Group (China) and Qingdao Gather Great Ocean Algae (China).
Segmentation Overview
AMA Research has segmented the market of Global Edible Seaweed market by Type (Red Algae, Brown Algae, Green Algae and Others), Application (Food, Feed, Cosmetic and Medicine, Industrial and Others) and Region.
On the basis of geography, the market of Edible Seaweed has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use, the sub-segment i.e. Pharmaceutical Industry will boost the Edible Seaweed market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Supermarket and Hypermarkets will boost the Edible Seaweed market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form Type, the sub-segment i.e. Liquid will boost the Edible Seaweed market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Travel and Tourism Industry along with the Growing Hospitality Industry and Adoption of Edible Seaweed in Pharmaceutical Industries for Preparing medicines
Market Growth Drivers:
Increasing Food Industry Coupled with Consumer Preferences for Sea Vegetables across Developed Countries and Cumulative Interest of People for Tasting Different types of Cusine
Challenges:
Issue Related Towards the Toxic Nature of Edible Seaweed
Restraints:
Concern Related Towards High Service Tax for this Edible Seaweed Products and High-Cost of this Edible Seaweed Dishes
Opportunities:
Growing Demand for Edible Seaweed in the Chemical Industry across the Globe and Rising Urbanization across the Emerging Economies such as China and Brazil
Market Leaders and their expansionary development strategies
In February 2024, a fund created by early-stage investor Big Idea Ventures, has acquired edible packaging startup DisSolves as it gears up to run pilots with leading CPG companies.
In April 2019, London Marathon offers edible seaweed drink capsules as an alternative to plastic bottles. Over 30,000 edible drinks capsules made from seaweed were handed out to runners at the London Marathon, in a bid to reduce plastic waste.
Key Target Audience
Edible Seaweed Manufacturers, Edible Seaweed Distributors/Traders/Wholesalers, Edible Seaweed Subcomponent Manufacturers, Industry Association and Downstream Vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.