Global
Edible Seaweed Market: Overview
Edible
seaweed are marine algae which are simple plants that dwell in
saltwater and belong to one of the several group of multicellular
algae, including red algae, green algae and brown algae Edible
seaweed contains high amount of fiber and are used in preparation of
variety of food. Apart from their applications in food industry
edible seaweeds are also used for industrial applications and as a
fertilizer. Seaweeds are also cultivated for the extraction of agar,
carrageenan and alginate substances collectively called as
hydrocolloids. Edible seaweed are also used in diet pills.
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Edible
Seaweed are extensively used as food in coastal cuisines across the
globe. Due to their high amount of iodine as compared to other food
products edible seaweeds are widely consumed as food in various
traditional European societies such as Western Norway and Ireland.
The global edible seaweed market is expected to witness significant
growth over the forecast period owing to their widespread role as a
food supplement and as a fertilizer.
Global
Edible Seaweed Market: Dynamics
Key
driving factors of the global edible seaweed market are rapidly
growing food industry along with growing demand of edible seaweed in
the chemical industry across the globe. Macro-economic factors
propelling the growth of the global edible seaweed market are growing
urbanization across the emerging economies such China and Brazil and
rising disposable income over the forecast period. Other factors
fueling theglobal edible seaweed market are significantly growing
travel and tourism industry along with growing hospitality industry,
owing to its significant demand among tourists globally over the
forecast period. Furthermore, robust growth in the pharmaceutical
industry leads the global edible seaweed market towards growth,
attributed to its high demand for preparing medicines and vitamins
over the forecast period. Growing consumers demand for food enriched
with essential vitamins and minerals is further contributing towards
consumption of edible seaweed across the food industry.
The
major restraining factors such as high service taxes on edible
seaweed products as well as its toxic nature hinders the edible
seaweed market to grow over the forecast period.
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Global
Edible Seaweed Market: Segmentation Overview
Food
and beverages industry is anticipated to be the largest end use
segment in the overall edible seaweed market owing to its high demand
in the coastal area across the globe. The supermarket and hypermarket
along with e-commerce end use segment is predicted to see significant
growth under sales channel segment in the global edible seaweed
market globally due to the high preference among consumers to
purchase these edible seaweeds globally.
Global
Edible Seaweed Market: Regional Outlook
Based
on the geographies, the global edible seaweed market is classified
into seven regions globally such as, North America, Latin America,
Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan,
and Middle East & Africa. North America is expected to account
for the high market share followed by Western Europe in the global
edible seaweed market, owing to growing health awareness among
consumers along with increasing consumption of edible seaweed at the
coastal area in the region. Western Europe is estimated to witness
significant growth, owing to its high consumption in U.K., Ireland,
Western Norway and various other countries. Asia-pacific is predicted
to witness robust growth rate in the global edible seaweed market,
attributed to its significant demand in South Korea and China across
this region. In addition, Japan is anticipated to see the significant
growth rate in the global edible seaweed market across the region,
owing to growing health awareness among consumers along with its high
usage to prepare the fertilizer for agriculture purposes over the
forecast period.
Global
Edible Seaweed Market: Key Players
Key
players in the global edible seaweed market are Acadian Seaplants
Ltd., North American Kelp, Ocean Organics Corp, VitaminSea Seaweed
Co., Mendocino Sea Vegetable Company, Dulse & Rugosa and Irish
Seaweeds.
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