Seaweeds
are marine algae which are simple plants that resides in saltwater
including red, brown and green algae. Seaweed flavors are the
essential components that are used in various food products along
with providing abundant and unique seaweed flavors to various end
users. Manufacturers are providing new seaweed flavors such as bacon
seaweed flavor, which is a new breed of marine algae which has a
taste like sweet strips of pig flesh. A new natural strain of edible
algae known as dulse has been trending in the seaweed flavors market,
which contains high amounts of vitamins, minerals, and antioxidants,
along with having a strong bacon flavor that can be used in various
foodstuffs globally. It is gaining more popularity for a healthier
lifestyle mostly in premium and elite population worldwide. The
seaweed flavors provide excellent and unique benefits with an
increased healthful attributes to various food products. Many snacks
manufacturing companies are using various blends of seaweed flavors
in packed snacks and drinks and provides great aroma to the food
products. The seaweed flavored ingredients are usually integrated
into natural food products, and drinks with essential new flavors for
consumers. Due to increased benefits the seaweed flavors market is
seeking towards healthy CAGR over the forecast period.
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Global
Seaweed Flavor: Market Segmentation
The
global seaweed flavors market is segmented on the basis of raw
material, form, distribution channels, application and region. The
global seaweed flavors market is segmented on the basis of raw
material such as kombu, bacon, nori/laver, and wakame seaweed
flavors, which is mostly popular in many European countries.
The
seaweed flavors market is segmented on the basis of form type mainly
into liquid, and dried. The various seaweed flavors are used in
mainly in snacks industry on a large scale also in various healthful
drinks which are mostly trending flavors and liked by consumers
globally.
The
seaweed flavors market is also segmented on the basis of distribution
channels such as supermarkets, hypermarkets, retailers, and online
stores. The supermarket and online stores are the major segments
which are driving the global seaweed flavors market during the
forecast period.
The
seaweed flavors market is also segmented on the basis of applications
such as food products including snacks, burgers, salad dressings,
sauces and seasonings, bakery products, and soups, and beverages such
as healthful drinks, and alcoholic drinks such as beer. The snacks
segment is the major segment which is popular in many European
countries, is the major factor driving the market globally. Hence,
the global seaweed Flavor market is expected to significantly
increase the revenue contribution over the forecast period.
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Global
Seaweed Flavor Market: Regional Outlook
Geographically,
the global seaweed flavors industry can be divided by major regions
which include North America, Latin America, Europe, Asia Pacific,
Middle East and Africa. Globally, among all regions, Europe has
developed as the most dominant region in global seaweed flavors
market. Increasing usage of seaweed flavors in snacking industries
and beverage industries, as consumers are demanding for low-salt
products, are the major factors that has strengthened the growth of
global seaweed flavors market and hence is projected to significantly
expand the revenue contribution of the market over the forecast
period.
Global
Seaweed Flavor Market: Growth Drivers
The
global seaweed flavor market driving factors are increasing demand
for seaweed flavor in various snacking industries and beverage
industries coupled with increase in various trends in seaweed flavor
food products are the major driving factors for the global seaweed
flavors market. Seaweed offers a natural substitute for salt and also
exhibits antioxidants and anti-inflammatory properties that helps in
lowering cholesterol, blood pressure along with helping in digestion
and weight management worldwide.
Rising
number of supermarkets and retail stores are rapidly increasing the
demand for various seaweed flavors snacks worldwide. Manufacturers
are focusing on providing healthier product offerings. Rising growth
of seaweed flavors in dried and liquid form, such as in snacks and
beverages, coupled with wide scale availability in retail stores and
supermarkets is also another major driving factor in global seaweed
flavors market. Along with increasing usage of seaweed flavor in
various industries in European countries on a large scale, the global
seaweed flavors market is expected to observe robust growth over the
forecast period.
Global
Seaweed Flavor Market: Key Players
Some
of the key players identified across the value chain of the global
seaweed flavor market include Frito-Lay North America, Inc., Annie
Chun’s Inc., Atlantic Holdfast Seaweed Company, Mara Seaweed, and
others. The companies are expected to expand their business by
enhancing their product portfolio in global seaweed flavor market.
The companies are projected to frame certain strategies in future in
order to gain the competitive advantage in global seaweed flavor
market till 2025.
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