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.
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.
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.
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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