According to Straits Research, the global seaweed snacks market size is estimated to reach USD 3858.7 million by 2031, increasing at a CAGR of 9.7% during the forecast period (2023–2031).
There has been a noticeable increase in vegans on the global market in recent years. As the vegan population develops, there will certainly be a higher need for seaweed snacks.
The opportunities in emerging economies are huge because of their unfulfilled potential. Most of the world's population - more than 80% - resides in nations that are not OEC members (OECD). Nonetheless, they consume less than 60% of global food production.
During the forecast period, Asia-Pacific is expected to grow at a CAGR of 10.4%. The seaweed snack market in China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific is studied. The Asia-Pacific region's seaweed snacks industry is increasing swiftly due to rising consumer awareness.
Seaweed snacks are expected to gain the most traction in the area due to rising demand for organic products and their better nutritional value. Due to rising health consciousness among consumers and their interest in products with lower cholesterol, such as seaweed chips, bars, and other options, the market for seaweed snacks is likely to expand.