Edible Seaweed Market to Ride on its High Content of Nutrients and Minerals

Seaweeds are found in or near salty water bodies as that is where they grow. There are several types of seaweed and they are gaining considerable popularity as ingredient in several recopies. The global edible seaweed market is estimated to expand at a robust growth rate, thanks to its popularity in several cuisines and several health benefits. Edible seaweeds generally come with many healthy minerals, which are extremely easy for the body to break down.

Inclusion of seaweed to the diet might assist in proper functioning of thyroid glands, it helps in loss of weight, and maintains digestive health. Such multiple benefits are likely to encourage growth of the global edible seaweed market in the forthcoming years.

There are many types of seaweeds, some of which comprise

  • dulse
  • nori
  • blue-green algae (such as chlorella and spirulina)
  • wakame
  • kelp
  • kombu

Suitability as an Ingredient in Several Cuisines to Encourage Market Growth

Availability such a wide varieties of seaweed can makes it suitable for incorporation into cuisines of several countries, which is likely to drive the global edible seaweed market in the years to come. It is quite possible to eat too much of seaweeds, however, people with allergies should refrain from eating them lest it harms them.

Each type of seaweed comes with a little different minerals and nutrients. In general, consumption of seaweeds is a simple way to augment one’s intake of minerals and vitamins sans any calorie.

Generally, edible seaweed comes with a good supply of the following

  • polyunsaturated fatty acids
  • carbohydrates
  • minerals
  • fiber
  • protein

The thyroid gland regulates and releases hormone for cellular repair, the growth of the body, and production of energy. The gland needs iodine to work smoothly and correctly but the amount of iodine that a human body needs depends on the thyroid gland of the person. Deficiency of iodine

Often leads to underactive thyroid gland or hypothyroidism. It might lead to the development of goiter, which is a noticeable enlargement of the gland. Patients with such a condition are mostly advised to ensure that their diet contains substantial amount of iodine. In case of hyperthyroidism, the iodine consumption is in excess and the patient needs to cut down the consumption of iodine. Seaweeds are powerhouse of iodine. A particular type of edible seaweeds, kombu is considered as the richest source of iodine. It is followed by wakame and nori in iodine content. Intake of seaweeds might help in the treatment of hypothyroidism. This factor is likely to support growth of the global edible seaweed market.

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.

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.

Global Edible Seaweed Market: Segmentation

Global edible seaweed market is segmented based on product type, form end use, sales channel and region.

Based on the product type, the global edible seaweed market is classified as follows:

  • Red Algae
  • Brown Algae
  • Green Algae

Based on the form type, the global edible seaweed market is classified as follows:

  • Liquid
  • Dried

Based on the end use, the global edible seaweed market is classified as follows:

  • Pharmaceutical Industry
  • Food and Beverages Industry
  • Chemical
  • Others

Based on the sales channel the global edible seaweed market is classified as follows:

  • Supermarket and Hypermarkets
  • E-commerce
  • Convenience Stores
  • Others

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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