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.
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.
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.
Key points covered in the report
- Report segments the market on the basis of types, application, products, technology, etc (as applicable)
- The report covers geographic segmentation
- North America
- The report provides the market size and forecast for the different segments and geographies for the period of 2017 to 2025
- The report provides company profiles of some of the leading companies operating in the market
- The report also provides porters five forces analysis of the market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.