08-Dec-2022 | Zion Market Research
The global dried seaweed market size was worth around USD 14000 million in 2021 and is predicted to grow to around USD 28000 million by 2030 with a compound annual growth rate (CAGR) of roughly 9.10% between 2022 and 2030.
Dried seaweeds have origins in water bodies that are produced by drying the marine algae called seaweed. It is a century-old tradition, especially in Japanese, Chinese, and Korean cultures where the harvested seaweed is used widely for consumption as food items. Since seaweed, in general, has various health benefits associated with them, the western world is slowly and steadily accepting food items made with seaweeds in their regular diet.
Dried seaweed chips are gaining extreme popularity amongst other forms. There are several methods for drying seaweed involving using an oven or a dehydrator, post thoroughly cleaning the seaweed. While using a dehydrator, the recommended temperature is 95 degrees Fahrenheit for as long as 8 hours, while using an oven, the temperature should be around 260 degrees Fahrenheit for 3 hours. Even though they are full of minerals, vitamins, fibers, and other nutritional components, there are certain concerns surrounding their excess consumption.
For instance, the high iodine content of seaweeds can result in hyperthyroidism in some cases if consumed for a longer time. It is recommended to use only small proportions of dried seaweed and to refrain from consuming these food items at regular intervals.
Covid-19 had a negative impact on the global market cap since there were disruptions in the supply chain in producing the final goods as well as producing the raw material. The impact was extremely high during the complete lockdown when coastal areas were sealed off resulting in less cultivation of seaweed and the subsequent impact on final production. However, the demand for dried seaweed witnessed a small but significant increase due to household use.
The global dried seaweed market is projected to grow owing to the rising sushi-eating culture observed globally. Even though, a traditional Japanese food item, the market penetration of the sushi industry is exceptionally high and has seen monumental growth in the last few years. This can be attributed to the positive impacts of globalization which has resulted in products accessible from one corner of the world to another. Nori, a type of dried and consumable seaweed is used extensively in sushi preparation.
The sushi market is projected to reach a market value of USD 12 billion by 2030. The growing adoption of sushi food culture can be attributed to excellent marketing strategies adopted by the food and service industry which is coupled with the exemplary taste offered by the food item. Since it is neither considered a fast food nor does it contain extremely harmful ingredients, it is well preferred amongst health-conscious people as well which may help in global market size expansion.
The concerns over the presence of heavy metals in seaweed may restrict the global market growth while properties like assistance in maintaining heart conditions are anticipated to provide expansion opportunities. The increasing water pollution is projected to challenge global market growth
The global dried seaweed market is segmented based on application, end-users, type, and region
Based on application, the global market is divided into food, medicine, skincare, anti-pollutants, and others. As per a 2017 report by The Fish Site, more than 9 billion pieces of dried seaweed are consumed in a year in Japan
Based on end-users, the global market segments are humans and animals. Even though the segment is led by humans, 1 tablespoon of dried seaweed can be used for dog foods.
Based on type, the global market segments are kombu, wakame, dulse, nori, kelp, and others. Nori leads the segment. Around 295.9 square meters of Japanese coastal waters are available for producing 3,50,000 tons of nori.
Asia-Pacific is expected to dominate the global dried seaweed market owing to the presence of large-scale producers of dried seaweed in the regions like China, Japan, Korea, and India, which are the four main countries contributing to the regional growth. Sushi has its origin in Japan and the hotels, restaurants, and providers of the food items are major market propellers.
The recent initiatives undertaken by official Indian authorities to enter the seaweed market by utilizing its seaweed-rich coastal areas may also help in generating high revenues in the coming years. China is expected to lead the Asia-Pacific driven by the country’s motto of self-reliance and becoming a world leader in almost all industries. Europe is also projected to grow significantly in the coming years which is likely to result from governments' actions to put European countries on the world map for seaweed culture.
The global Dried Seaweed Market is dominated by players like Marcel Carrageenan, Seaweed Solutions AS, Green Ocean Farming, AtSeNova, Nantong Xinlang Seaweed & Foods Co., Ltd, Beijing Leili Agricultural Co., and Organic Irish Seaweed-Emerald Isle
This review is based on a report by Zion Market Research, titled “Dried seaweed Market By End Users (Humans, and Animals), By Application (Food, Medicine, Skincare, Anti-Pollutants, and Others), By Type (Kombu, Wakame, Dulse, Nori, Kelp, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/dried-seaweed-market
The global dried seaweed market is segmented as follows:
By End Users
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