According to a research report titled ‘Global Seaweed Snack Market Research Report: Forecast (2021-2026)’, available with Market Study Report, global seaweed snack market is expected to register a compound annual growth rate of 9% over 2020-2026.
 

As per the findings of the report, growing awareness about the health beneficial content of seaweed, such as antioxidants, folic acid, amino acid, calcium, omega-3 fatty acid, is boosting global seaweed snack market growth. In fact, seaweed supports gut health, regulates thyroid function, and reduces the risk of heart disease as well as type 1 & 2 diabetes.
 

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Furthermore, increasing adoption of sedentary lifestyle, rising popularity of vegan diets, and rising demand for gluten free and GMO-free food, are further promoting overall industry expansion. Moreover, seaweed is established as a carbon-negative food source and has less impact on the environment, thus creating new opportunities for industry growth.
 

For the uninitiated, seaweed is edible algae that grows in the sea and has a high proportion of both soluble and insoluble fiber.
 

Speaking of the latest events, the Covid-19 pandemic-imposed lockdowns have restricted the operations of restaurants and food joints, thereby adversely affecting the demand in global seaweed snack market.
 

Further, the disruption in supply chains and decline in discretionary spending are likely to impede the growth of the market in the ensuing years.
 

Based on distribution channel, global seaweed snack market segmentation is comprised of online and offline (convenience store, hypermarkets & supermarkets, and specialty stores).
 

By product type, the business vertical is arrayed into nori sheets, flakes, chips, bars and others. Among these, nori sheets captured a significant share in the market during 2019. The launch of new flavored products, widespread use of nori sheets for wrapping sushi, and its use as a healthy garnish alternative are boosting the segmental growth. 
 

Moving on to the source type, the industry is classified into brown, green and red variants. The red source is anticipated to register a robust CAGR during the forecast period owing to its high protein content and use as an ingredient in meat alternatives. Moreover, increasing awareness among customers regarding the health benefits of red seaweed, such as lowered risk of cancer, obesity, type 2 diabetes and cardiovascular diseases will aid segmental growth in the upcoming years.
 

On the regional front, Asia Pacific accounted for the largest portion of the global seaweed snack market share in the recent past and is expected to register remarkable growth during the forecast period. Countries such as Japan, China, and South Korea host the biggest market for seaweed snacks, owing to the substantial presence of major market players and frequent introduction of innovative products.
 

Key contenders in the global seaweed snack market space are Singha Corporation Co. Ltd., Seaweed Market OÜ, Ocean's Halo, SeaSnax LLC, KPOP Foods Inc., Kimnori U.S.A. Inc., Annie Chun's Inc., Frito-Lay Inc., gimMe Health Foods Inc., and Taokaenoi Food & Marketing PCL.