Gourmet Seaweed Seasoning Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1661
Global Gourmet Seaweed Seasoning Market size is anticipated to register healthy growth between 2017 and 2024. Growth of the market is attributed to product’s multiple benefits as an antioxidant and nutritional herb.
Seasoning of gourmet cuisine is carried out to enrich it with fragrance and flavor. This cuisine has become a status symbol and seasoning gives a mouthwatering appearance to the food. Seaweed seasoning possesses antioxidant property that protects food from microbial and chemical reactions and acts as a food preservative. Further, increasing demand for western cuisines including French and Italian along with changing consumer food habits will lead to increased consumption of seaweed seasoning. Global organic food & beverage industry is projected to grow at a healthy rate. Positive impact of this industry is likely to boost gourmet seaweed seasoning market in the forecast timeframe.
Seaweed seasoning provides beneficial nutritional value. Additionally, rising consumer awareness pertaining to medicinal benefits of different spices such as turmeric, cinnamon, and cloves has resulted in increased consumption of seaweed seasoning. Seaweed seasonings are used to cure diseases such as cough, fever and fungal infections and work faster as compared to other antibiotics. Increasing rate of viral infections, cold and fever owing to fluctuating climatic conditions, changing lifestyles and unhygienic food habits has propelled gourmet seaweed seasoning market for its medicinal properties.
The compound is also used in preparation of sea salt as its blend is delicious, high in nutrition and iodine content. Different types of wildcrafted sea and organic vegetables are added in gourmet seaweed seasoning for unique and savory flavor. Further, this gourmet seaweed seasoning adds flavor along with nutritional benefits to any dish. These multiple benefits of the product and increasing usage of sea salt in food products offer a promising growth to gourmet seaweed seasoning market during the forecast period.
However, certain factors such as indefinite climatic conditions of various countries producing spices and their unorganized logistics can hamper gourmet seaweed seasoning market in near future. Another factor that may impact the consumption is stringent government regulations that govern import & export of spices. But, market is witnessing a boosting demand of organic seaweed seasoning that gives potential growth opportunity in next seven years.
Various product types in which gourmet seaweed seasoning is available are spices, herb, pepper, and salt. This salt is preferred more than normal salt as it possesses balanced iodine content. The market is segmented based on type of pigmentation used in the product such as green (chlorophyceae), red (rhodophyceae) and brown (phaeophyceae). The products are distributed in the market through different distribution channels that include small retailers, online shops, hypermarket, supermarket and others.
Asia Pacific had registered a significant growth in global gourmet seaweed seasoning market in the last five years. In India spices are grown traditionally and are used to cure various diseases. These spices are a form of gourmet seaweed seasoning and are also used in Ayurveda and many food products. Western Europe is contributing substantially in the market as French and Italian cuisines use this seasoning on a wide scale. Pepper and salt are used in these cuisines to add flavor and fragrance to food dishes. North America is a hub for many pharmaceutical companies such as Pfizer, Novartis, Johnson & Johnson, Roche, Actavis, and Sanofi. These companies use the compound in their drugs formulation for its medicinal properties. Thus, the region is anticipated to provide a booming platform to gourmet seaweed seasoning market till 2024. Middle East & Africa is at a nascent stage in the global market but will depict a positive scenario in near future.
Key industry players in the market include Isokoma Nori Co., Ltd, Atlantic Seaweeds Ltd, Bragg Live Foods, Inc, Mishima Foods U.S.A., Inc, Nori Komi Furikake, FlaVit Foods, Mara seaweed, Celtin Sea Salt, Azure Standard and LuckyVitamin Corporation.
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