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Seaweed Flavor Market Size
Seaweed Flavor Market size is poised to grow with a lucrative CAGR from 2024 to 2032, owing to rising health advantages, such as decreased blood pressure and cholesterol levels, weight management, and ease of digestion along with growing demand in the food & beverage (F&B) industry. The emerging trend of accessibility in retail stores and supermarkets is fueling the demand for seaweed flavor. Manufacturers have been trying to diversify their product offerings through the innovation of assorted flavors. Increasing consumer preference for low-salt products and numerous flavors is also driving the market expansion.
Seaweed Flavor Market Trends
The rapidly rising elite population is preferring a healthier lifestyle due to which the demand for seaweed flavor has been rising owing to anti-inflammatory, antimicrobial, and antioxidant properties. With its exceptional nutritional profile boasting abundant minerals, vitamins, and a slight bacon flavor, the demand for dulse is rising as it presents a promising avenue for diversifying food products.
Rich in essential vitamins A, B, and C, as well as magnesium, iron, and zinc, dulse is also opening new possibilities for enriching various food items. These innovative algae, along with other seaweed species, contains valuable components such as proteins, minerals, polyunsaturated fatty acids, and dietary fiber, further propelling the market growth.
Seaweed Flavor Market Analysis
The market value from the laver raw material segment is anticipated to gain notable traction through 2032, due to its smooth texture and purple color. Given its rich iodine content, laver renders a unique flavor when combined with oysters and olives, influencing its use in different applications. On the other hand, kombu is extensively used in Japanese cuisines and is sold dried and pickled in vinegar. It can be pickled with a sour and sweet flavor while being used for preparing beverages and seasonings.
Based on application, the seaweed flavor industry from the beverages segment is expected to amass a substantial revenue share by 2032, owing to the rapid growth of craft beers. Seaweed extracts are driving innovations in the brewing industry as they help in eliminating impurities that can cloud the final product. Functioning as a clarifying agent while helping in removing surplus protein from the wort, they contribute to the production of clear, light beer. This utilization of seaweed extracts not only enhances beer quality but also underscores their significance as a key ingredient for shaping brewing practices and consumer preferences.
Asia Pacific accounted for a sizable share of the seaweed flavor industry in 2023 and is poised to witness significant growth through 2032, backed by the gaining popularity across the F&B sector. In January 2023, Boonrawd Trading Co Ltd, the firm behind the Masita seaweed snack brand, introduced two new products- Big Size Korean-style roasted seaweed, original taste, and Seaweed Rice Seasoning.
Seaweed Flavor Market Share
Some of the key participants involved across the seaweed flavor industry are
- Mara Seaweed
- Ocean’s Halo
- VitaminSea Seaweed
- Atlantic Holdfast Seaweed Company
- Maine Coast Sea Vegetables, Inc.
- Acadian Seaplants Ltd.
- Annie Chun’s Inc.
- CJ CheilJedang Corporation
- Eden Foods, Inc.
- Seamore Holding B.V.
These companies are focusing on expanding their product portfolio and framing strategies to gain competitive benefits
Seaweed Flavor Industry news
- In November 2022, OCEANIUM, a Scottish biotechnology company, developed a high-fiber seaweed-based one-for-one methylcellulose alternative for plant-based meat that can also be used in gluten-free bread and drinks.