Market Overview:
The global seaweed salts market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for natural and organic products, rising awareness about the health benefits of seaweed salts, and growing applications of seaweed salts in various industries. The global seaweed salts market can be segmented on the basis of type into flake type and powder type. The flake type segment is expected to account for a larger share of the global market than the powder type segment during the forecast period. This can be attributed to its high demand in food applications owing to its superior flavor profile as compared to other types of salt substitutes. On the basis of application, the global seaweed salts market can be divided into home use and business use segments. The home use segment is projected to account for a larger share of this market than the business use segment during 2018-2030 owingtoits growing popularity as a natural alternativeto conventional table salt among consumers across all regions studied herein. Seaweed salt finds widespread application in various industries such as food & beverage, personal care & cosmetics, pharmaceuticals etc.
Product Definition:
Seaweed Salts are salts derived from seaweed. Seaweed is a type of algae that grows in the ocean. Seaweed Salts are used as a seasoning in food, and they are also used to make fertilizer.
Flake Type:
Flake type is a major category of dried algae, which includes both macro and micro algae. Macro algae are mainly used in the production of seaweed products such as alginates, carrageenan, agar-agar and other specialty products. Microalgae are consumed directly in their natural form for direct human consumption or further processed to obtain food additives or feedstock for other industries.
The global flake type segment was valued at USD 456 million in 2016.
Powder Type:
Powder type is a product category of seaweed which contains various types of algal cells, extracted and dried. Powder type can be used as an alternative to flakes or pellets in different applications such as food & beverage, cosmetics, animal feed and agriculture among others. The growing demand for natural ingredients across the end-use industries coupled with rising awareness regarding sustainable sourcing is expected to drive the global market over the forecast period.
Application Insights:
The business use segment dominated the global seaweed salts market in 2017, accounting for over 60% of the overall revenue share. The segment is expected to witness significant growth on account of increasing product demand from various industries including food and beverage, cosmetics, pharmaceuticals and animal feed among others.
Seaweed plays a vital role in providing nutrition to humans as well as animals. It is rich source of vitamins (A, B6 & C) along with minerals such as zinc and iron which has led to increased consumption in human diet across countries globally including China Japan Korea Philippines Indonesia Thailand Malaysia India Sri Lanka etc.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region’s seaweed salt production has witnessed a significant increase in recent years, which can be attributed to extensive farming of seaweed and development of new products. China is one of the major producers as well as consumers of these salts due to presence of numerous manufacturing companies located there.
Europe accounted for more than 20% share in global revenue owing to high consumption levels coupled with rising demand from countries such as France, Italy, Spain, Germany and U.K., among others. Asia Pacific was followed by Europe in terms of volume consumed globally owing to growing health awareness among people coupled with increasing disposable income level especially after economic reforms were introduced by former President Boris Yeltsin beginning from January 1st 1992 until December 31st 1993 (Russia).
Growth Factors:
- Increasing demand for natural and organic products: The global market for natural and organic products is projected to grow at a CAGR of more than 14% from 2016 to 2021. This growth is driven by the increasing awareness among consumers about the health benefits of consuming natural and organic products. Seaweed salts are a naturally occurring product and hence, they fall under the category of natural products. This is likely to drive the demand for seaweed salts in the coming years.
- Rising popularity of Asian cuisine: The popularity of Asian cuisine is on the rise all over the world. This trend is particularly strong in developed countries such as the US, UK, Germany, etc., where people are increasingly looking for new flavors and cuisines to explore. Seaweed salt plays an important role in many Asian dishes and its unique flavor profile is gaining traction among food lovers all over the world.
- Growing focus on healthy eating: There has been a growing focus on healthy eating in recent years as people have become more aware about how their diet affects their health outcomes .Seaweed salt contains various nutrients that are beneficial for human health such as iodine, magnesium, potassium, etc., which makes it an attractive option for people looking to improve their overall health .This growing focus on healthy eating is likely to drive demand for seaweed salts in coming years .
- . rising disposable income levels: A major factor driving growth in most markets across different categories nowadays happens due
Scope Of The Report
Report Attributes
Report Details
Report Title
Seaweed Salts Market Research Report
By Type
Flake Type, Powder Type
By Application
Home Use, Business Use
By Companies
Saltverk, North Sea Salt Works, OISHI SO JAPAN, Mara Seaweed, Kulau, TARI - Faroe Seaweed, Cornish Seaweed Company, 424 Salt, Masterstock Cape Wild Food, Saltverk
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Seaweed Salts Market Report Segments:
The global Seaweed Salts market is segmented on the basis of:
Types
Flake Type, Powder Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Use, Business Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Saltverk
- North Sea Salt Works
- OISHI SO JAPAN
- Mara Seaweed
- Kulau
- TARI - Faroe Seaweed
- Cornish Seaweed Company
- 424 Salt
- Masterstock Cape Wild Food
- Saltverk
Highlights of The Seaweed Salts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Flake Type
- Powder Type
- By Application:
- Home Use
- Business Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Seaweed Salts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Seaweed salts are a type of salt that is derived from seaweed. Seaweed salts are often used as a seasoning or condiment.
Some of the major players in the seaweed salts market are Saltverk, North Sea Salt Works, OISHI SO JAPAN, Mara Seaweed, Kulau, TARI - Faroe Seaweed, Cornish Seaweed Company, 424 Salt, Masterstock Cape Wild Food, Saltverk.
The seaweed salts market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Seaweed Salts Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Seaweed Salts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Seaweed Salts Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Seaweed Salts Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Seaweed Salts Market Size & Forecast, 2018-2028
4.5.1 Seaweed Salts Market Size and Y-o-Y Growth
4.5.2 Seaweed Salts Market Absolute $ Opportunity
Chapter 5 Global Seaweed Salts Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Seaweed Salts Market Size Forecast by Type
5.2.1 Flake Type
5.2.2 Powder Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Seaweed Salts Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Seaweed Salts Market Size Forecast by Applications
6.2.1 Home Use
6.2.2 Business Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Seaweed Salts Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Seaweed Salts Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Seaweed Salts Analysis and Forecast
9.1 Introduction
9.2 North America Seaweed Salts Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Seaweed Salts Market Size Forecast by Type
9.6.1 Flake Type
9.6.2 Powder Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Seaweed Salts Market Size Forecast by Applications
9.10.1 Home Use
9.10.2 Business Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Seaweed Salts Analysis and Forecast
10.1 Introduction
10.2 Europe Seaweed Salts Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Seaweed Salts Market Size Forecast by Type
10.6.1 Flake Type
10.6.2 Powder Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Seaweed Salts Market Size Forecast by Applications
10.10.1 Home Use
10.10.2 Business Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Seaweed Salts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Seaweed Salts Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Seaweed Salts Market Size Forecast by Type
11.6.1 Flake Type
11.6.2 Powder Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Seaweed Salts Market Size Forecast by Applications
11.10.1 Home Use
11.10.2 Business Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Seaweed Salts Analysis and Forecast
12.1 Introduction
12.2 Latin America Seaweed Salts Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Seaweed Salts Market Size Forecast by Type
12.6.1 Flake Type
12.6.2 Powder Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Seaweed Salts Market Size Forecast by Applications
12.10.1 Home Use
12.10.2 Business Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Seaweed Salts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Seaweed Salts Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Seaweed Salts Market Size Forecast by Type
13.6.1 Flake Type
13.6.2 Powder Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Seaweed Salts Market Size Forecast by Applications
13.10.1 Home Use
13.10.2 Business Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Seaweed Salts Market: Competitive Dashboard
14.2 Global Seaweed Salts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Saltverk
14.3.2 North Sea Salt Works
14.3.3 OISHI SO JAPAN
14.3.4 Mara Seaweed
14.3.5 Kulau
14.3.6 TARI - Faroe Seaweed
14.3.7 Cornish Seaweed Company
14.3.8 424 Salt
14.3.9 Masterstock Cape Wild Food
14.3.10 Saltverk
