Sea Vegetables Projected to Gain Significant Value by 2019-2027
Sea Vegetables Market: Overview
Sea vegetables find wide application in catering & food service companies that mainly used nori, wakame, and kombu in Japanese and Asian cuisine. Although the demand has been rising from this sector, the food processing, and the retail market is continuously growing. About a quarter of the world market is supplied by European producers, mainly from the French and Spanish regions. Most of the companies are vertically integrated, involved in collecting and drying seaweeds, processing it, as well as making end products.
The global demand for sea vegetables is expected to expand with an impressive CAGR over the forecast period.
Sea Vegetables Market: Drivers & Restraints
The prime factors boosting the sea vegetable market is the catering and food service, growing number of food processors, retail penetration, and more awareness about health and nutritional benefits. The food and catering services continues to drive the sea vegetable market as more than half the sales volume go to this particular sector. Apart from Asian food, the sea vegetables are finding application in European cuisines. Retail penetration is on a rise due to specialist retailers, and some of the main stream retailers are also introducing these products. Due to high demand for organic food and more and more consumers shifting towards a healthy lifestyle, the demand is rising amongst the organic food shops and health food retailers. Sea vegetables are a rich source of iron and vitamins, which has been attracting the millennials.
Low consumer awareness about sea vegetables has been hampering the growth in the market. Most consumers don’t know how to include the sea vegetables in their food. Although the market is growing, there’s relatively low demand from the food processors. Higher product prices in some region are also discouraging the producers to launch retail products due to competition with lower priced Asian products.
Want to know the obstructions to your company’s growth in future? Request a brochure here
Browse more detail information about this report visit at at https://www.transparencymarketresearch.com/sea-vegetables-market.html
Sea Vegetable Market: Market Segmentation
The Sea Vegetable Market is segmented into five parts based on the type, application, end user, sales channel, and geography. With the rise in health conscious demographic around the world, the producers are constantly working on enriching and producing sea vegetable with extra nutrition in their products which has been driving the sea vegetable market.
Based on the type, the Sea Vegetable market is segmented into: Nori Atlantic wakame Kombu Dulse
Based on application, the Sea Vegetable market is segmented into: Food Medicine
Based on the end user, the Sea Vegetable market is segmented into: CFS Sector Food Processors Retail Sector
Based on sales channel, the Sea Vegetable market is segmented into: Retailers Internet Retailers Specialist Retailers Organic and Health Food retailers
Looking for exclusive market insights from business experts? Request a Custom Report here
Sea Vegetable Market: Regional Outlook
Request For Custom Research At https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=69467&source=atm
Regarding geography, Sea vegetable Market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. Sea vegetable market is expected to register healthy CAGR during the forecast period due to the high demand amongst CFS sector and rise in health conscious demographic. In terms of regions, APEJ and Japan accounts for significant share of sea vegetable market, owing to the high growth and demand in CSF sector in the region as compared to other developed regions as the region caters to highest sea vegetable consumer population. Japan remains one of the world's largest sea vegetable producers and exporters, the Japanese names for sea vegetables are among the most common names found in grocery stores throughout the European regions accounts for a healthy share in terms of sea vegetable primarily used in CSF sector. The food processor sector in the region is anticipated to further add value to the sea vegetable market in the region. North America is also a matured market and has been generating demand for sea vegetable amid high demand from the CSF, food processing, and retail sectors. Latin America is also expected to grow at a significant CAGR with the rise in health conscious population. The Middle East and Africa is expected to grow a medium rate.
Sea Vegetable Market: Key Players
Few of the major players in the sea vegetable market include, Kai Ho, Mendocino, Setalg. These companies are being profited with the increase in the sale of sea vegetables across the globe.
Few players identified in sea vegetable market are:- Setalg Les Ouessantines Aqua B Algae Service Kai Ho Mendocino C`Weed Sarl Biocean Porto Muinos Spenn Kot Tazaki Foods
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis
The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Request for TOC of This Report visit at https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=69467&source=atm