Key Market Dynamics
- The rising demand for healthy food among the global population has been instrumental in driving the growth of the market. The increasing use of fertilizers and pesticides has, in turn, led to many plants becoming resistant to these fertilizers and pesticides. Therefore, to increase the effect of these chemicals and fertilizers on plants and increase the yield, many farmers are using pesticides and fertilizers with stronger chemical compositions. In addition, The growing prominence of online shopping is a seaweed snacks market trend that is expected to have a positive impact in the coming years. The online distribution channel, also known as e-commerce, has been significantly fueling the growth of the global seaweed snacks market over the last decade. The increased global penetration of smartphones has fueled a significant rise in the number of e-commerce vendors across the world.
- However, the distribution challenges will be a major challenge for the seaweed snacks market during the forecast period. Retail stores such as supermarkets, hypermarkets, and large chains of discount or convenience stores have become important distribution modes for manufacturers and vendors of seaweed snacks. However, this presents some serious challenges for manufacturers. Manufacturers are under significant pressure regarding the prices and margins of seaweed snacks products, as retail stores operate at a lower profit margin.
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