July 18, 2022
As per the latest findings of the research report titled ‘Global Dulse Market Size study, by Form (Powder, Flakes, Liquid) by Distribution Channel (Business to Business, Business to Consumers) by End Use Industries (Food & Beverages, Nutraceuticals, Retail/Household, Animal Feed, Cosmetics & Personal Care, Others) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global dulse market is slated to account for a decent valuation by the end of 2028.
Knowledgeable analysts cite that growing popularity of veganism, coupled with rising application of seaweed in the commercial sphere are the major factors fuelling global dulse market growth.
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For the uninitiated, dulse is a type of seaweed that is a rich source of potassium and is considered as a super food owing its immense contribution in improving vision, lowering blood pressure, and building bone health. It iis also a crucial aid for effective digestion. Apart from this, rapid urbanization, and steady uptake of plant-based food items by consumers are likely to uncover new prospects for market expansion in the forthcoming years.
Despite the positive outlook, high cost of seaweed products, and the prevalence of pandemic induced restrictions on end-use verticals may impede growth dynamics of the industry during the analysis timeframe.
Moving on to segmentation, worldwide dulse industry landscape is split in terms of distribution channel, form, and end-use industries.
From a regional frame of reference, North America, Asia Pacific, Latin America, and Europe are the major contributors to overall market remuneration. Here, North America stands out as the leading region with a substantial market share at present, attributable to the prevalence of key players, and the growing popularity of plant-based food products.
On the other hand Asia Pacific market is likely to gain prominence during the forecast period, creditable to the availability of cheap labor and favorable climatic conditions in the region.
Speaking of the competitive framework, Cenalga LLC, Bernard Jensen Products, Cascadia Seaweed Corporation, Celtic Sea Spice Company Ltd., Mendocino Sea Vegetable Company, Atlantic Holdfast Seaweed Company, Pacific Harvest Seaweeds, Maine Fresh Sea Farms LLC, and Maine Coast Sea Vegetables are the key companies influencing global dulse industry trends.