Seaweed market trends in Laos

Published Jul 23, 2024

Tridge summary

The Laos seaweed market has seen a significant increase in import volume over the past five years, with Thailand being the top importer. The market is growing due to the rising interest in healthy food and the introduction of seaweed through K-content. Despite the logistical challenges, Korea's seaweed imports have also increased. Laotian consumers prefer products that are both affordable and familiar. To import seaweed products into Laos, importers must go through a registration and permission process and adhere to the Lao labeling ordinance. The Laos government also imposes a 10% special consumption tax on imports. Companies can promote seaweed products by adding nutritious ingredients, individually packaging them, developing recipes, and supporting local distributors.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Popular seaweed in Laos… Must have Korean strengths Seaweed import volume has increased over the past five years More than 3 times more than the previous year in 2022 The number one importing country is Thailand... overwhelming market share Korea will increase threefold compared to the previous year in 2023 Price and familiarity with consumers are priorities Has the strength to compete with cheaper products from competing countries Develop recipes and support marketing for distributors Focus on promoting Korean Wave by actively utilizing it The Laos seaweed market is not large due to the limitations of being a landlocked country without an ocean, but it is growing as interest in healthy food increases. In particular, as seaweed soup and kimbap are introduced as healthy seaweed through K-content, young and older people in Laos are paying attention. Unlike in the past when Laos only thought of seaweed as a snack, it has become widely available as a side dish as various recipes can ...
Source: Fisheco
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.