Carrageenan is an additive used to thicken, emulsify, and preserve foods and drinks. It’s a natural ingredient that comes from red seaweed (also called Irish moss). You’ll often find this ingredient in nut milk, meat products, and yogurt.
Market Data Analysis:
The Carrageenan market is projected to be valued at USD 901 million in 2019 and is anticipated to generate revenue of USD 1,297 million by the end of 2026, progressing at a GAGR of 5.34% between 2019 and 2026.
Carrageenan global market is significantly rising across the globe on the back of the rising demand for organic ingredients in the processed food ingredients. A large number of functional and health benefits of the product are expected to boost the growth of the market. On the contrary, there are some factors impede the growth of the market, including fluctuating raw material prices and high cost of products and health concerns related to gastrointestinal and inflammatory diseases. The development of Pharmaceuticals & Personal care Industries will provide new opportunities for the growth of the market.
Asia-Pacific was the major revenue generating region in 2018 with a share of 50.16% and is expected to garner growth in the coming years. The growth in this region can be attributed to the increasing demand for immediate and processed food. China is the major market in Asia-Pacific, owing to an increasing application of carrageenan in confectioneries and frozen dairy products. Europe is the second largest market at a share of 25.91%, followed by North America, accounting for 19.36%.
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Market Classification:
Global Carrageenan market: Type segments
l Kappa-carrageenan
l Iota-carrageenan
l Lambda carrageenan
Global Carrageenan market: Application segments
l Food and Beverages Industry
l Daily Chemical Industry
l Pharmaceutical Industry
Global Carrageenan market: regional segments
l North America (United States, Canada, and Mexico)
l Europe (Germany, France, UK, Russia, and Italy)
l Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
l South America (Brazil, Argentina, Columbia)
l The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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To gain insight into the competitive landscape, the report includes an overview of key players in the Carrageenan market, including Marcel Carrageenan, FMC, Shemberg, CEAMSA, Seatech Carrageenan Company, Danisco, Gelymar, Karagen Indonesia, CP Kelco, ISI, Cargill, TBK, Accel, CC, MCPI, TIC Gums, Brilliant, Greenfresh, LONGRUN, Global Ocean, Gather Great Ocean, Xieli, etc. These participants have adopted various growth strategies to meet the growing demand for Carrageenan market and to increase their market share.
Carrageenan Market Intended Audience:
l Carrageenan manufacturers
l Carrageenan importers and exporters
l Carrageenan traders, distributors, and suppliers
l Raw material suppliers of Carrageenan
l Carrageenan industry associations
l Product managers, Carrageenan industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Carrageenan Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Carrageenan Market by Types
4 Segmentation of Carrageenan Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Carrageenan Market in Major Countries
7 North America Carrageenan Landscape Analysis
8 Europe Carrageenan Landscape Analysis
9 Asia Pacific Carrageenan Landscape Analysis
10 Latin America, Middle East & Africa Carrageenan Landscape Analysis
11 Major Players Profile
11.1 Marcel Carrageenan
11.1.1 Marcel Carrageenan Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 FMC
11.3 Shemberg
11.4 CEAMSA
11.5 Seatech Carrageenan Company
11.6 Danisco
11.7 Gelymar
11.8 Karagen Indonesia
11.9 CP Kelco
11.10 ISI
11.11 Cargill
11.12 TBK
11.13 Accel
11.14 CC
11.15 MCPI
11.16 TIC Gums
11.17 Brilliant
11.18 Greenfresh
11.19 LONGRUN
11.20 Global Ocean
…
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