Carrageenan Market: Market Overview
Carrageenan (also known as carrageenin) comes under the family of linear sulphated polysaccharides which are extracted from red edible seaweeds and are broadly used in the food industry. The basic properties of Carrageenan are thickening, gelling and stabilizing and suspending agents in milk and water system. Carrageenans are widely used in the food industry applications such as dairy products and meet product as they are having a strong binding of food proteins. Carrageenan mostly found in the Atlantic Ocean near the shore of UK and North America. Carrageenans are classified into three types namely; Iota, Kappa and Lambda.
The global Carrageenan Market is expected to reach at US$XX billion by 2027 and is estimated to reach XX million mt by 2027 at a CAGR of XX% over the forecast year.
Global Carrageenan Market: Key Players
The key players present in the Carrageenan Market includes
- Marcel Trading Corporation,
- ACCEL Carrageenan Corporation (ACC),
- Rico Carrageenan,
- Gather Great Ocean,
- Global Ocean,
- TIC Gums,
- TBK, Cargill,
- ISI, CP Kelco,
- Karagen Indonesia,
- among others
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Global Carrageenan Market: Market Segmentation
As per the MRFR, the global carrageenan market is segmented into product types and applications.
The carrageenan are classified into three types:
- Iota Carrageenan
- Kappa Carrageenan
- Lambda Carrageenan
The application segmented is classified into:
- Food Industry
- Pharmaceutical Industry
- Other Domestic Uses
Carrageenan Market: Applications
Carrageenans are mostly found in the Atlantic oceans near to North America and Europe. Carrageenans are widely used in food industries such as dairy products and meet products and very rich source of proteins. Moreover, the carrageenans are used in other industries for thickening, gelling and stabilizing. These all factors are creating a huge demand for carrageenan.
Global Carrageenan Market: Market Growth Influencer
Global Carrageenan Market has seen a potential growth in the past few years. As on 2011, carrageenan had the estimated global sale of US$ 640 million where Philippines was the biggest producer of industrial carrageenan and China is the major exporter to the US and European market. Commonly used sources in carrageenan are E. spinosum (Eucheuma denticulatum) and E. cottonii (Kappaphycus alvarezii, K.striatum), together they provide about three quarters of the global population. Increasing demand for food product, dairy products and meet products have driven the carrageenan market across the globe. As large population prefers non vegetarian food however, there is a huge demand is generated from meet product segments.
Analysis also includes consumption. Import and export data for Regions North America, Europe, China, Japan, Southeast Asia, India.
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Global Carrageenan Market: Regional Analysis
Europe and Asia-Pacific are considered as the key market for global carrageenan market. Increasing demand for processing food and meet products in APAC region has witnessed the huge demand for carrageenan and in Europe the dairy products are given so much of preferences which have anticipated the demand for this particular product. The Asian countries such as China, India, Japan, Indonesia, Russia and several others have projected to drive the market because of the wealthy and emerging economy. And China is considered to the largest market in APAC region because of the strong industrialization. These factors has resulted the carrageenan market to have a commendable growth in future. North America is considered to the largest market for carrageenan. Middle East & Africa is one of the most preferred meet and processed food consumption region.
The market is divided into the following segments based on geography:
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Key questions answered in this report
What will the market size be in 2027 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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