The growing demand for processed food and rising demand for organics products within the processed food products are driving the market for Carrageenan.
Market Size – USD 894.8 Million in 2018, Market Growth – CAGR of 5.5%, Market Trends – High demand from the food and beverage industry.
The global Carrageenan Market is forecast to reach USD 1.46 Billion by 2027, according to a new report by Reports and Data. It is an additive that is used to emulsify, thicken, and preserve foods and beverages.
It’s a natural ingredient that is derived from red seaweed, also called the Irish moss. This ingredient is commonly used in meat products, nut milks, and yogurt. The major demand of the carrageenan is from the food industry. The highest application of the market is especially from the dairy products. The ingredients are used in the food, pharmaceuticals, and cosmetic industry, among others.
Carrageenan is among the most common food additive with no nutritional value. It is expected to trigger inflammation and gastrointestinal ulcerations, and it damages the human digestive system. It is linked to ulcerations and cancers of the gastrointestinal tract. Undergraded carrageenan is widely used with malignancies and stomach problems. Moreover, acid digestion, bacterial action, heating, and mechanical processing can all accelerate degradation of food-grade carrageenan.
Fluctuations in the prices of raw materials affect the prices of market products, and it restricts its growth. Fulfillment of stringent regulations regarding the application of carrageenan in some countries is a major challenge for the manufacturer.
The market is dominated by the Asia-Pacific region owing to abundant production in countries such as China, India, and the Philippines. The applications of it were observed in several industries, such as cosmetics, food, pharmaceuticals, and others.
Request free sample of this research report at : https://www.reportsanddata.com/sample-enquiry-form/2671
Key findings in the report:
- Kappa and Iota are among the type of carrageenan formed with potassium and calcium salts, which are colossally used as gelling agents in the food and beverage industry. Increase in demand for gelling agents in caramel sauces, dairy desserts, dips, and other dairy and non-dairy beverages is the key factor propelling iota and kappa products demand.
- The rising consumption of processed foods is a major driving factor that drives the global carrageenan market. The stabilizing, gelling, and thickening properties, makes it ideal for the application in the bakery and confectionary, dairy, beverages industries. It is expected to drive the global demand.
- Kappa carrageenan forms rigid, strong gels in the presence of potassium ions, and reacts with dairy proteins. It is sourced mainly from Kappaphycus alvarezii. Kappa is used for thickening, water-binding, and gelling. The use of it in concrete preparation could result in a high compressive strength, flexural strength, and impact toughness.
- Europe held the second-largest share in the carrageenan market. The processing of the product takes place mainly in countries such as France and Denmark, surging the production across the region.
- Key participants include AEP Colloids, Gelymar SA, Danisco A/S, Shemberg Marketing Corporation, Marcel Trading Corporation, MCPI Corporation, ACCEL Carrageenan Corporation, Ina Food Industry Co. Ltd., PT Fortuna Cahaya Cemerlang, and Danlink Ingredients (Pty) Ltd., among others.
- In May 2019, Gelymar S.A is the third-largest carrageenan producer across the globe, and it completed its capacity expansion program initiated 24 months ago with a USD 15 Million investment. Its production capacity is now doubled at about 10,000 metric tons of product.
Carrageenan Market Size, Share And Industry Analysis By Type (Kappa, Iota, Lambda), By Grade, By Source (Stabilizer, Thickener, Gelling Agent, Others), By Application And Region, Segment Forecasts To 2027, To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/carrageenan-market
For the purpose of this report, Reports and Data have segmented into the global Carrageenan market on the basis of type, grade, source, application, and region:
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
- Kappa
- Iota
- Lambda
Grade Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
- Refined Carrageenan
- Semi-Refined Carrageenan
Source Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
- Stabilizer
- Thickener
- Gelling Agent
- Others
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
- Food Industry
- Pharmaceuticals
- Others
Order Now: https://www.reportsanddata.com/checkout-form/2671
Regional Outlook (Revenue in USD Billion; 2017–2027)
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Egypt
- Rest of MEA
Table Of Content
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Carrageenan Market Segmentation & Impact Analysis
4.1. Carrageenan Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. High demand for processed food.
4.2.2.2. Rising demand for organic food products.
Continue …
Browse similar research reports:
Instant Coffee Market Analysis By Type, By Application, By Region, Forecast To 2027
Fresh Cherries Market Size, Share & Analysis, By Type, By Application, And By Region, Forecasts To 2027
Pet Dietary Supplement Market Size, Share & Growth, By Pet Type, By Distribution Channel, By Region, Segment Forecasts To 2027
Specialty Fats and Oils Market Size, Share & Analysis, By Type, By Form, By Functionality, By Application, By End-Use, Forecasts To 2027
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs | Facebook
Read Full Press Release@ https://www.reportsanddata.com/press-release/global-carrageenan-market
