Carrageenan Market by Type (Kappa, Lota and Lambda), by Application (Food Industry (Dairy, Meat, Beverages and Pet Food), Pharmaceutical Industry and Cosmetics Industry), by Grade (Refined Carrageenan and Semi Refined Carrageenan), by Seaweed Source (Gigartina, Chondrus, Iridaea and Eucheuma) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
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According to the report Global Carrageenan Market, published by Market Data Forecast, The Market was worth USD 740 million in 2015 and estimated to reach USD 962.58 million by 2021 with a growing potential of 5.4%.Carrageenan is a significant salad ingredient and preservative in food, special care, pharmaceuticals and other industrialized applications.
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Carrageenan is a main ingredient in the food industry and is used for its gelling, condensing and stabilizing properties. It has varied applications in both dairy and meat products.
It is taken out from red algae and has been used in foods since several decades.
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Global carrageenan market has been observing substantial growth over the past few years because of growing demand from food & beverages sector and the demand is predictable to continue over the forecast period. Rising health concerns along with increasing demand for healthy food products are one of the major factors to propel the market over the next few years.
Increasing concern over gastrointestinal and inflammatory ailments among regulars has considerably hindered the carrageenan market.
Global Carrageenan Market: Segmentation
- By Type
- o Kappa
- o Lota
- o Lambda
- By Application
- o Food Industry
- o Dairy
- o Meat
- o Beverages
- o Pet Food
- o Pharmaceutical Industry
- o Cosmetics Industry
- By Grade
- o Refined Carrageenan
- o Semi Refined Carrageenan
- o Seaweed Source
- o Gigartina
- o Chondrus
- o Iridaea
- o Eucheuma
- o North America
- o Europe
- o Asia-Pacific
- o Latin America
- o Middle-East and Africa
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Increasing demand for immediate and processed food in Asia Pacific is anticipated to drive the demand for carrageenan in this region. Momentous consumption of dairy products in Europe is boosting the demand for carrageenan.
European Union and Latin America are also huge manufacturers of carrageenan, which is traded all over the world.
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The major players in the food grade carrageenan industry are AEP Colloids, Shemberg Marketing Corporation, Ingredients Solutions Inc., Gelymar SA, Soriano SA, Marcel Trading Corporation, Danisco A/S, Scalzo Food Industries, Altrafine Gums, TIC Gums Incorporation, Gum Technology Corporation, DuPont (U.S.), Cargill (U.S.), Kerry Group (Ireland), CP Kelco (U.S.), Ashland Inc (U.S.), Ingredion (U.S.), TIC Gums (U.S.) and Tate & Lyle (U.K.).
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