Europe 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
According to the report, published by Market Data Forecast Europe Carrageenan Market which is estimated to be USD 133.2 million in 2016 is poised to reach USD 168.47 million by 2021, at a CAGR of 4.81% from 2016 to 2021.
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The demand for carrageenan market is gradually increasing in European region. Consumers purchase more treated food, which often cover thickeners, such as carrageenan.
In the next few years, demand from the European food industry for carrageenan is likely to continue to grow at the same rate.
Availability of other substitutes of carrageenan is limiting the market growth.
To give brief idea European carrageenan producers usually contract farmers in countries like Indonesia to grow their raw materials. Carrageenan is mostly found in the Atlantic oceans near to North America and Europe.
There are numerous carrageenan’s, divergent in their chemical arrangement and properties, and consequently in their usages. Companies manufacturing carrageenan gels are further improved and prolonged to meet the increasing demand of excellence carrageenan products.
Europe Carrageenan Market is segmented based on type, application and end-users as mentioned below for attaining a more granular perspective of the market. In the report, each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.
Market Segmentation Analysis:
- Ø Kappa
- Ø Lota
- Ø Lambda
- Ø Food Industry
- Pet Food
- Pharmaceutical Industry
- Cosmetics Industry
- Ø By Grade
- Refined Carrageenan
- Semi Refined Carrageenan
- Ø Seaweed Source
Geographically the market is segmented into Germany, U.K., Italy, Spain and France. U.K. and Germany are the foremost importers owed to heavy demand from end use trades existing in these regions.
Pharmaceutical industry is one of the key end-use industries of carrageenan due to its expanding application as gelling agent
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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