Market Research Logo

Carrageenan Gum Market: Food & Beverages Application Segment Projected to Record Highest Revenue Growth Throughout the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016-2024

Carrageenan Gum Market: Food & Beverages Application Segment Projected to Record Highest Revenue Growth Throughout the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016-2024

The food and beverages segment is expected to dominate the global carrageenan gum market

The food and beverages application segment is expected to expand at a CAGR of 4% over the forecast period. This segment was estimated to create absolute $ opportunity of more than US$ 12,000 in 2016 over 2015, and is likely to record an incremental opportunity of over US$ 140,000 between 2016 and 2024. The food and beverages segment is anticipated to dominate the global carrageenan gum market by revenue over the forecast period. In 2024, the food and beverages segment is expected to contribute a revenue share of more than 52% to the global carrageenan gum market.

Increasing use of carrageenan gum in processed food is expected to drive its demand in the food and beverages segment

The functional properties of carrageenan gum and its versatility meet the needs and requirements of food and beverage manufacturers, as it improves the properties of food such as texture and stability of liquid content. In beverages, it is used for clarification of beer and as a fining agent in wine to remove protein. It is primarily used as a stabiliser, thickener, protein stabiliser, and particle suspension and emulsifying agent in various processed food products such as salad dressings, ice creams, dairy based products, sour cream and chocolate milk. Carrageenan gum is widely used as a substitute for animal based gelatins in various food products for vegan consumers. Carrageenan gum is also used in diverse food applications such as confectioneries, beverages and bakery products. An increasing consumption of carrageenan gum in various processed foods across the globe is anticipated to boost overall growth of the global carrageenan gum market to a certain extent over the forecast period. Another factor driving global revenue growth of the food and beverages segment is that hydrocolloids, especially carrageenan gum, is used in meat products to impart viscosity and texture. Increasing demand for processed meat products globally is fuelling demand for carrageenan gum in the meat processing industry. Moreover, various manufacturers are offering customers pre-packed sliced meat products that require more control of syneresis. In order to control syneresis, carrageenan gum is added to meat products to impart hard texture and enhance the shelf life of the products. This is expected to contribute to the growth of the food and beverages segment of the global carrageenan gum market during the period of forecast.

By revenue, the food and beverages segment is projected to dominate the North America carrageenan gum market

Increasing usage of carrageenan gum for application in dairy and confectionery products is expected to drive revenue growth of the food and beverages segment globally over the forecast period. The food and beverages industry in Europe and Asia Pacific is expected to witness favourable growth due to regular introduction of new and innovative products coupled with increasing per capita income levels in the respective regions. The carrageenan gum market in Europe is expected to remain dominant in terms of both value and volume share over the forecast period. The Europe carrageenan gum market is anticipated to hold a revenue share of more than 35% in the global carrageenan gum market by 2024, closely followed by the APAC carrageenan gum market with a revenue share of more than 20%. High demand for carrageenan gum for application in meat processing is anticipated to support the growth of the food and beverages segment over the forecast period in Europe. Increasing consumption of processed foods in Asia Pacific is expected to drive demand for carrageenan gum over the forecast period; while in MEA, a growing preference for carrageenan gum as a stabiliser and emulsifier in processed food products is expected to drive growth of the food and beverages segment over the forecast period.


1. Executive Summary
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
3. Global Carrageenan Gum Market Analysis Scenario
3.1. Market Size and Forecast
3.1.1. Market Size and Y-o-Y Growth
3.1.2. Absolute $ Opportunity
3.2. Industry Value and Supply Chain Analysis
3.2.1. Value Chain
3.2.2. Gross Profitability Margins
3.2.3. List and Role of Key Participants
3.2.3.1. Raw Material Suppliers
3.2.3.2. Manufacturers
3.2.3.3. Distributors/Retailers
3.2.3.4. End users
3.3. Location Analysis
3.3.1. Top Producing Countries
3.3.2. Top Consuming Countries
4. Market Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunity
4.4. Trends
4.5. Overview on Functional Properties
4.6. Product Overview by Grades
4.6.1. Iota
4.6.2. Kappa
4.6.3. Lambda
4.7. Forecast Factors – Relevance and Impact
5. Global Carrageenan Gum Market Analysis and Forecast, By Application
5.1. Introduction
5.1.1. Basis Point Share (BPS) Analysis By Application
5.1.2. Y-o-Y Growth Projections By Application
5.2. Market Size and Forecast By Application
5.2.1. Food and Beverages
5.2.1.1. Dairy Products
5.2.1.2. Meat Products
5.2.1.3. Confectionery and Bakery
5.2.1.4. Beverages
5.2.1.5. Salads & Dressings
5.2.2. Personal Care & Toiletries
5.2.2.1. Toothpaste
5.2.2.2. Air Fresheners
5.2.2.3. Cosmetics
5.2.3. Feed and Pet Food
5.2.4. Pharmaceuticals
5.3. Market Attractiveness Analysis By Application
6. Global Carrageenan Gum Market Analysis and Forecast, By Region
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis By Region
6.1.2. Y-o-Y Growth Projections By Region
6.2. Market Size and Forecast By Region
6.2.1. North America
6.2.2. Europe
6.2.3. APAC
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. Market Attractiveness Analysis By Region
7. North America Carrageenan Gum Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis By Country
7.1.2. Y-o-Y Growth Projections By Country
7.1.3. Key Trends
7.2. Market Size and Forecast By Country
7.2.1. U.S.
7.2.2. Canada
7.3. Market Size and Forecast By Application
7.3.1. Food and Beverages
7.3.1.1. Dairy Products
7.3.1.2. Meat Products
7.3.1.3. Confectionery and Bakery
7.3.1.4. Beverages
7.3.1.5. Salads & Dressings
7.3.2. Personal Care & Toiletries
7.3.2.1. Toothpaste
7.3.2.2. Air Fresheners
7.3.2.3. Cosmetics
7.3.3. Feed and Pet Food
7.3.4. Pharmaceuticals
7.4. Market Attractiveness Analysis
7.4.1. By Country
7.4.2. By Application
7.5. Drivers and Restraints: Impact Analysis
8. Latin America Carrageenan Gum Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis By Country
8.1.2. Y-o-Y Growth Projections By Country
8.1.3. Key Trends
8.2. Market Size and Forecast By Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Market Size and Forecast By Application
8.3.1. Food and Beverages
8.3.1.1. Dairy Products
8.3.1.2. Meat Products
8.3.1.3. Confectionery and Bakery
8.3.1.4. Beverages
8.3.1.5. Salads & Dressings
8.3.2. Personal Care & Toiletries
8.3.2.1. Toothpaste
8.3.2.2. Air Fresheners
8.3.2.3. Cosmetics
8.3.3. Feed and Pet Food
8.3.4. Pharmaceuticals
8.4. Market Attractiveness Analysis
8.4.1. By Country
8.4.2. By Application
8.5. Drivers and Restraints: Impact Analysis
9. Europe Carrageenan Gum Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis By Country
9.1.2. Y-o-Y Growth Projections By Country
9.1.3. Key Trends
9.2. Market Size and Forecast By Country
9.2.1. EU5
9.2.2. Nordic
9.2.3. Russia
9.2.4. Poland
9.2.5. BENELUX
9.2.6. Rest of Europe
9.3. Market Size and Forecast By Application
9.3.1. Food and Beverages
9.3.1.1. Dairy Products
9.3.1.2. Meat Products
9.3.1.3. Confectionery and Bakery
9.3.1.4. Beverages
9.3.1.5. Salads & Dressings
9.3.2. Personal Care & Toiletries
9.3.2.1. Toothpaste
9.3.2.2. Air Fresheners
9.3.2.3. Cosmetics
9.3.3. Feed and Pet Food
9.3.4. Pharmaceuticals
9.4. Market Attractiveness Analysis
9.4.1. By Country
9.4.2. By Application
9.5. Drivers and Restraints: Impact Analysis
10. APAC Carrageenan Gum Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis By Country
10.1.2. Y-o-Y Growth Projections By Country
10.1.3. Key Trends
10.2. Market Size and Forecast By Country
10.2.1. China
10.2.2. India
10.2.3. Japan
10.2.4. ASEAN
10.2.5. Australia and New Zealand
10.2.6. Rest of APAC
10.3. Market Size and Forecast By Application
10.3.1. Food and Beverages
10.3.1.1. Dairy Products
10.3.1.2. Meat Products
10.3.1.3. Confectionery and Bakery
10.3.1.4. Beverages
10.3.1.5. Salads & Dressings
10.3.2. Personal Care & Toiletries
10.3.2.1. Toothpaste
10.3.2.2. Air Fresheners
10.3.2.3. Cosmetics
10.3.3. Feed and Pet Food
10.3.4. Pharmaceuticals
10.4. Market Attractiveness Analysis
10.4.1. By Country
10.4.2. By Application
10.5. Drivers and Restraints: Impact Analysis
11. Middle East and Africa Carrageenan Gum Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis By Country
11.1.2. Y-o-Y Growth Projections By Country
11.1.3. Key Trends

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report