Global Carrageenan Market Analysis, 2024-2030

Carrageenan is considered as a crucial ingredient in the food industry and is known for its gelling, thickening and stabilizing properties. It is used in both dairy and meat products. It is derived from red algae and is being used in foods for centuries. It is a common food additive that is extricated from red edible seaweeds. It has a unique set of rheological characteristics that distinguish it from other hydrocolloids and is widely consumed as a natural ingredient for thickening, emulsifying, and preserving foods and drinks.

Carrageenan is widely used as an essential salad ingredient and additive in food, personal care, pharmaceuticals and in other industrial uses. Personal care products consist of cosmetics, hand and body lotions, shampoo, soap, toothpaste, gel fresheners and much more. Carrageenan is a balanced food additive and has come across issues over the usage of maximum quantity (in mg) of carrageenan that can be appended to food.

The global carrageenan market report throws light on the existing market conditions by holding for more than 286 hours of primary and secondary research. In accordance with the report, the global carrageenan market is increasing its sphere of influence across geographies at a swift pace. The global carrageenan market is valued at US $ xxx million dollars in 2018 which is expected to reach a massive US $ xxx million dollars by the end of 2023. During the forecast period bracket of 2018-2023, this market is predicted to grow at a CAGR of xx%.

Rising of health issues along with rapid demand for healthy processed food to follow a healthy balanced diet is one of the crucial factors bestowing to the demand of the carrageenan market. Moreover, use of carrageenan in the cosmetic industry because of its physical & functional property of which it has uplifted its need at a global level.

The growing concerns over many gastrointestinal and inflammatory disorders associated with use of carrageenan in various food and beverage products amidst the consumers is likely to obstruct the growth of carrageenan market.

Major producer for carrageenan is the Philippines region which estimates for around 77% of the global supply. The Asian Pacific market for carrageenan is enormously and exceedingly huge compared to the North American and European markets. The Asia Pacific market for carrageenan was valued US $ xxx million in year 2016. China is considered the leading exporter of carrageenan to the US and European regions. In the US, Carrageenan has found a major usage in chocolate milk where it is useful for keeping the chocolate from fermenting.

Few of the prominent players in the global carrageenan industry are Marcel Carrageenan, Seatech Carrageenan Company, FMC Biopolymer, Ina Food Industry Co Ltd. (Japan), MCPI Corp, Caldic B.V., Marcel Carrageenan, and Danlink Ingredients (Pty) Ltd.

Our Approach

The research procedure includes the market segmentation of the global carrageenan market, identification of the growth factors of each market segments and mapping of companies involve in the ester-based fluid market. The Market forecasts are built by taking into consideration the insights given by the experts in the global carrageenan industry value chain. Market Krystal consequently conducted 41 interviews exclusively for this study and its details are given below:

By company type:

Manufacturers (35%), Suppliers (15%), Consumers (25%), Researchers (15%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (50%), Europe (25%)

By designation:

Top level (45%), Operation level (25%), Mid-level (30%)

Contents of the report:

• Insights on the global carrageenan industry dynamics
• Estimation of the current global carrageenan market size in terms of value and volume
• Global carrageenan market breakup based on type (lambda, lota, kappa), application (food, pharmaceutical, cosmetics, others), grade (refined, semi refined), source (Eucheuma, Iridaea, Chondrus, Gigartina) and geography
• Validated global carrageenan market forecast for the next five years
• Thorough analysis of the key companies working across different nodes of global carrageenan industry value chain