Report Ocean published a recovery-based report for ‘Global Carrageenan Market’ that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2032) and develops reliable and approximative timeline estimations up to 2032.
Global Carrageenan Market is valued approximately at USD $$ billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8.12% over the forecast period 2020-2027. Carrageenan is extracted from red edible seaweeds, used as food additives for thickening, gelling, and stabilizing properties in food industry. Carrageenan is widely used in dairy and meat products due to its strong binding properties to food proteins. The growing demand for processed foods as well as rising demand for organic ingredients across the world are the few factors responsible for the market growth over the forecast period.
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According to the National Investment Promotion & Facilitation Agency, in India, the processed food market was about USD 322 billion in 2016 and is likely to grow to almost USD 543 billion by the year 2020 at a CAGR of 14.6%. Similarly, as per the United States Department of Agriculture (USDA), the Canadian food and beverage processing sector is reached almost USD 87 billion in 2018, and the government of Canada aims to increase agri-food exports by 26% (up to USD 65 billion) by 2025. Thus, the rapid growth of the food & beverage industry increases the adoption of Carrageenan. However, the stringent regulations from the FDA to reduce the usage of carrageenan gums, owing to the fact, may promote inflammation, swelling, food allergies, colon cancer and others, used prominently in the emulsification of food products, is the major factor restraining the growth of global Carrageenan market during the forecast period.
The regional analysis of global Carrageenan market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the increasing R&D expenditure, along with the rising production of pharmaceuticals in Europe. Furthermore, well-established end-use industries, such as food and beverage, personal care and cosmetics, and pharmaceutical, is augmenting the growth of the carrageenan market. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
MCPI Corporation
Marcel Carrageenan
ACCEL Carrageenan Corporation
TBK Manufacturing Corporation
Cargill Inc.
Caldic B.V.
Ina Food Industry Co Ltd.
Danlink Ingredients Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Kappa
Lota
Lambda
By Application:
Food Industry
Pharmaceutical Industry
Cosmetics Industry
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Content
Market Overview
Market Definition and Scope
Market Dynamics
Market Industry Analysis
Market, Regional Analysis
Analysis of Leading Companies
Competitive Intelligence
Research Process
Market Analysis and Forecast, By Product Types
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