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Carrageenan Market Share, Size, Growth, Demand and Forecast Till 2021-2026: IMARC Group

Carrageenan Market

According to IMARC Group’s latest report, titled “Carrageenan Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global carrageenan market exhibited moderate growth during 2015-2020. Carrageenan stands for an anionic polysaccharide extracted from different red and purple seaweeds species, such as Chondrus, Eucheuma, Gigartina, etc. It is widely used for stabilizing and gelatinizing proteins in yogurt, ice cream, cottage cheese, whipped toppings, etc. Carrageenan is also utilized in meat products like sausages and cooked hams for its ability to bind water, control texture, maintain structural integrity, etc. Moreover, its non-toxic, biodegradable, and biocompatible nature makes it fit for applications in the cosmetics industry to achieve the desired product texture.

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The rising preferences for processed and packaged food products represent one of the primary factors contributing to the growth of the carrageenan market. This can be attributed to the growing usage of carrageenan in the emulsification of non-dairy desserts and preventing spoilage in bakery and confectionery items. Additionally, carrageenan is also utilized as a stabilizing agent in the manufacturing of healthy beverages. Based on the antiaging, antioxidant, anticarcinogenic properties of carrageenan, it is widely adopted for producing skin lotions, shaving foams, toothpaste binders, etc. Various other factors, including the increasing development of medicines and microbiocidal compounds for wound dressings in the pharmaceutical industry and the rising product utilization as gelling agents in air fresheners, are further expected to bolster the carrageenan market growth in the coming years. Looking forward, IMARC Group expects the global carrageenan market to grow at a CAGR of around 6% during the forecast period (2021-2026).

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

  • ACCEL Carrageenan Corporation
  • Aquarev Industries
  • Ashland
  • Cargill Incorporated
  • Ceamsa
  • CP Kelco U.S. Inc. (J.M. Huber Corporation)
  • DuPont de Nemours Inc.
  • Ingredion Incorporated
  • LAUTA Ltd.
  • Marcel Carrageenan
  • MCPI Corporation
  • TBK Manufacturing Corporation.

Market Segmentation:

Breakup by Product:

  • Kappa
  • Iota
  • Lambda

Breakup by Function:

  • Thickener
  • Gelling Agent
  • Stabilizer
  • Others

Breakup by Application:

  • Food and Beverage
  • Pharmaceutical
  • Personal Care and Cosmetics
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key highlights of the report:                                                    

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Market Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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