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Saurabh Sinha

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Carrageenan Market Manufacturers, Size, Share, Product Type, Growth Opportunity, Forecast To 2024
Global Carrageenan Market Research Report: Information by Product Type (Kappa, Iota, and Lambda), Application [Food & Beverages, Pharmaceuticals, Personal Care, and Others], and Region—Forecast till 2024

Carrageenan, 5/22/2020 - Carrageenan Market Overview

Carrageenan is produced from several red algae or seaweeds. Carrageenan has several applications in the food & beverages industry. The global Carrageenan Market Manufacturers is projected to be valued at USD 1,250.2 million by the end of 2024, with 5.65% CAGR during the forecast period, 2019–2024.

Carrageenan (also known as carrageenin) comes under the family of linear sulphated polysaccharides which are extracted from red edible seaweeds and are broadly used in the food industry. The basic properties of Carrageenan are thickening, gelling and stabilizing and suspending agents in milk and water system. Carrageenans are widely used in the food industry applications such as dairy products and meet product as they are having a strong binding of food proteins. Carrageenan mostly found in the Atlantic Ocean near the shore of UK and North America. Carrageenans are classified into three types namely; Iota, Kappa and Lambda.

Global Carrageenan Market Key Players

Key players leading the global carrageenan market include Caldic B.V. (Netherlands), MCPI Corp (Philippines), Marcel Carrageenan (Philippines), Danlink Ingredients (Pty) Ltd. (South Africa), Ina Food Industry Co Ltd. (Japan), PT Fortuna Cahaya Cemerlang (Indonesia), and ACCEL Carrageenan Corporation (Philippines) among others.

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Global Carrageenan Market – Segmentation

For enhanced understanding, the report has been segmented into three key dynamics.

By Type: Kappa Carrageenan, Lambda Carrageenan, and Iota Carrageenan among others.

By Application: Foods, Beverages, and Pharmaceuticals among others.

By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.

Carrageenan Market: Applications

Carrageenans are mostly found in the Atlantic oceans near to North America and Europe. Carrageenans are widely used in food industries such as dairy products and meet products and very rich source of proteins. Moreover, the carrageenan are used in other industries for thickening, gelling and stabilizing. These all factors are creating a huge demand for carrageenan.

Global Carrageenan Market Growth Influencer

Global Carrageenan Market has seen a potential growth in the past few years. As on 2011, carrageenan had the estimated global sale of US$ 640 million where Philippines was the biggest producer of industrial carrageenan and China is the major exporter to the US and European market. Commonly used sources in carrageenan are E. spinosum (Eucheuma denticulatum) and E. cottonii (Kappaphycus alvarezii, K.striatum), together they provide about three quarters of the global population. Increasing demand for food product, dairy products and meet products have driven the carrageenan market across the globe. As large population prefers non vegetarian food however, there is a huge demand is generated from meet product segments.

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