Carrageenan Market Competitive Landscape and Strategy Analysis from 2019-2025

Posted on 2020-05-20 by researchinsights in Food & Beverage // 0 Comments

20th May 2020 – Global Carrageenan Market is anticipated to grow at a significant CAGR of close to 8% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Carrageenan is a hydrocolloid derived from red seaweed. It is mainly used as a constituent in several food products, such as dairy, bakery, meat products, and sauces. The factors that propel the growth of the carrageenan market include the alternative to animal-sourced gelatin, growing demand for hydrocolloids, rising of processed foods. On the other hand, there are factors that may hamper the growth of the market including the availability of substitutes and changing raw material prices and the high cost of products.

The market could be explored by source type, type, food grade, application, and geography. Market by type could span Lambda, Iota, and Kappa. The “Kappa” segment led the market in 2017 and will continue to lead in the forecast period. The key factors that could be attributed to the growth of the market such as it acts as an emulsifier, stabilizer, and bodying agent in chocolate, cheese, puddings, and ice cream. The market may be explored by source type as Gelling Agent, Thickener, Stabilizer, and Others. The market may be explored by food grade as E407a, E407, and Others.

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The key applications that could be explored in the carrageenan market include Pharmaceuticals, Food may further comprise as Confectionery, Bakery, Meat & poultry products, Sauces & dressing, Beverage, Dairy products and others. The “Food and Beverages” segment led the carrageenan market in 2017 and will continue to lead in the forecast period. The key factors that could be attributed to the growth of market such as it is extensively used in water-based desserts, fruit preparation and it stabilizes ice creams. Also, used for desired texture to confectionary products and increasing application of carrageenan in meat products to regulate water content.

Key Players Analysis Covered in these Report includes:

FMC
Shemberg
CEAMSA
Danisco
Gelymar
Karagen Indonesia
CP Kelco
ISI
Cargill
TBK
Accel
CC
MCPI
TIC Gums
Brilliant
Greenfresh
LONGRUN
Global Ocean
Gather Great Ocean
Xieli

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Carrageenan Production Breakdown Data by Region

United States
Europe
China
Japan
Other Regions

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