Carrageenan Market Expected to Rise USD 1,474.28 Million by 2026 With CCEL Carrageenan Corporation, Quest International, Inc., TBK Manufacturing Corporation., Ingredients Solutions, Inc.,

Carrageenan is a common food additive that is extracted from red edible seaweeds. It has a specific set of rheological properties that differentiates it from other hydrocolloids and is widely used as a natural ingredient for thickening, emulsifying, and preservative in foods and drinks. The three most important carrageenan are kappa carrageenan, lambda carrageenan, and iota carrageenan. Moreover, it has wide range of applications in both dairy and meat products due to its textural functionality.

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Global Carrageenan Market is expected to rise from its initial estimated value of USD 988.78 million in 2018 to an estimated value of USD 1,474.28 million by 2026, registering a CAGR of 5.12% in the forecast period of 2019-2026. This rise in market value can be attributed to the benefits of using tissue towels for the health of the individual and prevention of infections and their transferring.

Industry Developments:

• In April 2018, CP Kelco made an announcement about PT. Azelis Indonesia Distribusi being their new and exclusive distributor for all the products manufactured by CP Kelco. These include all products with food and beverage applications.

• In May 2017, CP decided for seeking strategic buyer for the Cebu plant, on the basis of the company’s strategy and business objectives. Gel-pressed/refined carrageenan (GPC) and semi-refined carrageenan (SRC) products were the primary products of Cebu plant.

Top Key Market Competitors:

Few of the major competitors currently working in the carrageenan market are

• Marcel Trading Corporation.,
• MCPI,
• SELT- MG,
• Seatech Carrageenan Company,
• Ina Food Industry Co., Ltd.,
• ACCEL Carrageenan Corporation,
• Quest International, Inc.,

TBK Manufacturing Corporation., Ingredients Solutions, Inc., AquAgri Processing Private Limited., Devson Impex Private Limited, Shemberg Corporation, Zamboanga Carrageenan, WGroup., CP Kelco, FMC Corporation

Competitive Analysis: Global Carrageenan Market

Global carrageenan market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares carrageenan market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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Table Of Content:

Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Global Carrageenan Market Landscape
Part 04: Global Carrageenan Market Sizing
Part 05: Global Carrageenan Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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Market Drivers:

1. Increasing consumption of processed foods.

2. Growing demand for hydrocolloids

3. Alternative to animal-sourced gelatin

Market Restraints:

1. Fluctuating raw material prices and high cost of products

2. Health concerns related to gastrointestinal and inflammatory diseases

3. Availability of alternatives

Segmentation: Global Carrageenan Market

By Type
o Kappa Carrageenan
o Lota Carrageenan
o Lambda Carrageenan
o Others

By Application
o Alternative to Dairy Products
o Bakery & Confectionary
o Beverages
o Dairy Products
o Meat & Poultry Products
o Personal Care Products
o Pharmaceuticals
o Others

By Source
o Chondrus
o Gigartina
o Iridaea
o Others

By Food Grade
o E407
o E407 A
o Others

By Geography
o North America
o South America
o Europe
o Asia-Pacific
o Middle East & Africa

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