Rising Importance of Carrageenan Market in Nearby Future | Ravishing Key Vendors: AEP Colloids, Gelymar SA, Danisco A/S, Shemberg Marketing Corporation, etc

The global Carrageenan market is forecast to reach USD 1.46 Billion by 2027, according to a new report by Reports and Data. It is an additive that is used to emulsify, thicken, and preserve foods and beverages.

It’s a natural ingredient that is derived from red seaweed, also called the Irish moss. This ingredient is commonly used in meat products, nut milks, and yogurt. The major demand of the carrageenan is from the food industry. The highest application of the market is especially from the dairy products. The ingredients are used in the food, pharmaceuticals, and cosmetic industry, among others.

Market Size – USD 894.8 Million in 2018, Market Growth - CAGR of 5.5%, Market Trends – High demand from the food and beverage industry.

This report covers the recent COVID-19 incidence and its impact on Carrageenan. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

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Key participants include AEP Colloids, Gelymar SA, Danisco A/S, Shemberg Marketing Corporation, Marcel Trading Corporation, MCPI Corporation, ACCEL Carrageenan Corporation, Ina Food Industry Co. Ltd., PT Fortuna Cahaya Cemerlang, and Danlink Ingredients (Pty) Ltd., among others.

For the purpose of this report, Reports and Data have segmented into the global Carrageenan market on the basis of type, grade, source, application, and region:

Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
• Kappa
• Iota
• Lambda

Grade Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
• Refined Carrageenan
• Semi-Refined Carrageenan

Source Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
• Stabilizer
• Thickener
• Gelling Agent
• Others

Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
• Food Industry
• Pharmaceuticals
• Others

Regions:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Further key findings from the report suggest

Kappa and Iota are among the type of carrageenan formed with potassium and calcium salts, which are colossally used as gelling agents in the food and beverage industry. Increase in demand for gelling agents in caramel sauces, dairy desserts, dips, and other dairy and non-dairy beverages is the key factor propelling iota and kappa products demand.

The rising consumption of processed foods is a major driving factor that drives the global carrageenan market. The stabilizing, gelling, and thickening properties, makes it ideal for the application in the bakery and confectionary, dairy, beverages industries. It is expected to drive the global demand.

Kappa carrageenan forms rigid, strong gels in the presence of potassium ions, and reacts with dairy proteins. It is sourced mainly from Kappaphycus alvarezii. Kappa is used for thickening, water-binding, and gelling. The use of it in concrete preparation could result in a high compressive strength, flexural strength, and impact toughness.

Europe held the second-largest share in the carrageenan market. The processing of the product takes place mainly in countries such as France and Denmark, surging the production across the region.

In May 2019, Gelymar S.A is the third-largest carrageenan producer across the globe, and it completed its capacity expansion program initiated 24 months ago with a USD 15 Million investment. Its production capacity is now doubled at about 10,000 metric tons of product.

Table of Contents:
Chapter 1. Market Overview
Chapter 3. Market Dynamics
Chapter 4. Research Methodology
Chapter 5. Market Factor Analysis
Chapter 6. Global Carrageenan Market, By Delivery Mode
Chapter 7. Global Carrageenan Market, By Application
Chapter 8. Global Carrageenan Market, By Region
Chapter 9. Global Carrageenan Market, By Type
Chapter 10. Company Landscape
Chapter 11. Company Profiles
Chapter 12. Appendix

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