Carrageenan Gum Market | CP Kelco U.S., Marcel Trading Corporation, FMC Corporation, E. I. du Pont de Nemours and Co.

Carrageenan gum is extracted from seaweed and is ideal for food additives as they have various range of gelling and emulsifying properties. Moreover, it is also used to treat various medical conditions such as bronchitis, coughs, tuberculosis, and intestinal problems. Also, it is used as a thickening agent, binder, and as a stabilizer in various medications and food. Additionally, it is also used consider as important weight loss products. It is also beneficial for reducing pain and swelling during injury. In food products they thicken things such as ice cream, marshmallow fluff, pancake syrup, etc. and in the beverage, they act as an excellent emulsifier by keeping the liquid mixed together.

The global carrageenan gum market is projected to reach over US$ 1100 million by the end of 2027, in terms of revenue, growing at CAGR of 4.0% during the forecast period (2019 to 2027).

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Detailed Segmentation:

Global Carrageenan Gum Market, By Application:
Food & Beverages
Dairy Products
Meat Products
Confectionery & Bakery
Beverages
Salads & dressings

Personal Care & Toiletries
Toothpaste
Air Fresheners
Cosmetics

Pharmaceuticals
Feed & Pet Food

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Growing application of Carrageenan Gum in infant’s formula is expected to offer potential growth opportunity to the market of carrageenan gum over the forecast timeframe. Growing urban population, along with improving consumer lifestyle are some of the major factors propelling the market growth of carrageenan-based infant formula products. This is expected to foster market growth. For instance, in June 2015, the Joint Expert Committee on Food Additives released a technical report regarding the safety of carrageenan in infant formula.

Rising demand for personal care products especially in Asia Pacific region is expected to create lots of opportunities for the market of carrageenan gum. Huge demand for personal care products and organic cosmetics products is expected to increase the sales of carrageenan gum ingredients, which in turn augmenting the market growth of carrageenan gum. Therefore, the growing demand for organic personal care products are anticipated to foster market growth over the forecast timeframe.

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