Global Carrageenan Gum Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028

Stratistics MRC's Global Carrageenan Gum Market value is expected to reach $1,542.9 million growing at a CAGR of 7.4% during 2023-2030.

Carrageenan gum is an excellent emulsifier that imparts a creamy, velvety texture to skincare products due to its ability to bind water. Due to its emulsifying and viscous properties, carrageenan gum is a commonly used ingredient in shampoos, toothpaste, hair treatments, gels, and conditioners. This gum effectively prevents water-based and oil-based compounds from separating, helping the skin absorb moisture from skincare products.
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Asia Pacific is projected to hold the highest CAGR over the forecast period, due to the abundant production of carrageenan in countries. The market has grown as a result of its widespread use in pharmaceuticals for the production of gel-based medications. The region is distinguished by an expanding population, rising per capita income, shifting lifestyles, and increased consumer awareness of health and hygiene. The market in the region is also being driven by the rising demand from the cosmetic and pharmaceutical industries.
Some of the key players in Carrageenan Gum market include Ina Food Industry Co. Ltd., Aquarev Industries, Cargill, Incorporated, Ingredients Solutions, Inc., Kerry Group, Altrafine Gums, Ashland, FMC Corporation, E. I. du Pont de Nemours and Co., LEM Products, DuPont, Extractos Naturales Gelymar S. A., Tate & Lyle, Marcel Carrageenan Corporation, Prinova Group LLC, CP Kelco ApS, Ingredion Incorporated, W Hydrocolloids, Inc., TBK Manufacturing Corporation and Aquarev Industries.
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Key Developments:
In June 2022, Cargill Beauty launched Satiagel™ VPC 614 Kappa Carrageenan. After successfully introducing Lambda and Iota carrageenan, Cargill Beauty is now completing its carrageenan portfolio with the addition of Satiagel™ VPC614, a Kappa carrageenan, specifically suitable for high gelling applications and solid formulations.
In November 2022, Ingredion and InnovoPro Join Partnership to Scale Chickpea Proteins for North America The partnership, which is effective immediately, will allow food and beverage manufacturers to meet growing consumer demand for plant-based products that deliver on sustainability, nutrition, taste, texture, and functionality.

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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