Global Food Carrageenan Market, By Type (Kappa, Lota, Lambda), Application (Bakery, Confectionery, Meat and Poultry Products, Sauces and Dressing, Beverage, Dairy Products, Others), Grade (Semi-Refined Carrageenan (SRC), Refined Carrageenan (RC)), Source (Gigartina, Chondrus, Iridaea, Eucheuma), Function (Thickener, Stabilizer, Gelling Agent, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Food carrageenan market is expected to reach USD 1.10 billion by 2028 growing at a growth rate of 5.80% in the forecast period 2021 to 2028. Increasing preferences of the consumer towards the consumption of organic food products will likely to act as a factor for the food carrageenan market in the forecast period of 2021- 2028.
Carrageenan is a class of polysaccharides of linear sulphate derived from red edible seaweed. They are usually used for their gelling, thickening, and stabilising properties in the food industry. Carrageenan, like confectionery, is also a vegetarian and vegan alternative to gelatin in some applications. Carrageenan, meanwhile, is theoretically considered a dietary fibre.
Increasing consumption of convenience foods, rising consumer demand for a healthier lifestyle, rising usages of product in meat and poultry and bakery and confectionery products, increasing number of population across the globe, rising awareness about the ingredients in the packaged foods, increasing usage of carrageenan rather than gelatine in production process of vegan products are some of the major as well as vital factors which will likely to augment the growth of the food carrageenan market in the projected timeframe of 2021-2028. On the other hand, rapid urbanization along with increasing levels of disposable income of the people which will further contribute by generating massive opportunities that will lead to the growth of the food carrageenan market in the above mentioned projected timeframe.
Volatility in the prices of raw material along with demand supply imbalance and availability of alternatives which will likely to act as market restraints factor for the growth of the food carrageenan in the above mentioned projected timeframe. Various health effects associated with carrageenan and the possibility to trigger bloating, glucose intolerance, inflammation to lead towards alarming usage will become the biggest and foremost challenge for the growth of the market.
This food carrageenan market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on food carrageenan market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Food Carrageenan Market Scope and Market Size
Food carrageenan market is segmented on the basis of source, type, application, grade and function. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the food carrageenan market is segmented into gigartina, chondrus, iridaea, and eucheuma.
- Based on type, the food carrageenan market is segmented into kappa, lota, and lambda.
- Based on the application, the food carrageenan market is segmented into bakery, confectionery, meat and poultry products, sauces and dressing, beverage, dairy products, and others.
- The food carrageenan market is also segmented on the basis of function. The function is segmented into thickener, stabilizer, gelling agent, and others.
- Based on grade, the food carrageenan market is segmented into semi-refined carrageenan (SRC), and refined carrageenan (RC).
Food Carrageenan Market Country Level Analysis
Food carrageenan market is analyses and market size, volume information is provided by country, source, type, application, grade and function as referenced above.
The countries covered in the food carrageenan market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
Europe dominates the food carrageenan market due to the prevalence of well-established end-use industries, such as food and beverage, personal care and cosmetics, and pharmaceutical in the region while Asia-Pacific region will expect to grow in the food carrageenan market during the forecast period 2021 to 2028 because of rapid growth of the food and beverage industry along with rising consumer demand for “cleaner label” food products in the region.
The country section of the food carrageenan market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Food Carrageenan Market Share Analysis
Food carrageenan market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to food carrageenan market.
The major players covered in the food carrageenan report are DuPont; CP Kelco U.S., Inc.; Ceamsa.; W Hydrocolloids, Inc.; Innovative Food Solutions LAUTA; Aquarev Industries; MCPI Corporation; Marcel Trading Corporation.; TBK Manufacturing Corporation.; ACCEL Carrageenan Corporation; Ingredion Incorporated; Cargill, Incorporated; Ashland.; TIC Gums, Inc.; AEP Colloids; Gelymar; Shemberg Food Ingredients Corporation; FMC Corporation; ZAMBOANGA CARRAGEENAN; Devson Impex Private Limited (Head Office); Aquarev Industries; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.