Asia Pacific Carrageenan Market

Asia Pacific Carrageenan Market Size (2024 To 2029)

The size of the Asia Pacific carrageenan market is expected to be worth USD 236.34 million in 2024 and grow at a CAGR of 7.52% from 2024 to 2029 to achieve USD 339.55 million by 2029.  Asia Pacific is the leading market for the production of Carrageenan where fostering of superior quality Carrageenan is probable.

Carrageenan is made from shares of several red algae or seaweeds and is exercised for medicine. In production, Carrageenan is used as a binder, condensing agent, and as an additive in medicine foods, and toothpaste. Carrageenan is also a component in weight loss products. 

Though world source of carrageenan is mostly from developing countries, the carrageenan colloid producing industry is confined in few well developed countries. Prospective manufacturers from developing countries desiring to enter the carrageenan market will face very tough competition from the recognized producers. Though, increasing prices of carrageenan have initiated to have a diminishing effect on sales, specifically in markets where substitution with less costly ingredients is possible.

This research report on the Asia Pacific carrageenan market is segmented and sub-segmented into the following categories.

Asia Pacific Carrageenan Market By Type

• Kappa
• Lota 
• Lambda

Asia Pacific Carrageenan Market By Application

• Food Industry
  • Dairy
  • Meat
  • Beverages
  • Pet Food
• Pharmaceutical Industry
•  Cosmetics Industry

Asia Pacific Carrageenan Market By Grade 

• Refined Carrageenan
• Semi Refined Carrageenan

Asia Pacific Carrageenan Market By Seaweed Source

• Gigartina
• Chondrus
• Iridaea
• Eucheuma

Pharmaceutical industry is one of the key end-use industries of carrageenan due to its expanding application as gelling agent. 

Asia Pacific Carrageenan Market By Region

• India
• Japan
• China
• Australia
• Singapore
• Malaysia
• South Korea
• New Zealand
• Southeast Asia

China is a foremost exporter of Carrageenan to the US and Europe. Japan is expected to grow at highest rate in the forecast period.

KEY MARKET PLAYERS

Major key Players in the APAC Carrageenan Market are AEP Colloids, Shemberg Marketing Corporation, Ingredients Solutions Inc, Gelymar SA, Soriano SA, Marcel Trading Corporation, Danisco A/S, Scalzo Food Industries, Altrafine Gums, TIC Gums Incorporation, Gum Technology Corporation, DuPont (U.S.), Cargill (U.S.), Kerry Group (Ireland), CP Kelco (U.S.), Ashland Inc (U.S.), Ingredion (U.S.), TIC Gums (U.S.), and Tate & Lyle (U.K.)