The global Carrageenan Market size was worth USD 931.6 million in 2021, and it is considered that it will reach a valuation of USD 1.2 billion by 2027 at a CAGR of 5.6% during the conjecture time frame.
Carrageenan is an additive and natural component of red algae or Irish moss used to emulsify, concentrate and preserve food and beverages. Carrageenan is a water-soluble fiber that makes low-fat and low-fat options taste better than sugar, making certain foods more nutritious. In addition, carrageenan helps stabilize food and drinks by preventing them from separating. For example, chocolate is deposited at the bottom of chocolate milk without carrageenan. Yogurt, meat products and walnut milk are the main applications in which carrageenan are used as an ingredient. Additionally, soy milk, hemp milk, deli meats, chocolate milk, cottage cheese, non-dairy desserts, vegan cheese, coconut milk, etc., are the main sources of carrageenan in the market. Also, discontinuing infant formula, minimizing food waste by avoiding spoilage, and making yogurt and ice cream creamier are some of the benefits of carrageenan ingredients. Carrageenan is commonly found in undigested and decomposed forms. Some studies suggest that carrageenan intake may promote or trigger inflammation, swelling, food allergies, colon cancer, glucose intolerance, and irritable bowel syndrome, which can lead to diseases such as tendinitis, arthritis, and chronic cholecystitis. Carrageenan, although indigestible, is used prominently in the emulsification of food products.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2021 – 2027 |
|
Base Year |
2021 |
|
Forecast Period |
2022 - 2027 |
|
CAGR |
5.6% |
|
Segments Covered |
By Type, Application, Grade, Seaweed Source and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Shemberg Marketing Corporation, AEP Colloids, Ingredients Solutions, 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.) and Others. |
The increasing demand for processed food ingredients and organic ingredients is increasing the carrageenan market.
Along with increased demand for organic ingredients to increase the knowledge of processed foods, increased demand for processed foods is expected to lead the global market for carrageenan during the evaluated period. In addition, the properties of carrageenan, such as texturing, thicknesses, stabilizers and gelling agents, are expected to increase the growth of the carrageenan market in the future. A significant amount of carrageenan is used in nutritional supplements, processed meats, toothpastes, dairy products, skin preparations, laxatives, and pesticides to further develop the global market during the estimated time. Another important factor in the growth of the market is the many functional and health benefits of carrageenan-based products. It acts as a stabilizing, thick and texturizing and gelling agent. The carrageenan market is multiplying with the rise in its application as a raw material in the production of bakery products, water-based foods, meat and pet foods.
Carrageenan is also used in the production of dairy products as an emulsifier. In addition, carrageenan is also used in meat and poultry, and in bakery and confectionery products. Mono and diglycerides of carrageenan, lecithin and fatty acids are considered the best alternatives to artificial additives derived from natural sources such as sunflower, palm or soybean oil. So, the surge in the demand for natural food additives will support the development of the market during the projection period. Additionally, many food and beverage manufacturers prepare vegan products using carrageenan instead of gelatin in the dessert production process. One of the prominent aspects boosting the global carrageenan market is the augmented call for processed foods. As awareness of ingredients in processed foods increases, so does the demand for organic ingredients. Another very important factor for the growth of the carrageenan market is the multi-functionality of the product. It is thicker and acts as a stabilizing, texturizing and gelling agent. This replaces many other products used in processed foods.
The availability of several alternative products that can replace carrageenan is expected to limit the growth of the global carrageenan market over the anticipated time. Various health effects associated with carrageenan and causing bloating, glucose intolerance and inflammation can lead to incredible use and are estimated to hinder the growth of the market during the estimated time frame. Some government agencies, such as the National Organic Standards Board, recently decided to remove carrageenan from the approval list, and foods containing carrageenan are no longer marked as organic in the USA. This may affect the consumption of carrageenan and is expected to hinder the growth of the global carrageenan market in the near future.
The global carrageenan market is classified by region into Asia Pacific (APEJ), Middle East and Africa (MEA), and Japan, excluding North America, Latin America, Western Europe, Eastern Europe, and Japan. Asia Pacific is expected to occupy most of the industry as the number of applications increases. The European Union and Latin America are also among the prominent producers of carrageenan across the world. Of these regions, Europe is estimated to remain dominant during the outlook period, in terms of value and volume. The growth of the carrageenan market in European countries is supposed to be driven by several factors. One of the prominent elements supplementing the growth of this market is the intake of processed foods by European consumers. The changes in consumer lifestyle have pushed them towards processed foods, accelerating the carrageenan market growth over the determined period. Of the countries in Europe, Germany and the United Kingdom, in 2019, a total of 45% of the market share in the regional carrageenan market, but Asia Pacific is foreseen to expand at the most substantial growth over the prognosis period. The making of carrageenan is exceptionally high in the southeastern nations of the APAC. The Philippines has a significant market share in the region in terms of production. The United States is one of the main exporters of carrageenan, with the world average that drives the North American market. Carrageenan markets in the Middle East and Africa and Latin America are likely to experience a significant increase in carrageenan consumption as food intake and low-fat food intake increase to avoid sugar-related problems.
Key Players in the market:
Major Key Players in the Global Carrageenan Market are
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Kappa
5.1.3 Lota
5.1.4 Lambda
5.1.5 Y-o-Y Growth Analysis, By Type
5.1.6 Market Attractiveness Analysis, By Type
5.1.7 Market Share Analysis, By Type
5.2 Application
5.2.1 Introduction
5.2.2 Food Industry
5.2.3 Pharmaceutical Industry
5.2.4 Cosmetic Industry
5.2.5 Y-o-Y Growth Analysis, By Application
5.2.6 Market Attractiveness Analysis, By Application
5.2.7 Market Share Analysis, By Application
5.3 Grade
5.3.1 Introduction
5.3.2 Refined Carrageenan
5.3.3 Semi-refined Carrageenan
5.3.4 Y-o-Y Growth Analysis, By Grade
5.3.5 Market Attractiveness Analysis, By Grade
5.3.6 Market Share Analysis, By Grade
5.4 Seaweed Source
5.4.1 Introduction
5.4.2 Gigartina
5.4.3 Chondrus
5.4.4 Iridaea
5.4.5 Eucheuma
5.4.6 Y-o-Y Growth Analysis, By Seaweed Source
5.4.7 Market Attractiveness Analysis, By Seaweed Source
5.4.8 Market Share Analysis, By Seaweed Source
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 Application
6.1.3.4 By Grade
6.1.3.5 By Seaweed Source
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Application
6.1.4.4 By Grade
6.1.4.5 By Seaweed Source
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Application
6.1.5.4 By Grade
6.1.5.5 By Seaweed Source
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 AEP Colloids
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Gelymar SA
8.3 Soriano SA
8.4 Danisco A/S
8.5 Altrafine Gums
8.6 Marcel Trading Corporation
8.7 Ingredients Solutions Inc
8.8 Shemberg Marketing Corporation
8.9 Scalzo Food Indusries
8.10 Du Pont
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
FAQ's
The Global Carrageenan Market size was assessed at USD 931.6 million in 2021. It is likely to reach a valuation of USD 1.2 billion by the end of 2027 and it is expected to expand at an annual growth rate of 5.6% between 2022 and 2027.
Carrageenan is an additive and natural component of red algae or Irish moss used to emulsify, concentrate, and preserve food and beverages.
It is a water-soluble fibre that makes low-fat options taste better than sugar, hence making certain foods more nutritious.
The Key Players in the Carrageenan Market are Shemberg Marketing Corporation, AEP Colloids, Ingredients Solutions Inc, Gelymar SA, Soriano SA, Marcel Trading Corporation, Danisco A/S etc
The Segmentation analysis of the Carrageenan Market based on seaweed source is as follows:
Related Reports
Talk to our analyst and get customised report done according to your research needs
Check if you can avail any discount. Submit your details and our team will get back to you.
Request to avail a free sample report that reflects this market and its growth.
