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Europe Carrageenan Market By Type (Kappa, Lota And Lambda), By Application (Food Industry, Dairy, Meat, Beverages, Pet Food, Pharmaceutical And Cosmetics Industry), By Grade (Refined Carrageenan And Semi-Refined Carrageenan), By Seaweed Source (Gigartina, Chondrus, Iridaea And Eucheuma), and By Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) – Size, Share, Trends, Growth, Forecast (2022 to 2027)

Published: January, 2022
ID: 1518
Pages: 143

Europe Carrageenan Market Growth and Forecast (2022 - 2027):

The Europe Carrageenan Market was worth US$ xx million in 2021, and it is estimated that it will reach a valuation of US$ xx million by 2026 with an annual expansion rate of xx% between 2021 and 2026.

Market Overview:

Carrageenan is a natural component extracted from red algae or Irish moss that can be used as emulsifier, thickener and for preserving foods and beverages. Carrageenan is a soluble fiber that increases the nutritional value of certain foods by helping low-fat and low-fat options taste like sugar. Yogurt, meat products and nut milk are the main applications where carrageenan is used as an ingredient. Additionally, suspending nutrients in baby formulas, preventing spoilage, minimizing food waste, and making yogurt and ice cream creamier are some of the benefits of using carrageenan as an ingredient. Also, hemp oil, soy milk, chocolate milk, deli meats, non-dairy desserts, cottage cheese, coconut milk, vegan cheese, and more are common sources of carrageenan that are readily available in the Europe market.

Recent Developments in Europe Carrageenan Industry:

  • In July 2018, Cargill announced the expansion of the Seabrid portfolio with the launch of a new carrageenan extract, Satiagel Se, designed specifically for texturizing solutions in creamy dairy desserts.

Europe Carrageenan Market Growth:

The main driver of the Europe carrageenan market is the growing demand for processed foods. The rising call for organic ingredients within processed food ingredients is driving the European market.

Drivers:

Carrageenan is widely used in processed meats, nutrients, pesticides, dairy products, toothpaste, laxatives, skin preparations, etc., leading the Europe market for carrageenan. Also, the properties of carrageenan as a thickening, stabilizing, texturizing and gelling agent are expected to enhance the growth of the Europe carrageenan market in the future. The carrageenan market is booming with the increasing use as an ingredient in the production of aqueous foods, meat products, bakery products, and pet foods. The growing concern for health and the growing demand for healthy food are one of the key factors driving the Europe market for the next seven years. Also, the growing demand for natural ingredients in processed foods and the increased consumption of meat and poultry is expected to accelerate the Europe market in a few years. The Europe carrageenan market has seen significant growth in recent years due to increasing demand from the food and beverage industry, and demand is expected to continue during the forecast period. The augmenting call for hydrocolloids in various industries such as pharmaceuticals, food and beverage, personal care, and cosmetics is expected to complement the Europe market growth during the outlook period. Increasing demand for food additives, gelling agents and emulsifiers is expected to drive Europe market growth over the next seven years. Due to its excellent gelling and viscosity properties, there is an increasing demand for carrageenan in these end-use industries. The need for non-animal gelatin substitutes is expected to generate demand for carrageenan for the vegetarian and vegan food industry during the envisioned period.

Demand for the natural ingredient carrageenan is increasing in the personal care industry and is expected to drive the European market growth. Due to its gelling, stabilizing and thickening properties, demand from the bakery and confectionery, beverage, dairy and beverage industries is increasing significantly and is expected to drive growth in the local market. Increasing consumption of processed foods is an important factor driving the growth of the Europe carrageenan market. Consumers around the world are becoming more health conscious and have a better understanding of the ingredients in the packaged foods they consume. The increasing importance of private label products will be one of the major trends in the Europe carrageenan market gaining tremendous traction over the forecast period. The increasing demand for natural food additives will drive the growth of the Europe carrageenan market during the foreseen period. Demand for private label will increase over the coming years as price-conscious consumers look for quality products at competitive prices.

Restraints:

Alternatives such as guar, pectin, gelatin and xanthan gum offer great competition for carrageenan and are a limitation in the Europe carrageenan market. The health problems of gastrointestinal and inflammatory diseases associated with the use of carrageenan in certain food and beverage products are a major limitation of the Europe carrageenan market. Fluctuations in raw material prices affect the price of carrageenan products and impede the growth of the Europe carrageenan market. Complying with the strict regulations on the use of carrageenan in some countries is a major challenge for the major players in the local market. The various health effects associated with carrageenan and the potential to cause bloating, glucose intolerance and inflammation, leading to surprising use, are estimated to hamper the growth of the Europe carrageenan market during the forecast period.

Europe Carrageenan Market Segmentation Analysis:

Depending on the type, Europe carrageenan market can be divided into kappa, Lota, and lambda. Lota and kappa are formed from calcium and potassium salts that are widely used in the food and beverage industry as gelling agents. The rising call demand for gelling agents in dairy desserts, dips, and other beverages is a crucial factor promoting demand for lota and kappa products.

By application, the European market for carrageenan includes meat, dairy products, foods, beverages, and pet food. Dairy products were the most important applications of carrageenan gum in 2019 due to its high reactivity to milk nutrients. It has a wide range of applications in chocolate milk, ice cream, chocolate mixes and many other fields. PES food grade is the second-largest market after water gels, meat and poultry. Carrageenan black is primarily used in precooked meat and poultry products, such as chicken and turkey slices.

By Grade, the local market is bifurcated into refined carrageenan and semi-refined carrageenan. Based on the seaweed source, the market comprises of Gigartina, Chondrus, Iridaea And Eucheuma.

Regional Analysis:

Geographically the Europe Carrageenan Market is segmented into UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe. Europe was the largest market in the worldwide carrageenan market in 2019. Within Europe, the UK and Germany are the main importers due to strong demand from the end-use industries that exist in the region. Strict European Union legislation on the use of carrageenan slightly hampers growth. Carrageenan processing is mainly done in countries like Denmark and France, and demand for production in Europe is skyrocketing.

Key Players in the Market:

Major Key Players in the Europe Carrageenan Market are

  • Kachabo Gums
  • BLG Shanghai & Zhejiang Plants
  • Marinalg International
  • Altrafine Gums
  • Scalzo Food Industries
  • FMC Corporation
  • TIC Gums Incorporation
  • Cargil Inc
  • Gum Technology Corporation

 

1. Introduction                         

          1.1 Market Definition                

          1.2 Scope of the report             

          1.3 Study Assumptions             

          1.4 Base Currency, Base Year and Forecast Periods            

2. Research Methodology                    

          2.1 Analysis Design                  

          2.2 Research Phases                 

                   2.2.1 Secondary Research

                   2.2.2 Primary Research    

                   2.2.3 Data Modelling       

                   2.2.4 Expert Validation    

          2.3 Study Timeline          

3. Report Overview                   

          3.1 Executive Summary             

          3.2 Key Inferencees                  

4. Market Dynamics                            

          4.1 Impact Analysis                  

                   4.1.1 Drivers         

                   4.1.2 Restaints     

                   4.1.3 Opportunities         

          4.2 Regulatory Environment                

          4.3 Technology Timeline & Recent Trends               

5. Competitor Benchmarking Analysis                     

          5.1 Key Player Benchmarking               

                   5.1.1 Market share analysis       

                   5.1.2 Products/Service    

                   5.1.3 Regional Presence   

          5.2 Mergers & Acquistion Landscape             

          5.3 Joint Ventures & Collaborations               

6. Market Segmentation                      

          6.1 Carrageenan Market, By Type                  

                   6.1.1 Kappa

                   6.1.2 Lota   

                   6.1.3 Lambda        

                   6.1.4 Market Size Estimations & Forecasts (2022 - 2027)   

                   6.1.5 Y-o-Y Growth Rate Analysis       

                   6.1.6 Market Attractiveness Index       

          6.2 Carrageenan Market, By Application         

                   6.2.1 Food Industry         

                   6.2.2 Dairy  

                   6.2.3 Meat  

                   6.2.4 Beverages    

                   6.2.5 Pet Food      

                   6.2.6 Pharmaceutical And Cosmetics Industry

                   6.2.7 Market Size Estimations & Forecasts (2022 - 2027)   

                   6.2.8 Y-o-Y Growth Rate Analysis       

                   6.2.9 Market Attractiveness Index       

          6.3 Carrageenan Market, By Seaweed Source            

                   6.3.1 Gigartina      

                   6.3.2 Chondrus     

                   6.3.3 Iridaea

                   6.3.4 Eucheuma    

                   6.3.5 Market Size Estimations & Forecasts (2022 - 2027)   

                   6.3.6 Y-o-Y Growth Rate Analysis       

                   6.3.7 Market Attractiveness Index       

          6.4 Carrageenan Market, By Grade                 

                   6.4.1 Refined Carrageenan        

                   6.4.2 Semi-Refined Carrageenan

                   6.4.3 Market Size Estimations & Forecasts (2022 - 2027)   

                   6.4.4 Y-o-Y Growth Rate Analysis       

                   6.4.5 Market Attractiveness Index       

7. Geographical Landscape                            

          7.1 Regional Identity Governance and Administration Market, by Region           

          7.2 Europe - Market Analysis (2022 - 2027)           

                   7.3.1 By Country   

                             7.3.1.1 UK

                             7.3.1.2 France

                             7.3.1.3 Germany

                             7.3.1.4 Spain

                             7.3.1.5 Italy

                             7.3.1.6 Rest of Europe

                   7.3.2 By Type       

                   7.3.3 By Application        

                   7.3.4 By Seaweed Source 

                   7.3.5 By Grade      

8. Key Player Analysis                         

          8.1 Kachabo Gums          

                   8.1.1 Business Description        

                   8.1.2 Products/Service    

                   8.1.3 Financials     

                   8.1.4 SWOT Analysis       

                   8.1.5 Recent Developments       

                   8.1.6 Analyst Overview    

          8.2 BLG Shanghai & Zhejiang Plants               

          8.3 Marinalg International          

          8.4 Altrafine Gums          

          8.5 Scalzo Food Industries                  

          8.6 FMC Corporation                 

          8.7 TIC Gums Incorporation                

          8.8 Cargill Inc                 

          8.9 Gum Technology Corporation                  

9. Market Outlook & Investment Opportunities                            

Appendix                        

          List of Tables                  

          List of Figures                 

 
  1. Europe Carrageenan Market By Type, From 2022 - 2027 ( USD Billion )
  2. Europe Kappa Market By Region, From 2022 - 2027 ( USD Billion )
  3. Europe Lota Market By Region, From 2022 - 2027 ( USD Billion )
  4. Europe Lambda Market By Region, From 2022 - 2027 ( USD Billion )
  5. Europe Carrageenan Market By Application, From 2022 - 2027 ( USD Billion )
  6. Europe Food Industry Market By Region, From 2022 - 2027 ( USD Billion )
  7. Europe Dairy Market By Region, From 2022 - 2027 ( USD Billion )
  8. Europe Meat Market By Region, From 2022 - 2027 ( USD Billion )
  9. Europe Beverages Market By Region, From 2022 - 2027 ( USD Billion )
  10. Europe Pet Food Market By Region, From 2022 - 2027 ( USD Billion )
  11. Europe Pharmaceutical And Cosmetics Industry Market By Region, From 2022 - 2027 ( USD Billion )
  12. Europe Carrageenan Market By Seaweed Source, From 2022 - 2027 ( USD Billion )
  13. Europe Gigartina Market By Region, From 2022 - 2027 ( USD Billion )
  14. Europe Chondrus Market By Region, From 2022 - 2027 ( USD Billion )
  15. Europe Iridaea Market By Region, From 2022 - 2027 ( USD Billion )
  16. Europe Eucheuma Market By Region, From 2022 - 2027 ( USD Billion )
  17. Europe Carrageenan Market By Grade, From 2022 - 2027 ( USD Billion )
  18. Europe Refined Carrageenan Market By Region, From 2022 - 2027 ( USD Billion )
  19. Europe Semi-Refined Carrageenan Market By Region, From 2022 - 2027 ( USD Billion )
  20. U.K. Carrageenan Market By Type, From 2022 - 2027 ( USD Billion )
  21. U.K. Carrageenan Market By Application, From 2022 - 2027 ( USD Billion )
  22. U.K. Carrageenan Market By Seaweed Source, From 2022 - 2027 ( USD Billion )
  23. U.K. Carrageenan Market By Grade, From 2022 - 2027 ( USD Billion )
  24. Germany Carrageenan Market By Type, From 2022 - 2027 ( USD Billion )
  25. Germany Carrageenan Market By Application, From 2022 - 2027 ( USD Billion )
  26. Germany Carrageenan Market By Seaweed Source, From 2022 - 2027 ( USD Billion )
  27. Germany Carrageenan Market By Grade, From 2022 - 2027 ( USD Billion )
  28. France Carrageenan Market By Type, From 2022 - 2027 ( USD Billion )
  29. France Carrageenan Market By Application, From 2022 - 2027 ( USD Billion )
  30. France Carrageenan Market By Seaweed Source, From 2022 - 2027 ( USD Billion )
  31. France Carrageenan Market By Grade, From 2022 - 2027 ( USD Billion )
  32. Italy Carrageenan Market By Type, From 2022 - 2027 ( USD Billion )
  33. Italy Carrageenan Market By Application, From 2022 - 2027 ( USD Billion )
  34. Italy Carrageenan Market By Seaweed Source, From 2022 - 2027 ( USD Billion )
  35. Italy Carrageenan Market By Grade, From 2022 - 2027 ( USD Billion )
  36. Spain Carrageenan Market By Type, From 2022 - 2027 ( USD Billion )
  37. Spain Carrageenan Market By Application, From 2022 - 2027 ( USD Billion )
  38. Spain Carrageenan Market By Seaweed Source, From 2022 - 2027 ( USD Billion )
  39. Spain Carrageenan Market By Grade, From 2022 - 2027 ( USD Billion )

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