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Latin America Carrageenan Market By Type (Kappa, Lota And Lambda), By Application (Food Industry (Dairy, Meat, Beverages And Pet Food), Pharmaceutical Industry And Cosmetics Industry), By Grade (Refined Carrageenan And Semi Refined Carrageenan), By Seaweed Source (Gigartina, Chondrus, Iridaea And Eucheuma) and By Country (Brazil, Mexico, Argentina, Chile and Rest of Latin America) – Size, Share, Trends, Growth, Forecast (2022 to 2027)

Published: January, 2022
ID: 1520
Pages: 140

Latin America Carrageenan Market Growth and Forecast (2022 - 2027):

The Latin America Carrageenan Market was worth USD 100 million in 2021 and estimated to be growing at a CAGR of 5.9%, to reach USD 130 million by 2026.

Market Overview:

For centuries, carrageenan has been used all over the region of which eatable species were the first. Advancement of their uses was preferred by their set accessibility and closeness to centres of human settlement, typically coastal areas. With human progress and discoveries, other species were also found to yield medicinal, pharmaceutical, cosmetic, industrial and agricultural use.

Drivers and Restraints:

One of the key drivers of the food grade carrageenan market is the increasing demand of treated foods. With growing awareness about the constituents of processed foods, the demand for organic ingredients is also on escalation. Other very significant factor for the progress of carrageenan market is the multi functionality of the product which substitutes a lot of other products used in processed foods. Lack of awareness in this region is obstructing the market growth.

Latin America Carrageenan Market Segmentation Analysis:

Latin America market for Carrageenan is segmented by type into Kappa, Lota and Lambda. Based on application the market is segregated into Food Industry, Pharmaceutical Industry and Cosmetics Industry. Food industry is further sub segmented into Dairy, Meat, Beverages and Pet Food. On the basis of grade the carrageenan market is divided amongst Refined Carrageenan and Semi Refined Carrageenan. Market is also bifurcated based on seaweed source into Gigartina, Chondrus, Iridaea and Eucheuma. Pharmaceutical industry is one of the key end-use industries of carrageenan due to its expanding application as gelling agent. 

Region Analysis:

Geographically the Latin America Carrageenan Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. Brazil having the highest demand for food products is leading the carrageenan market for Latin America region.

Key Players in the Market:

Major Key Players in the Latin America 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.)
  • Tate & Lyle (U.K.)

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 New Developments               

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 By Type                        

                                5.1.1 Kappa        

                                5.1.2 Lota            

                                5.1.3 Lambda    

                5.2 By Application                           

                                5.2.1 Food Industry        

                                                5.2.1.1 Dairy

                                                5.2.1.2 Meat

                                                5.2.1.3 Beverages

                                                5.2.1.4 Pet Food

                                5.2.2 Pharmaceutical Industry   

                                5.2.3 Cosmetics Industry              

                5.3 By Grade                     

                                5.3.1 Refined Carrageenan         

                                5.3.2 Semi Refined Carrageenan              

                5.4 Seaweed Source                      

                                5.4.1 Gigartina  

                                5.4.2 Chondrus 

                                5.4.3 Iridaea      

                                5.4.4 Eucheuma               

6. Geographical Analysis                                              

                6.1 Introduction                               

                6.2 Brazil                             

                6.3 Mexico                         

                6.4 Argentina                    

                6.5 Rest of Latin America                             

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 Strategic Evaluation and Operations            

                                8.1.4 Financial analysis  

                                8.1.5 Legal issues             

                                8.1.6 Recent Developments       

                                8.1.7 SWOT analysis       

                                8.1.8 Analyst View          

                8.2 Shemberg Marketing Corporation                    

                8.3 Ingredients Solutions Inc.                     

                8.4 Gelymar SA                

                8.5 Soriano SA                  

                8.6 Marcel Trading Corporation                 

                8.7 Scalzo Food Industries                           

                8.8 Altrafine Gums                         

                8.9 TIC Gums Incorporation                        

                8.10 Gum Technology Corporation                          

                8.11 DuPont                      

                8.12 Cargill                          

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. Expert Opinions                                        

                10.1 Market Outlook                     

                10.2 Investment Opportunities                 

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

 

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

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