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.
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.
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 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.
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
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
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