Middle East And Africa Carrageenan Market

Middle East and Africa Carrageenan Market Size (2024 To 2029)

The carrageenan market size in the Middle East and Africa is estimated to be worth USD 67.12 billion by 2029 from USD 55.37 billion in 2024, growing at a CAGR of 3.92% from 2024 to 2029.

Carrageenan’s are large, highly flexible molecules that curl forming helical structures. This gives them the ability to form a variety of different gels at room temperature. They are widely used in the food and other industries as thickening and stabilizing agents. Increasing demand for food additives, gelling and emulsifying agents is expected to activate the market growth over the next seven years. Growing demand for hydrocolloids from several industries such as pharmaceutical, food & beverages, personal care & cosmetics is estimated to complement the market growth over the forecast period. Increasing concerns over benefits of carrageenan are hindering the market.

This research report on the Middle East and Africa Carrageenan Market has been segmented and sub-segmented based on the following categories.

MEA Carrageenan Market By Type

• Kappa
• Lota
• Lambda

MEA Carrageenan Market By Application

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

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

MEA Carrageenan Market By Grade

• Refined Carrageenan
• Semi Refined Carrageenan

MEA Carrageenan Market By Seaweed Source 

• Gigartina
• Chondrus
• Iridaea
• Eucheuma

MEA Carrageenan Market By Region

• KSA
• UAE
• Israel
• Rest Of GCC Countries
• South Africa
• Ethiopia
• Kenya
• Egypt
• Sudan
• Rest Of MEA

Geographically the market is segmented into Middle-East and Africa. Africa is dominating the region’s market and expected to continue its dominance over the forecast period.

KEY MARKET PLAYERS 

Major key players in the MEA 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.).