North America Carrageenan Market

North America Carrageenan Market Size (2024 To 2029)

The size of the North America carrageenan market is expected to be worth USD 353.63 million in 2024 and grow at a CAGR of 5.02% from 2024 to 2029 to achieve USD 451.82 million by 2029. North America imports Carrageenan mainly from China, Philippines and Indonesia because of the easy availability of the Sea weed.

Carrageenan is polysaccharide, consumed as a natural preservative in several food and pharmacological applications. Carrageenan comes under the family of linear sulphated polysaccharides which are taken out from red edible seaweeds and are largely used in the food industry.

The demand for Carrageenan has reduced as customers have inclined more towards alternatives such as RC Gel pressed products and SRC Grade food. As huge population desires non vegetarian food therefore, there is a great demand for meat, hence fueling this market. The accessibility of alternatives such as agar, a jelly like material has made the carrageenan market down.

This research report on the North America carrageenan market is segmented and sub-segmented into the following categories.

North America Carrageenan Market By Type

• Kappa
• Lota
• Lambda

North America Carrageenan Market By Application

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

North America Carrageenan Market By Grade

• Refined Carrageenan
• Semi Refined Carrageenan

North America Carrageenan Market By Seaweed Source

• Gigartina
• Chondrus
• Iridaea
• Eucheuma

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

North America Carrageenan Market By Region 

• US
• Canada
• Rest of North America

Owing to the varied applications of Carrageenan in dairy, meat and pet foods, the US has developed an ample market for Carrageenan and its value has augmented rapidly in the last few years.

KEY MARKET PLAYERS

Major Key Players in the North 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.), and Tate & Lyle (U.K.)