North America Carrageenan Market Will Continue to Grow at 4.6% CAGR by 2021


Posted August 4, 2017 by Krshna

North America Carrageenan Market by Type, by Application, by Grade, by Seaweed Source, and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)

 
Market Data Forecast recently published a report on the North America Carrageenan Market which estimates the market to grow from USD 199.8 million from 2016 to USD 250.18 million with a high CAGR of 4.6%.

View Full Report at http://www.marketdataforecast.com/market-reports/north-america-carrageenan-market-1596/

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North America imports Carrageenan mainly from China, Indonesia and Philippines because of the easy availability of the Sea weed.

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

The DROC Analysis contains some of the factors that have major effects on the market dynamics be it positive or negative. The demand for Carrageenan has reduced as customers have inclined more towards alternatives such as SRC Grade food and RC Gel pressed products. As large choice 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.

The products are segmented based on Type, Application, Grade, and Seaweed Source and studied for a deep-level understanding of the Carrageenan Market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.

Based on Type:                       

Kappa
Lota
Lambda


Based on Application:                          

Food Industry
Dairy
Meat
Beverages
Pet Food
Pharmaceutical Industry
Cosmetics Industry


Based on Grade:                    

Refined Carrageenan
Semi Refined Carrageenan


Based on Seaweed Source:                     

Gigartina
Chondrus
Iridaea
Eucheuma


Geographically the market is segmented into USA and Canada. Owing to the varied applications of Carrageenan in dairy, pet foods, and meat the US has developed an ample market for Carrageenan and its value has augmented greatly in the last few years.

As per the report, companies like AEP Colloids, Shemberg Marketing Corporation, Soriano SA,  Ingredients Solutions Inc., TIC Gums Incorporation, Gum Technology Corporation, Marcel Trading Corporation, Danisco A/S, Scalzo Food Industries, Altrafine Gums, Gelymar SA, DuPont (U.S.), Cargill (U.S.), TIC Gums (U.S.), Tate & Lyle (U.K.), Kerry Group (Ireland), Ingredion (U.S.), CP Kelco (U.S.), and Ashland Inc (U.S.).

About Market Data Forecast:

The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the client’s research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering North America among other regions of the global market as well. For more info kindly visit, www.marketdataforecast.com

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Issued By Market Data Forecast
Country India
Categories Business , Food , Industry
Tags North America Carrageenan Market Report , North America Carrageenan Market , Carrageenan Market
Last Updated August 4, 2017