Carrageenan is an additive for the thickening, emulsification and preservation of food and drink. They are natural ingredients which are derived from the red seaweed. Cream, ice cream, coconut milk, hemp milk, deli meats, cottage cheese, almond milk and other are some of the common sources of the carrageenan. They don’t have any taste or nutritional value. They are also used as an alternative for fat in low fat dairy and food replacement. Kappa, lambda and Lota are common type of carrageenan and are widely used in application such as food, personal, pharmaceutical and other.
Carrageenan Market By Source (Thickener, Stabilizer, Gelling Agent, Others), Application (Food, Pharmaceutical, Personal, Others), Type (Kappa, Lota, Lambda), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026.
Global carrageenan market is set to witness a substantial CAGR 7.25% in the forecast period of 2019- 2026. The report contains data of the base 2018 and historic year 2017. Increasing application of carrageenan and increasing prevalence of private label products are the factor for the growth of this market.
Availability of alternatives in the market will restrain the market growth
Carrageenan can cause bloating, inflammation, color cancer, food allergies and other which can also hamper its demand in the market
Growing demand of carrageenan from food industry will drive the market growth
Increasing usage of carrageenan rather than gelatine in production process of vegan products will also accelerate the growth of this market
Rising health consciousness among population and rising awareness about the ingredients in the packaged foods also acts as a market driver
New product launched in the market will also boost this market growth
Segmentation: Carrageenan Market:
Meat & poultry products
Sauces & dressing
Global carrageenan market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of carrageenan market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Developments in the Market:
In July 2018, Cargill announced the expansion of their Seabrid portfolio with the launch of new carrageenan extract Satiagel Se which is specially designed for texturising solution in creamy dairy desserts. This new carrageenan extract is based on 100% cultivated seaweed and is manufactured using sustainably sourced ingredients. The main aim of the launch is to provide the customer with combination of high quality desserts at affordable price
In May 2018, Marcel, announced the acquisition of Cebu carrageenan plant from CP Kelco. With this, now company will be handling four carrageenan plants. This acquisition will help the company to enhance their portfolio and technical abilities. With this Cebu plant now company can work closely with the seaweed farmers
Key Market Competitors:
Few of the major competitors currently working in the global carrageenan market are Mcpi Corporation Carrageenan, Marcel Trading Corporation, ACCEL Carrageenan Corporation, TBK Manufacturing Corporation, Cargill, Incorporated, Caldic B.V., Ina Food Industry Co., Ltd., Danlink Ingredients (Pty) LTD., AEP Colloids Inc, Ingredients Solutions Inc, Gelymar, Scalzo Trading Co Pty Ltd, FMC Corporation., CP Kelco U.S., Inc, W Hydrocolloids Inc, ZAMBOANGA CARRAGEENAN, Devson Impex Private Limited, AquAgri Processing Private Limited, Aquarev Industries, Innovative Food Solutions LAUTA among others.
Key Pointers Covered in the Carrageenan Market:
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market by Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Market Regulatory Framework and Changes
Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
MAJOR TOC OF THE REPORT:
Chapter One: Carrageenan Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Carrageenan Market Competition, by Players
Chapter Four: Carrageenan Market Size by Regions
Chapter Five: Carrageenan Market Revenue by Countries
Chapter Six: Carrageenan Market Revenue by Type
Chapter Seven: Carrageenan Market Revenue by Application
Chapter Eight: Carrageenan Market Revenue by Industries
Chapter Nine: Carrageenan Market Revenue by Deployment Model
Chapter Ten: Carrageenan Market Revenue by End User
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The key questions answered in this report:
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