Allied Market Research

2024

Carrageenan Market

Carrageenan Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product Type, by Source and, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Renewable, Speciality and fine chemicals

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Author's: | Eswara Prasad
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Carrageenan is an additive and a natural ingredient derived from red seaweed or Irish moss that is used to caramelize, thicken, and preserve food & beverages. It is a soluble fiber that makes certain foods more nutritious by assisting low-sugar and low-fat options and tastes as good as their counterparts for sugars. Carrageenan finds its application in are yogurt, meat products, and nut milk. In addition, soy milk, hemp milk, deli meats, chocolate milk, cottage cheese, non-dairy desserts, vegan cheeses, and coconut milk are common sources of readily available carrageenan. It is found primarily in undigested and decomposed forms. Carrageenan intake can promote or trigger inflammation, bloating, food allergies, colon cancer, and irritable bowel syndrome. It is not digestible and has no nutritional value, and is used extensively to emulsify and thicken the products.

COVID-19 scenario analysis

  • The worldwide pandemic does not cause harm in the demand for carrageenan, as it is used widely in the food& beverage industry, pharmaceutical, and personal care industries.
  • In many countries, the industries are shut down, which has drastically declined the production of carrageenan, due to the restrictions imposed of the labor movement 
  • The supply chain of carrageenan has disrupted due to trade barriers.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

 Consumers are more inclined toward processed foods due to the changes in lifestyle, which fuels the growth of the carrageenan market during the forecast period. In addition, increase in demand for processed foods and surge in need for organic ingredients in processed food are major factors driving the growth of the carrageenan market.

Furthermore, rapid rise in consumer demand for precooked poultry products is the key factor driving the growth of the carrageenan market.

Owing to its increase in application as a gelling agent, the pharmaceutical industry is one of the major end-use industries of carrageenan.

Various carrageenan-related side effects and the possibility of triggering bloating, glucose intolerance, and inflammation are anticipated to hinder global carrageenan market growth during the forecast period.

Some governmental organizations, such as the National Organic Standards Board, have recently voted to remove the carrageenan from their approval list, and foods with carrageenan will no longer be labeled as organic USDA. This could further affect carrageenan consumption, and is projected to hamper the growth of the global market.

High demand for carrageenan from the food & beverage industry 

Carrageenan ingredients are mostly found in the food, pharmaceuticals, and cosmetics industries. The food industry has the highest share of carrageenan in terms of usability, particularly in dairy products. Kappa carrageenan added to the cottage cheese will prevent whey splitting and a similar amount added to ice cream will control the texture. Moreover, carrageenan is used in meat, water-based foods, and pet foods. Owing to its gelling, thickening and stabilizing properties, carrageenan helps to maintain the texture of watery foods.

Key benefits of the report:

  • This study presents the analytical depiction of the carrageenan Industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the carrageenan market share.
  • The current market is quantitatively analyzed to highlight the global  carrageenan growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global carrageenan market research report:

  • Which are the leading market players active in the global carrageenan market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?

Carrageenan Market Report Highlights

Aspects Details
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By Product Type
  • Kappa
  • Lota
  • Lambda
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By Source
  • Thickener
  • Stabilizer
  • Gelling Agent
  • Others
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By Application
  • Food Industry
  • Pharmaceutical Industry
  • Cosmetics Industry
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

AEP Colloids Inc., Shemberg Marketing Corp., PT Fortuna Cahaya Cemerlang, Ingredients Solutions Inc., Soriano SA, TBK Manufacturing Corporation, Scalzo Food Industries.,, MCPI Corporation, Gelymar SA., Marcel Trading Corporation.

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Carrageenan Market

Global Opportunity Analysis and Industry Forecast, 2023-2032