Report Code: A16138 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Kappa Carrageenan Market
Request Now !Carrageenan is made from a variety of red algae and seaweeds. Carrageenan is used in a variety of culinary and beverage products.Several factors are expected to drive the global carrageenan industry.As an emulsifier, kappa carrageenan is used in the preparation of dairy products such as cheese and ice creams. Carrageenan is also utilized in meat and poultry, as well as baking and confectionery items. Furthermore, several food and beverage manufacturers employ carrageenan instead of gelatine in the production process of vegan sweets. The availability of many substitute products for carrageenan, on the other hand, is expected to limit the global carrageenan market's growth over the forecast period.Â
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Kappa Carrageenan Ingredients are in High Demand in the Food Industry
Kappa Carrageenan is used in a variety of industries, including food, pharmaceuticals, cosmetics, and others. In terms of utilization, the food industry has the biggest share of kappa carrageenan, mainly in dairy products. When kappa carrageenan is added to cottage cheese, it inhibits whey separation, and when a similar amount is added to ice cream, it prevents whey separation produced by other gums used to control texture and ice crystal formation.
Kappa Carrageenan is also found in the meat sector, as well as in water-based foods and pet feeds. The addition of kappa carrageenan to the brine solution used in the pumping of hams improves the product because it binds free water and interacts with the protein, allowing the soluble protein to be retained. Kappa Carrageenan's gelling, thickening, and stabilizing qualities also help to maintain the texture of watery foods.
Asia-Pacific to grow at the fastest rate
Because of abundant production in nations like the Philippines, China, and India, the Asia-Pacific region dominates the global carrageenan market. Carrageenan is used in a variety of industries, including food, pharmaceuticals, cosmetics, and others. Europe is another region where the carrageenan market is booming.Carrageenan is primarily processed in nations such as Denmark and France, with demand for the commodity growing across Europe.
The United States is a major exporter of carrageenan, with the market in North America growing at a faster rate than the global average.In the regional carrageenan market in 2019, Germany and the United Kingdom together accounted for 45 percent of the market share. During the forecast period, however, Asia-Pacific is expected to increase at the fastest rate. Carrageenan production is particularly abundant in the region's southeastern countries. In terms of output, the Philippines held a large market share in the region.
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Kappa Carrageenan Market Report Highlights
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Key Market Players | Company4, Company7, Company5, Company1, Company10, Company3, Company9, Company6, Company2, Company8 |
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