Allen Bond

Carrageenan Market Revenue, Opportunity, Segment and Key Trends 2017-2023

Press Release   •   Jan 17, 2018 12:42 IST

This report analyzes and forecasts the market for Carrageenan Market at the Global and Regional levels. The market has been estimated based on revenue [US$ Mn] from 2017 to 2023 and forecasts for the sub-segments have also been provided in the report. The study includes impact analysis of the drivers and restraints in the Global Carrageenan Market Market. It also covers the analysis of the trends in demand for Carrageenan Market during the forecast period.

Global Carrageenan Market is expected to grow at a CAGR between 5% and 6.5% over the period of 2017 – 2023. Carrageenan is a natural carbohydrate or polysaccharide, which is extracted from the parts of certain kinds of red algae and sea weeds. Iota, Kappa and Lambda are the three major types of Carrageenan. Chondrus crispus, Eucheuma cottoni, Fucellaria fastigiata, G pistillata, G radula, G skottsbergii, H spicifera and some other sea weeds are used for producing Carrageenan.Carrageenan is obtained by alcohol precipitation and semi-refining methods. Carrageenan has anionic and hydrophilic properties. Carrageenan has medicinal properties and it is useful for the treatment of bronchitis, cough, intestinal ailments, tuberculosis and some others. Carrageenan finds application as a binder, emulsifier, and thickening agent in some food manufacturing processes and it is useful for stabilizing foods and tooth paste. Carrageenan has non-food applications in cosmetics and pharmaceutical sectors. Carrageenan is useful in baked foods, batters, confections,preserved meat, products, processed cheeses, dairy and non-dairy products and as an alternative to gelatin.

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Market Insights

Karagen Indonesia, Cargill Inc, Danisco, Seatech Carrageenan Company and other major players in the market focus heavily on research and development to bring innovative products for both food and non-food based applications. They also focus on meeting stringent regulations and marketing the benefits of the carrageenan to remove the misconceptions, about the products related to some health ailments. Carrageenan has significant share in the hydrocolloids segment of food and beverage market. The increasing consumption of processed foods is a major factor that drives the growth of the global carrageenan market. Due to its gelling, stabilizing and thickening properties, the demand from bakery & confectionary, beverages, dairy and beverages industries are increasing significantly and it is expected to drive the growth of the global Carrageenan market. The need for non-animal sourced alternative for gelatin is expected to generate demand for carrageenan for vegetarian and vegan food products industry during the forecast period. As a natural ingredient, the demand for carrageenan is increasing from personal care industry and it is expected to drive the growth of the market.

Segments Covered

The report covers the analysis of global as well as regional markets of Kambucha Market. Moreover, the global Carrageenan Market is segmented by application, by source, by type and by food grade. The global carrageenan market by application covers Alternative to Diary Products, Bakery & Confectionary, Beverages, Dairy Products, Meat and Poultry Products, Personal Care Products, Pharmaceuticals and some others. On the basis of source, the market is segmented as Chondrus, Eucheuma, Gigartina, Iridaea and some others. Based on type, the market is segmented as Iota, Kappa, and Lambda. Based on food grade, the market is segmented as E407, E407a and some others.

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Key topics covered:

1. Preface

2. Executive summary

3. Global Carrageenan Market Overview

4. Global Carrageenan Market: IGR Snapshots

5. Global Carrageenan Market Analysis, By Additive Application (USD million) 2017 – 2023

6. Global Carrageenan market analysis, by Source (USD million) 2017 – 2023

7. Global Carrageenan market analysis, by Type (USD million) 2017 – 2023

8. Global Carrageenan market analysis, by Food Grade (USD million)2017 – 2023

9. Global Carrageenan market analysis, regional analysis (USD million) 2017 – 2023

10. Company profiles

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