Carrageenan Market Trend 2018-2027: Key Findings, Regional Analysis, Top Key Players Review, Future Prospects and Industry Research Report

“Carrageenan Market Trend 2018-2027”
Carrageenan Market Outlook – Research Report, by Types (Kappa Carrageenan, Lambda Carrageenan and iota Carrageenan) and Applications (Food Industry, Pharmaceutical Industry and Domestic Uses) Forecast to 2027

Market Overview:

Growing application of carrageenan in food and pharmaceutical industry is driving the market for carrageenan.

Rising application of carrageenan in food and beverage industry as natural gelling and stabilizing agent in the food and beverage products is supporting the market growth. Moreover, the increased use of additives such as carrageenan has surged the demand for global carrageenan market. Gelling agent such as carrageenan is majorly used in making pastries, many key players which as involved in research and development are invented an injectable bandage to stop bleeding and promote wound healing which will influence the demand of carrageenan in pharmaceutical industry.

From last few years, many pet food manufacturers are started using carrageenan in pet food formulation which is playing a key role in increasing demand of carrageenan across the globe. Nevertheless, growing health concerns such as gastrointestinal and inflammatory disorders related to use of carrageenan in various food and beverage products will hamper the market growth during the forecast period.

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Latest Industry Updates:

April 2018 DuPont among Coalition to Applaud USDA Carrageenan Decision to continue support of ingredient in organic foods affirms safety and value of carrageenan.

April 2018 Researchers used kappa-carrageenan and nanosilicates to form injectable hydrogels to promote hemostasis (the process to stop bleeding) and facilitate wound healing via a controlled release of therapeutics.

March 2018 The National Organic Standards Board, which advises the U.S. Department of Agriculture on rules for the organic industry, recently voted to ban carrageenan from organic food

Feb 2018 Canadian Health Food Association’s (CHFA) annual trade show CHFA West, Advanced Orthomolecular Research (AOR) a leading provider of high quality nutraceuticals, has launched the Eco Series, a World First achievement in carrageenan-free vegan softgels.

Competitive Analysis:

The market competitors are focusing to increase opportunities to use carrageenan in food and pharmaceutical products. The companies are targeting emerging markets to expand their geographical presence and investing significantly to improve production techniques.

The key players profiled in Carrageenan market report are MCPI Corp (Philippines), Caldic B.V. (Netherlands), Marcel Carrageenan (Philippines), Ina Food Industry Co Ltd. (Japan), Danlink Ingredients (Pty) Ltd. (South Africa), ACCEL Carrageenan Corporation (Philippines), and PT Fortuna Cahaya Cemerlang (Indonesia) among many others.

Market Segments:

The global Carrageenan market has been divided into product type, application, and region.

On The Basis of Type: kappa Carrageenan, lambda Carrageenan, and Others

On The Basis of Applications: Foods, Beverages, Pharmaceuticals, and Others

On The Basis of Region: North America, Europe, Asia Pacific, and ROW

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Regional Analysis:

The global carrageenan market is segmented into Asia Pacific, Europe, North America, and rest of the world (RoW). The Asia Pacific region holds major market share in the in the global carrageenan market followed by the Europe. In the Asia Pacific region, China holds major market share in higher consumption of carrageenan especially due to increasing application of carrageenan in confectioneries and frozen dairy products. Moreover, China plays major role in export of carrageenan across the globe.

Increasing demand for natural gelling and stabilizing agent in processed food & beverages and rising awareness among consumers has boosted the demand for natural carrageenan in European countries such as the France, Germany and U.K. which is likely to influence the growth of the carrageenan market during the forecast period.

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