The global demand for Carrageenan Gum Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Ton in 2021 and forecast to touch XX Ton by 2028 with a CAGR of XX% during 2022-2028.
Carrageenan gum refers to a naturally-occurred family of marine polysaccharides acquired from seaweed. They are considered as a water-soluble dietary fiber. Carrageenans are an outstanding alternative to animal-based thickeners such as gelatin. Carrageenan can be utilized to make a range of textures in foods and beverages. Its main application is in meat and dairy products such as beer, cheese, meat, and fish due to tough interactions with the protein. Carrageenan is extracted mainly from red seaweed, most commonly of the Chondrus crispus, Eucheuma cottonii, Gigartina stellata species, and Eucheuma spinosum. Carrageenan is majorly available in three grades: kappa, iota, and lambda.
Market Dynamics
The rising demand for carrageenan as a thickening agent from other industries such as cosmetics and personal care & cosmetics, chemical, and pharmaceutical is the major factor driving the carrageenan gum market. The increase in the demand for carrageenan from the food & beverage industries owing to its diversified application as a thickening & gelling agent leads to high market demand from the companies. The high demand for gelling agents in sauces, dips, dairy desserts, and other dairy & non-dairy beverages is contributing to high market demand in the forecast period. Moreover, the growing population of vegan consumers in the country is likely to create lucrative growth opportunities for key players of the Carrageenan gum market in the coming years.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of carrageenan gum. The growth and trends of Carrageenan Gum Industry provide a holistic approach to this study.
Market Segmentation
This section of the carrageenan gum market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
By Industry Type
- Food & Beverage
- Pharmaceutical
- Cosmetics
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Carrageenan Gum market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Carrageenan Gum Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the carrageenan gum market include Gum Gurus, BLG, Marcel Trading Corporation, FMC Corporation, J.M. HUBER, Aquarev Industries, Shemberg Marketing Corporation, AEP Colloids Inc., and CP Kelco U.S. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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