The "Carrageenan Market Share, Size, Trends, Industry Analysis Report, By Product; By Function; By Application; By Regions; Segment Forecast, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The global carrageenan market size is expected to reach USD 1.18 billion by 2028 according to a new study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
In 2020, the food & beverage market segment accounted for the largest share, due to the high penetration of the food processing industry, particularly in emerging nations. Carrageenan is majorly used in the food & beverage market due to its ability in increasing the texture and viscosity of the food.
Moreover, carrageenan finds itself in several food formulations such as jams, candies, desserts, jellies, toppings, sauces, gravies, salad dressings, and soups to have the desired texture. It is expected that its functional capabilities, acceptance among consumers, the positive endorsement will also complement carrageenan demand in the concerned market.
Among food & beverage, the bakery market segment is projected to witness a lucrative growth rate over the assessment period. The growing demand for natural baked foods and the rising trend for healthy snacks is expected to drive the product demand. Moreover, the growing use of carrageenan as a thickening and gelling agent in bakery products is also increasing the segment's market growth prospects.
The pharmaceutical market segment is project ted to hold revenue share. Carrageenan is used as excipients in drug delivery systems as suspender, wetting agent, solubilizing agent, stabilizer, and adhesive agent. Such distinct features are particularly suitable for liquid medicines. It forms a transparent gel with high thixotropic properties, particularly used in syrups and emulsions.
Asia Pacific carrageenan demand is expected to witness a lucrative market growth rate over the assessment period owing to rapid advances in the dairy and food processing industry. Moreover, increasing consumer demand towards clean-label food and dairy products also pressurizing manufacturers in the region to focus on carrageenan product innovations in the last few years.
Market participants such DuPont, CP Kelco, Ingredion Incorporated, Ceamsa, Aquarev Industries, MCPI Corporation, W Hydrocolloids Inc., LAUTA Ltd., Marcel Trading Corporation, TBK Manufacturing Corporation, Erik Ocaya and Josh Cabrera, ACCEL Carrageenan Corporation, Cargill, Incorporated, Ashland, and TIC Gums, Inc.
Key Topics Covered:
1.1. Report Description
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.2. Data Sources
4. Carrageenan Market Insights
4.1. Carrageenan - Industry snapshot
4.2. Carrageenan Market Dynamics
4.3. Porter's Five Forces Analysis
4.4. PESTLE Analysis
4.5. Carrageenan Market Industry trends
4.6. COVID-19 Impact Analysis
5. Carrageenan Market Assessment by Product
5.1. Key Findings
6. Global Carrageenan Market, by Function
6.1. Key Findings
6.4. Gelling Agent
7. Carrageenan Market Assessment by Application
7.1. Key Findings
7.3. Food & Beverage
7.5. Personal Care & Cosmetics
8. Carrageenan Market Assessment by Geography
8.1. Key findings
8.3. Carrageenan Market - North America
8.4. Carrageenan Market - Europe
8.5. Carrageenan Market - Asia-Pacific
8.6. Carrageenan Market - Middle East & Africa
8.7. Carrageenan Market - Latin America
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
10. Company Profiles
10.1. CP Kelco U.S. Inc.
10.3. W Hydrocolloids Inc.
10.4. LAUTA Ltd.
10.5. Aquarev Industries
10.6. MCPI Corporation
10.7. Marcel Trading Corporation
10.8. TBK Manufacturing Corporation
10.10. ACCEL Carrageenan Corporation
10.11. Ingredion Incorporated
10.12. Cargill, Incorporated
10.14. TIC Gums, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/yg2w8o
View source version on businesswire.com: https://www.businesswire.com/news/home/20210518005836/en/
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