Carrageenan Market Size, Share, Analysis & Forecast 2021-26 According to IMARC Group’s latest report, titled “Carrageenan Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market exhibited moderate growth during 2015-2020. Carrageenan, an anionic polysaccharide, is extracted from the species of purple and red seaweeds, such as Gigartina, Chondrus, Fur cellaria, Eucheuma, and Phyllophora. It is non-toxic, biocompatible, and biodegradable and is used to stabilize and gelatinize proteins in ice cream, yogurt, cottage cheese, whipped toppings, and milk pudding. Carrageenan is also used to bind water and control the structural integrity and texture of the meat products, such as cooked sausages and hams. Additionally, it is employed in the cosmetics industry to attain the correct consistency and texture of products.
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The increasing use of carrageenan in bakery and confectionery items and the shifting consumer preference toward processed food products are key factors primarily driving the market growth. Carrageenan is extensively used across the cosmetic industry due to its anticarcinogenic, antioxidant, and antiaging properties, which is another factor contributing to the market growth. Apart from this, the growing product demand across the pharmaceutical industry and the strategic partnerships among the key players to introduce innovative products are factors creating a positive outlook for the market. Looking forward, IMARC Group expects the global carrageenan market to grow at a CAGR of around 6% during the forecast period (2021-2026).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- ACCEL Carrageenan Corporation
- Aquarev Industries
- Ashland
- Cargill Incorporated
- Ceamsa
- CP Kelco U.S. Inc. (J.M. Huber Corporation)
- DuPont de Nemours Inc.
- Ingredion Incorporated
- LAUTA Ltd.
- Marcel Carrageenan
- MCPI Corporation
- TBK Manufacturing Corporation.
Market Segmentation:
Breakup by Product:
Breakup by Function:
- Thickener
- Gelling Agent
- Stabilizer
- Others
Breakup by Application:
- Food and Beverage
- Pharmaceutical
- Personal Care and Cosmetics
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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