Carrageenan Gum Market, by Type (Kappa Carrageenan, Iota Carrageenan, Lambda Carrageenan), by Application (Food & Beverages (Dairy Products, Meat Products, Confectionery & Bakery, Beverages, Salads & dressings), Personal Care & Toiletries (Toothpaste, Air

Carrageenan Gum Market, by Type (Kappa Carrageenan, Iota Carrageenan, Lambda Carrageenan), by Application (Food & Beverages (Dairy Products, Meat Products, Confectionery & Bakery, Beverages, Salads & dressings), Personal Care & Toiletries (Toothpaste, Air Fresheners, Cosmetics), Pharmaceuticals, Feed & Pet Food), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Carrageenan gum is extracted from a species of purple and red seaweeds and finds its application as a thickener and emulsifier in food & beverages, personal care, pharmaceutical, and cosmetics industries. It is commercially available in powder form with off white or brown color, as a result of which it is also known as seaweed flour. It is used as gelling agent in different food & beverage products such as dairy, water gels and meat.

Market Dynamics

The global carrageenan gum market has witnessed a surge of growth in terms of revenue in recent years, owing to the rising health concerns among consumers which in turn resulted the rise in demand for healthy food products. The surge in demand for emulsifying agents, gelling agents and food additives in food & beverages industry is expected to foster the demand for carrageenan gum in the next few years.

Carrageenan gum is also used in the pharmaceutical industry due to its multifunctional qualities such as antiviral, antibacterial, anticoagulant, and antitumor properties. Incorporation of carrageenan gum-based biomaterials in pharmaceutical formulations is increasing in tissue engineering and drug delivery. Carrageenan gum readily forms into a strong gel when combined with calcium salts, which makes them soluble in water and maintains the elasticity of the product. This compound is applied in the pharmaceutical industry to as an alternative to neuraminidase inhibitors, particularly in nasal sprays. This scenario is anticipated to provide lucrative growth to the market in the forecasting period.

Carrageenan gum is widely used in various application industries such as meat, pet food & feed, beverages and others, owing to its superior viscosity and gelling properties. Carrageenan gum prevents the separation of protein and fat in dairy products, on account of which it is used as alternative for gelatin jelly in dairy products. This scenario is expected to provide lucrative growth to the market in the forecasting period.

Key features of the study:

• This report provides an in-depth analysis of global carrageenan gum market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global carrageenan gum market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include CP Kelco U.S., Marcel Trading Corporation, FMC Corporation, E. I. du Pont de Nemours and Co., Gelymar S.A, Ingredients Solutions Inc., Kerry Group, Cargill Incorporated, Altrafine Gums, W Hydrocolloids Inc. and CEAMSA
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global carrageenan gum market report caters to various stakeholders in this industry including investors, suppliers, carrageenan gum service providers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global carrageenan gum market

Detailed Segmentation:

• Global Carrageenan Gum Market, By Type:
• Kappa Carrageenan
• Iota Carrageenan
• Lambda Carrageenan
• Global Carrageenan Gum Market, By Application:
• Food & Beverages
• Personal Care & Toiletries
• Pharmaceuticals
• Feed & Pet Food
• Global Carrageenan Gum Market, By Region:
• North America
• By Country:
• U.S.
• Canada
• Latin America
• By Country:
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Europe
• By Country:
• Germany
• U.K.
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• By Country:
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa
• By Country/Region:
• Middle East
• Africa
• Company Profiles
• CP Kelco U.S.
• Company Overview
• Product Portfolio
• Key Strategies
• Recent Developments
• Future Plans
• Marcel Trading Corporation
• FMC Corporation
• I. du Pont de Nemours and Co.
• Gelymar S.A
• Ingredients Solutions Inc.
• Kerry Group
• Cargill Incorporated
• Altrafine Gums
• W Hydrocolloids Inc.
• CEAMSA

“*” marked represents similar segmentation in other categories in the respective section