Carrageenan Gum Market, By Type (Kappa Carrageenan, Iota Carrageenan, and Lambda Carrageenan), By Application (Food & Beverages, Personal Care & Toiletries, Pharmaceuticals, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Mi
Carrageenan Gum Market, By Type (Kappa Carrageenan, Iota Carrageenan, and Lambda Carrageenan), By Application (Food & Beverages, Personal Care & Toiletries, Pharmaceuticals, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa).
Carrageenan gum is a type of hydrocolloid polysaccharide extracted from red edible seaweeds. It is widely used as a thickening, emulsifying, and stabilizing agent in various kinds of foods, personal care, and pharmaceutical products. Carrageenan gum’s properties include forming viscous solutions and gels, binding water and fat molecules together, and imparting a creamy texture. The global market for carrageenan gum has been growing steadily over the years due to its versatile functionality and varied applications across industries. Food manufacturers extensively use it in dairy, meat, gluten-free and other products to improve texture, shelf-life and cooking yield. With changing consumer preferences for healthy and natural ingredients, carrageenan gum demand is likely to rise further in the coming years.
Market Dynamics
The carrageenan gum market growth is driven by factors such as growing demand for processed food worldwide owing to increasing fast-paced lifestyles, urbanization and health consciousness among people. It is a popular stabilizer commonly used by food processors as it produces food structures mimicking fat without adding calories. Regulations permitting its use in reducing overall fat content in foods is also fueling its uptake. However, side effects reported from consumption of high levels of certain types of carrageenan act as a restraint. New product development using advanced carrageenan extracts with added functionality presents an opportunity for market expansion. Players differentiating based on organic and non-GMO certification can gain more customers in developed regions. However, regulations restricting carrageenan content in infant formulas due to digestibility concerns act as a restraint. Alternatives such as guar gum, xanthan gum and pectin also limit the market growth. Opportunities lie in developing innovative product forms and application areas for carrageenan like pet foods, pharmaceuticals and cosmetics.
Key Features of the Study
This report provides in-depth analysis of the global carrageenan gum market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, 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 highlights, products portfolio, key highlights, financial performance, and strategies
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, Kerry Group, Cargill Incorporated, Altrafine Gums, W Hydrocolloids Inc., CEAMSA, LEM Products, and Ingredients Solutions
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global carrageenan gum market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, 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
Market Segmentation
By Type Insights (Revenue, USD, 2019 - 2031)
Kappa Carrageenan
Iota Carrageenan
Lambda Carrageena
By Application Insights (Revenue, USD, 2019 - 2031)
Food & Beverages
Personal Care & Toiletries
Pharmaceuticals
Others (Feed & Pet Food, etc.)
Regional Insights (Revenue, USD, 2019 - 2031)
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa
Key Players Insights
CP Kelco U.S.
Marcel Trading Corporation
FMC Corporation
E.I. du Pont de Nemours and Co.
Gelymar S.A
Kerry Group
Cargill Incorporated
Altrafine Gums
W Hydrocolloids Inc.
CEAMSA
LEM Products
Ingredients Solutions, Inc
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Application
Market Snippet, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER’s Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend
4. Global Carrageenan Gum Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting the Global Carrageenan Gum Market – COVID-19
Impact Analysis
5. Global Carrageenan Gum Market, By Type, 2019-2031 (USD Mn)
Introduction
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Kappa Carrageenan
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Iota Carrageenan
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Lambda Carrageenan
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
6. Global Carrageenan Gum Market, By Application, 2019-2031 (USD Mn)
Introduction
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Food & Beverages
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Personal Care & Toiletries
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Pharmaceuticals
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Others (Feed & Pet Food, etc.)
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
7. Global Carrageenan Gum Market, By Region, 2019-2031 (USD Mn)
Introduction
Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2031
Market Size and Forecast, By Type, 2019- 2031 (USD Mn)
Market Size and Forecast, By Application, 2019- 2031 (USD Mn)
Countries
U.S.
Canada
Latin America
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2031
Market Size and Forecast, By Type, 2019- 2031 (USD Mn)
Market Size and Forecast, By Application, 2019- 2031 (USD Mn)
Countries
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2031
Market Size and Forecast, By Type, 2019- 2031 (USD Mn)
Market Size and Forecast, By Application, 2019- 2031 (USD Mn)
Countries
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2031
Market Size and Forecast, By Type, 2019- 2031 (USD Mn)
Market Size and Forecast, By Application, 2019- 2031 (USD Mn)
Countries
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2031
Market Size and Forecast, By Type, 2019- 2031 (USD Mn)
Market Size and Forecast, By Application, 2019- 2031 (USD Mn)
Sub-regions/Countries
GCC Countries
Israel
Rest of Middle East
Africa
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2031
Market Size and Forecast, By Type, 2019- 2031 (USD Mn)
Market Size and Forecast, By Application, 2019- 2031 (USD Mn)
Regions/Countries
South Africa
North Africa
Central Africa
8. Competitive Landscape
Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
CP Kelco U.S.
Company Overview
Type Portfolio
Recent Developments/Updates
Marcel Trading Corporation
Company Overview
Type Portfolio
Recent Developments/Updates
FMC Corporation
Company Overview
Type Portfolio
Recent Developments/Updates
E.I. du Pont de Nemours and Co.
Company Overview
Type Portfolio
Recent Developments/Updates
Gelymar S.A.
Company Overview
Type Portfolio
Recent Developments/Updates
Ingredients Solutions Inc.
Company Overview
Type Portfolio
Recent Developments/Updates
Kerry Group
Company Overview
Type Portfolio
Recent Developments/Updates
Cargill Incorporated
Company Overview
Type Portfolio
Recent Developments/Updates
Altrafine Gums
Company Overview
Type Portfolio
Recent Developments/Updates
W Hydrocolloids Inc.
Company Overview
Type Portfolio
Recent Developments/Updates
CEAMSA
Company Overview
Type Portfolio
Recent Developments/Updates
LEM Products
Company Overview
Type Portfolio
Recent Developments/Updates
9. Analyst Recommendation
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. Section
References
Research Methodology
About Us and Sales Contact
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