Carrageenan Market Forecast to 2028 – Covid-19 Impact and Global Analysis - by Type (Kappa, Lota, Lambda); Application (Food Industry, Pharmaceutical Industry, Cosmetics Industry, Others); Function (Thickener, Stabilizer, Gelling Agent, Others) and Geography
Report Code: TIPRE00009477
| No. of Pages: 150
| Category: Food and Beverages
| Status: Upcoming
Carrageenans or carrageenins belong to the family of linear sulfated polysaccharides, which are extracted from red edible seaweeds. Carrageenans are extensively used in the food industry as a gelling, thickening, and stabilizing agent. Carrageenans have main application in dairy products and meat products, due to their strong binding properties to food proteins. There are three main varieties of carrageenan, including kappa, iota, and lambda, which differ in their degree of sulfation present in it. Kappa-carrageenan possesses one sulfate group per disaccharide, iota-carrageenan has two, and lambda-carrageenan has a three sulfate group. Carrageenan is used as a vegetarian and vegan alternative to gelatin in some applications or may be used to replace gelatin in confectionery. Kappa forms a strong and rigid gel in the presence of potassium ions and reacts with dairy proteins. It is sourced mainly from the species Kappaphycus alvarezii. Iota forms soft gels in the presence of calcium ions. It is produced mainly from the species called Eucheuma denticulatum. Lambda does not gel and is used to thicken dairy products..
The carrageenan market has witnessed significant growth owing to factors such as growing applications in the food industry, pharmaceutical industry, cosmetics industry, and others. In food processing industries, carrageenan works as a thickener, stabilizer, gelling agent, and others. The demand for carrageenan is increasing due to the rise in demand for processed foods among consumers globally. Also, increasing demand for natural and organic ingredients among consumers is again influencing the market growth for carrageenan. However, various health effects associated with carrageenan, such as the possibility to trigger bloating, inflammation, skin allergy, may lead to limited usage of carrageenan by food industries, which in turn may hamper the market growth for carrageenan. Nevertheless, with the steady growth in the food processing industries, the market players have opportunities to invest in this market.
The "Global Carrageenan Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the carrageenan market with detailed market segmentation by type, application, function, and geography. The global carrageenan market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading carrageenan market players and offers key trends and opportunities in the market.
The global carrageenan market is segmented on the basis of type, application, and function. On the basis of type, the carrageenan market is segmented into kappa, lota, and lambda. Based on application, carrageenan market is segmented into food industry, pharmaceutical industry, cosmetics industry, and others. The carrageenan market on the basis of the function is classified into thickener, stabilizer, gelling agent, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global carrageenan market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The carrageenan market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the carrageenan market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the carrageenan market in these regions.
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The reports cover various key developments in the global carrageenan market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from carrageenan market are anticipated to lucrative growth opportunities in the future with the rising demand for carrageenan in the global market. Below mentioned is the list of few companies engaged in the carrageenan market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the carrageenan market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
ACCEL Carrageenan Corporation
Scalzo Food Industries
TBK Manufacturing Corporation
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