Market Overview:
The global carrageenan gum market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for dairy, meat & poultry, water gels, PES (processed eucheuma seaweed), food grades, toothpaste and other applications. Carrageenan gum is used as a thickener and stabilizer in various applications such as dairy products, meat & poultry products, water gels and others. It helps in improving the texture of food products and also prevents them from separation or clumping together. Additionally, it also helps in retaining the flavor and freshness of food products for a longer period of time.
Product Definition:
Carrageenan is a type of gum derived from seaweed. It is used as a thickener and stabilizer in food products. Carrageenan has no nutritional value, but it does help to thicken and stabilize foods. It can be used in both cold and hot applications, and it is often found in dairy products, sauces, dressings, and marinades.
Iota:
Iota is the smallest of all gums and has a unique flavor due to its taste. It is also used in various food products such as bakery, ice cream, processed meat, sauces and condiments. Iota can be extracted from different types of sources such as palm tree and seaweed. The most commonly used species for extraction of iota gum is Eucheuma acuminatum which contains high levels of the compound in its outer bark layer.
Kappa:
Kappa is a non-gelling seaweed extract and is used as a gelling agent in the food industry. It has high nutritional value and can be compared to other natural gelling agents such as xanthan gum, locust bean gum, arabic acid, alginates, carrageenan gum among others.
Application Insights:
The demand for carrageenan gum in dairy products accounted for a share of over 35.0% in 2017. The product is widely used as an emulsifier and dispersant which helps enhance the creaminess, texture, and flavor of milk-based drinks & foods. Moreover, it also finds application as a stabilizing agent in ice creams and yogurts which are expected to propel its demand during the forecast period.
Carbonated soft drinks (CSD) are one of the most consumed beverages across the globe with approximately 1 liter being consumed by each person per day on average. Growing CSD market along with increasing health concerns among consumers regarding sugar intake is expected to drive consumption of carrageenan gum over the forecast period thereby propelling its global demand growth from 2018 to 2030 at a significant rate.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key manufacturers such as China Gohsei Corporation, FrieslandCampina N.V., and Suntago Co., Ltd. in countries such as Japan, South Korea, and China respectively is anticipated to boost regional growth over the coming years.
The product demand in Europe was valued at USD X million in 2017 owing to high application scope across several industries including dairy products, meat & poultry products, processed food & beverage sector among others which are likely to propel industry expansion over the next eight years (2018-28).
Growth Factors:
- Increasing demand for natural and healthy food products is driving the growth of carrageenan gum market.
- Rising awareness about the benefits of carrageenan gum is another major factor fuelling the growth of this market.
- Growing demand for convenience foods is also propelling the growth of carrageenan gum market.
- Rapid urbanization and changing lifestyle are some other factors that are contributing to the expansion of this market globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Carrageenan Gum Market Research Report
By Type
Iota, Kappa, Lambda
By Application
Dairy, Meat & Poultry, Water Gels, PES (Processed Eucheuma Seaweed), Food Grades, Toothpaste, Others
By Companies
BLG Shanghai & Zhejiang Plants, Kachabo Gums, Altrafine Gums, Marinalg, FMC, Scalzo Food Industries, Cargil, Tic Gums, Gum Technology, BLG Shanghai & Zhejiang Plants
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Carrageenan Gum Market Report Segments:
The global Carrageenan Gum market is segmented on the basis of:
Types
Iota, Kappa, Lambda
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Dairy, Meat & Poultry, Water Gels, PES (Processed Eucheuma Seaweed), Food Grades, Toothpaste, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BLG Shanghai & Zhejiang Plants
- Kachabo Gums
- Altrafine Gums
- Marinalg
- FMC
- Scalzo Food Industries
- Cargil
- Tic Gums
- Gum Technology
- BLG Shanghai & Zhejiang Plants
Highlights of The Carrageenan Gum Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Iota
- Kappa
- Lambda
- By Application:
- Dairy
- Meat & Poultry
- Water Gels
- PES (Processed Eucheuma Seaweed)
- Food Grades
- Toothpaste
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Carrageenan Gum Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Carrageenan gum is a thickener that is derived from seaweed. It helps to thicken liquids and make them more viscous.
Some of the major companies in the carrageenan gum market are BLG Shanghai & Zhejiang Plants, Kachabo Gums, Altrafine Gums, Marinalg, FMC, Scalzo Food Industries, Cargil, Tic Gums, Gum Technology, BLG Shanghai & Zhejiang Plants.
The carrageenan gum market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Carrageenan Gum Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Carrageenan Gum Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Carrageenan Gum Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Carrageenan Gum Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Carrageenan Gum Market Size & Forecast, 2020-2028
4.5.1 Carrageenan Gum Market Size and Y-o-Y Growth
4.5.2 Carrageenan Gum Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Iota
5.2.2 Kappa
5.2.3 Lambda
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Dairy
6.2.2 Meat & Poultry
6.2.3 Water Gels
6.2.4 PES (Processed Eucheuma Seaweed)
6.2.5 Food Grades
6.2.6 Toothpaste
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Carrageenan Gum Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Carrageenan Gum Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Iota
9.6.2 Kappa
9.6.3 Lambda
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Dairy
9.10.2 Meat & Poultry
9.10.3 Water Gels
9.10.4 PES (Processed Eucheuma Seaweed)
9.10.5 Food Grades
9.10.6 Toothpaste
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Iota
10.6.2 Kappa
10.6.3 Lambda
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Dairy
10.10.2 Meat & Poultry
10.10.3 Water Gels
10.10.4 PES (Processed Eucheuma Seaweed)
10.10.5 Food Grades
10.10.6 Toothpaste
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Iota
11.6.2 Kappa
11.6.3 Lambda
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Dairy
11.10.2 Meat & Poultry
11.10.3 Water Gels
11.10.4 PES (Processed Eucheuma Seaweed)
11.10.5 Food Grades
11.10.6 Toothpaste
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Iota
12.6.2 Kappa
12.6.3 Lambda
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Dairy
12.10.2 Meat & Poultry
12.10.3 Water Gels
12.10.4 PES (Processed Eucheuma Seaweed)
12.10.5 Food Grades
12.10.6 Toothpaste
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Iota
13.6.2 Kappa
13.6.3 Lambda
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Dairy
13.10.2 Meat & Poultry
13.10.3 Water Gels
13.10.4 PES (Processed Eucheuma Seaweed)
13.10.5 Food Grades
13.10.6 Toothpaste
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Carrageenan Gum Market: Competitive Dashboard
14.2 Global Carrageenan Gum Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BLG Shanghai & Zhejiang Plants
14.3.2 Kachabo Gums
14.3.3 Altrafine Gums
14.3.4 Marinalg
14.3.5 FMC
14.3.6 Scalzo Food Industries
14.3.7 Cargil
14.3.8 Tic Gums
14.3.9 Gum Technology
14.3.10 BLG Shanghai & Zhejiang Plants
