Market Overview:
The global food grade carrageenan market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for processed and packaged foods, rising awareness about the health benefits of carrageenan, and growing demand for natural food additives. Based on type, the global food grade carrageenan market is segmented into kappa carrageenan, lota carrageenan, and lambda carrageenan. Kappa Caragegenin dominates the market with a share of more than 60%. This can be attributed to its superior properties such as thickening power, emulsifying ability, and stability over a wide range of pH levels. Lota Caragegenin is projected to grow at highest CAGR during forecast period owing to its excellent gelling properties which make it suitable for use in dairy products and desserts. Lambda Caragegenin has limited applications in comparison with other types but finds extensive use in pharmaceuticals due to its anti-inflammatory properties.
Product Definition:
Carrageenan is a type of sulfated polysaccharide extracted from red seaweed. It is used as a thickener, stabilizer, and emulsifier in food products. Carrageenan has been found to be safe for human consumption at the levels currently allowed by the FDA.
Kappa Carrageenan:
Kappa carrageenan is a form of edible seaweed that can be processed into various food products. It has high levels of brine content and can hold up to four times its weight in water. This makes it highly hydrophilic which increases the binding capacity for other ingredients making it ideal for use as a gelling agent in foods such as bread, ice-creams, sauces and dressings among others.
Lota Carrageenan:
Lota carrageenan is a form of red algae carrageenan, which is widely used in food grade applications. It has been gaining importance on account of its superior gelling properties as compared to other forms such as iota and kappa. Lota carrageenan has a lower molecular weight and hence it can be dissolved easily in water or alcohol while retaining the original gel structure.
Application Insights:
The food application segment led the global market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. Food grade carrageenan is widely used as an emulsifier, foaming agent, and dispersant in various industries such as dairy, bakery & confectionery, frozen desserts & ice creams among others. The product also finds applications in processed foods where it acts as a thickener, stabilizer and gelling agent owing to its high water binding capacity.
Beverage application segment was valued over USD 200 million in 2017 owing to increasing demand for beverages such as smoothies bowls, juices among others that are made using fresh fruits along with nutritional supplements containing protein powder or eggs among other ingredients that require mixing or shaking up before use into drinks like smoothies bowls or juice cocktails respectively. Such trends are likely to drive growth over the coming years.
Regional Analysis:
Asia Pacific accounted for the largest share of more than 35.0% in 2017 and is anticipated to witness significant growth over the forecast period. The region comprises several emerging economies, such as China, India, Thailand and Indonesia that are majorly consumed by natural products owing to their high nutritional content coupled with low calorie level. Moreover, increasing demand for food grade carrageenan from these countries can be attributed to rapid industrialization along with rising health consciousness among consumers in this region.
Europe was another key consumer of food grade carrageenan and accounted for a share of more than 20.0% in 2017 owing to growing demand from bakery & confectionery industry on account of its ability to improve texture & stability properties while maintaining product shape.
Growth Factors:
- Increasing demand for natural and organic food products: The global market for natural and organic food is projected to grow at a CAGR of more than 14% from 2016 to 2021. This growth is driven by the increasing awareness among consumers about the health benefits of consuming natural and organic foods. Carrageenan is a naturally occurring polysaccharide that is extracted from red seaweed. It is widely used in the food industry as a thickening, stabilizing, and emulsifying agent. Thus, the growing demand for natural and organic foods will lead to an increase in demand for carrageenan-based products.
- Rising consumer preference for convenience foods: Convenience foods are those that can be prepared or served quickly with minimal effort or time required on the part of the consumer. They are generally high in calories, sodium, sugar, and fat content but low in nutritional value. The global market for convenience foods is projected to grow at a CAGR of more than 5% from 2016 to 2021 owing to changing lifestyles and busy schedules among consumers worldwide . Carrageenan-based convenience foods such as ready-to-eat meals, frozen meals/dishes/pizzas etc., will witness high growth during this period due its ability to improve texture, stability & mouthfeel while reducing cooking time & labor costs involved therein..
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Grade Carrageenan Market Research Report
By Type
Kappa Carrageenan, Lota Carrageenan, Lambda Carrageenan
By Application
Food, Beverage
By Companies
DuPont, Cargill, Kerry Group, CP Kelco, Ashland, Ingredion, TIC Gums, Tate and Lyle, DuPont
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
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Food Grade Carrageenan Market Report Segments:
The global Food Grade Carrageenan market is segmented on the basis of:
Types
Kappa Carrageenan, Lota Carrageenan, Lambda Carrageenan
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
Food, Beverage
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:
- DuPont
- Cargill
- Kerry Group
- CP Kelco
- Ashland
- Ingredion
- TIC Gums
- Tate and Lyle
- DuPont
Highlights of The Food Grade Carrageenan 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:
- Kappa Carrageenan
- Lota Carrageenan
- Lambda Carrageenan
- By Application:
- Food
- Beverage
- 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 Food Grade Carrageenan 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
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- Consumer Insights
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- Product & Brand Management
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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?
Food grade carrageenan is a type of seaweed extract that is used as a thickening agent and emulsifier in food products. It has been found to be safe for human consumption, and it does not contain any harmful chemicals.
Some of the major players in the food grade carrageenan market are DuPont, Cargill, Kerry Group, CP Kelco, Ashland, Ingredion, TIC Gums, Tate and Lyle, DuPont.
The food grade carrageenan market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Food Grade Carrageenan 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 Food Grade Carrageenan Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Food Grade Carrageenan 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 Food Grade Carrageenan 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 Food Grade Carrageenan Market Size & Forecast, 2018-2028
4.5.1 Food Grade Carrageenan Market Size and Y-o-Y Growth
4.5.2 Food Grade Carrageenan Market Absolute $ Opportunity
Chapter 5 Global Food Grade Carrageenan 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 Food Grade Carrageenan Market Size Forecast by Type
5.2.1 Kappa Carrageenan
5.2.2 Lota Carrageenan
5.2.3 Lambda Carrageenan
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Food Grade Carrageenan 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 Food Grade Carrageenan Market Size Forecast by Applications
6.2.1 Food
6.2.2 Beverage
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Food Grade Carrageenan 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 Food Grade Carrageenan 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 Food Grade Carrageenan Analysis and Forecast
9.1 Introduction
9.2 North America Food Grade Carrageenan 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 Food Grade Carrageenan Market Size Forecast by Type
9.6.1 Kappa Carrageenan
9.6.2 Lota Carrageenan
9.6.3 Lambda Carrageenan
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 Food Grade Carrageenan Market Size Forecast by Applications
9.10.1 Food
9.10.2 Beverage
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 Food Grade Carrageenan Analysis and Forecast
10.1 Introduction
10.2 Europe Food Grade Carrageenan 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 Food Grade Carrageenan Market Size Forecast by Type
10.6.1 Kappa Carrageenan
10.6.2 Lota Carrageenan
10.6.3 Lambda Carrageenan
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 Food Grade Carrageenan Market Size Forecast by Applications
10.10.1 Food
10.10.2 Beverage
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 Food Grade Carrageenan Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Food Grade Carrageenan 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 Food Grade Carrageenan Market Size Forecast by Type
11.6.1 Kappa Carrageenan
11.6.2 Lota Carrageenan
11.6.3 Lambda Carrageenan
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 Food Grade Carrageenan Market Size Forecast by Applications
11.10.1 Food
11.10.2 Beverage
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 Food Grade Carrageenan Analysis and Forecast
12.1 Introduction
12.2 Latin America Food Grade Carrageenan 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 Food Grade Carrageenan Market Size Forecast by Type
12.6.1 Kappa Carrageenan
12.6.2 Lota Carrageenan
12.6.3 Lambda Carrageenan
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 Food Grade Carrageenan Market Size Forecast by Applications
12.10.1 Food
12.10.2 Beverage
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) Food Grade Carrageenan Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Food Grade Carrageenan 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) Food Grade Carrageenan Market Size Forecast by Type
13.6.1 Kappa Carrageenan
13.6.2 Lota Carrageenan
13.6.3 Lambda Carrageenan
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) Food Grade Carrageenan Market Size Forecast by Applications
13.10.1 Food
13.10.2 Beverage
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 Food Grade Carrageenan Market: Competitive Dashboard
14.2 Global Food Grade Carrageenan Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DuPont
14.3.2 Cargill
14.3.3 Kerry Group
14.3.4 CP Kelco
14.3.5 Ashland
14.3.6 Ingredion
14.3.7 TIC Gums
14.3.8 Tate and Lyle
14.3.9 DuPont
