Carrageenan Market In 2022 : Increasing Demand In Food industry, Daily chemical industry, Pharmaceutical industry, Biochemistry Driving the growth of Industry

Carrageenan Market Insights 2022 : Carrageenan (also known carrageenin) is a family of linear sulphated polysaccharides that are extracted from red seaweeds such as eucheuma cottonii, eucheuma spinosum, etc., with an ability to form gel, stabilize, thicken, emulsify, film, which are applied as gelling, thickening, stabilizing, emulsifying or suspending agent in food, daily chemical and pharm industry.

Developed countries are the main consuming regions.The United States is the world’s largest consumer market in recent years. Its consumption volume holds the 34.38% of the global market. Followed by the Europe, mainly concentrated in south of the Mediterranean and the United Kingdom, whose sales account for 30.77% of the world. The export volume is huge for carrageenan industry. The total global exports account for about 60% of global output. Several major producing regions are the main exporters, mainly exported to the United States and Europe.

As the raw materials mainly rely on imports, the price of the US and Europe is relatively high. In contrast, the price of South America and Southeast Asia is lower. China’s raw materials now also mainly rely on import, so the ex-factory price is relatively high. While Chinese consumption is limited, the sale-price is not so high. China has a huge market potential of carrageenan.

The worldwide market for Carrageenan is expected to grow at a CAGR of roughly 9.2% over the next five years, will reach 2114 million USD in 2024, from 1362.2 million USD in 2019, according to a New Research study.

This report focuses on the Carrageenan in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Leading Key Players In the global Carrageenan market 2022:

FMC

  • Shemberg
  • CEAMSA
  • Danisco
  • Gelymar
  • Karagen Indonesia
  • CP Kelco
  • ISI
  • Cargill
  • TBK
  • Accel
  • CC
  • MCPI
  • TIC Gums
  • Brilliant
  • Greenfresh
  • LONGRUN
  • Global Ocean
  • Gather Great Ocean
  • Xieli
  • FMC
  • Shemberg
  • CEAMSA
  • Danisco
  • Gelymar
  • Karagen Indonesia
  • CP Kelco
  • ISI
  • Cargill
  • TBK
  • Accel
  • CC
  • MCPI
  • TIC Gums
  • Brilliant
  • Greenfresh
  • LONGRUN
  • Global Ocean
  • Gather Great Ocean
  • Xieli

    Based on product, the Carrageenan market is segmented into Kappa-carrageenan, Iota-carrageenan, Lambda carrageenan, Others and other. The Carrageenan products segment dominated the Carrageenan market in 2022. Rising incidences and new product launches expected to drive the segment growth.

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