(Food-Beverage-News.Com, December 17, 2016 ) According to the report Carrageenan Market published by Market Data Forecast, the global market is projected to reach USD 962.58 Million by 2021, at a CAGR of 5.4% from 2016 to 2021.
Carrageenan is polysaccharide, consumed as a natural preservative in several food and pharmacological applications. Carrageenan is mostly found in the Atlantic oceans near to North America and Europe. There are numerous carrageenan’s, divergent in their chemical arrangement and properties, and consequently in their usages.
One of the key drivers of the food grade carrageenan market is the increasing demand of treated foods. With growing awareness about the constituents of processed foods, the demand for organic ingredients is also on escalation. Growing demand for hydrocolloids from several industries such as pharmaceutical, food & beverages, personal care & cosmetics is estimated to complement the market growth over the forecast period.
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