Market Data Forecast recently published a report on the “Global Carrageenan Market “which estimates the market to grow from USD 740 million from 2016 to USD 962.58 million by 2021 with a high CAGR of 5.4%. Carrageenan is a major ingredient in the food industry and is used for its gelling, thickening and stabilizing properties. It has wide applications in both dairy and meat products. It is extracted from red algae and has been used in foods for centuries. There are three types of Carrageenan based on the number of Sulphates per disaccharide namely Kappa Carrageenan, Iota Carrageenan and Lambda Carrageenan containing one, two and three sulphates respectively.
Carrageenan gets its name from ‘carragheen’, a village in Ireland, where seaweed grows along the coast. Carrageenan, which is used in food processing, is mostly grown in Philippines, Indonesia, and Vietnam and other nearby Asian countries. Kappa is the most used carrageenan in food, where it acts as a stabilizer, bodying agent and emulsifier in cheese, ice cream, chocolate and puddings. Iota is used for ready-to-eat meals, whereas, lambda is mostly used for whipped cream.
The factors responsible for the growth of Carrageenan Market are abundant and easy supply from developing countries, increasing demand of healthy food products, rising health issues and increasing interest of big companies. Also with multi-functionality of carrageenan and demand of organic food products, demand of this ingredient is bound to increase during forecast period.
The products are segmented based on type, application, grade, and seaweed source and are studied for a deep-level understanding of the global Carrageenan Market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
4)Based on Seaweed Source : • Gigartina • Chondrus • Iridaea • Eucheuma . . Based on geography, the report contains a wide array of countries covering all around the globe. Countries like USA, Canada, U.K., Spain, Germany, Italy, India, China, South Africa, Israel and Brazil are identified as the predominant markets for Carrageenan Market. For more of regional analysis, check out the following reports.
Asia-Pacific Carrageenan Market Europe Carrageenan Market Middle-East and Africa Carrageenan Market North America Carrageenan Market Latin America Carrageenan Market.
Scope of the Global Carrageenan Market: • Global, Regional and country-level analysis that provides an innate perspective of USA and Canada Market to that of the Global region • To detect major focus areas of industrial growth Segment-level analysis on basis of product on type, application, grade and seaweed source along with market size forecasts and y-o-y estimations are provided • Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics • PESTLE and Porter’s Five Forces Analyses that examine the macro & micro environmental factors such as political influence, technological prowess, industry rivalry to name a few. • An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment • mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape • Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
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