(Food-Beverage-News.Com, June 17, 2017 ) Asia-Pacific Carrageenan Market research report, published by Market Data Forecast delineates that the market is growing with a CAGR of 6.28 % to reach USD 331.13 million by 2021, from USD 244.2 million in 2016, which amounts to a cumulative growth of USD 86.93 million.
Carrageenan is made up of shares of several seaweeds or red algae and is exercised for medicine. In production, Carrageenan is used as a condensing agent, binder and as an additive in toothpaste and medicine foods. Carrageenan is a component in weight loss products.
Though world source of carrageenan is maximum from developing countries, It colloid producing industry is confined in well developed countries. Prospective manufacturers from developing countries desiring to enter the market will face very tough competition from the recognized producers.
The report also presents detailed analysis of multitude of factors affecting the Carrageenan Market bearing either positive or negative outcomes. Some of those factors are • increasing prices of carrageenan • substitution with less costly ingredients is possible.
For granular level understanding the Carrageenan Market is segmented based on type and application, each being provided with Market Size Estimations and Y-o-Y Forecasts. Based on Type (Lota, Kappa and Lambda), based on Application (Food Industry (Beverages, Meat, Dairy and Pet Food), Cosmetics Industry and Pharmaceutical Industry), based on Grade (Refined Carrageenan and Semi Refined Carrageenan), based on Seaweed Source (Iridaea, Chondrus, Gigartina and Eucheuma)
With India and China being the major economies which have unexplored customer base covered in the study the report also focuses on other regions like Japan, Australia, South Korea and Rest of Asia-Pacific.
Some of the key players that operate in the Asia-Pacific Carrageenan Market include AEP Colloids, Ingredients Solutions Inc., Shemberg Marketing Corporation, Gelymar SA, Soriano SA, Marcel Trading Corporation, Scalzo Food Industries, , Danisco A/S, Altrafine Gums, TIC Gums Incorporation, Cargill (U.S.), Kerry Group (Ireland), TIC Gums (U.S.), Gum Technology Corporation, DuPont (U.S.), CP Kelco (U.S.), Ingredion (U.S.), Ashland Inc (U.S.)and Tate & Lyle (U.K.).
The Asia- Pacific Carrageenan Market report offers wide-range of scope:
• Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries • Know more about key areas of industry growth via detailed Segment-level analysis on basis of type, application, industry, grade, seaweed source along with market size forecasts and y-o-y estimations • Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics • Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics • Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies • Market Outlook - Investment opportunitiesdevised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
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