The global Carrageenan Market is forecast to reach USD 1.46 Billion by 2027, according to a new report by Reports and Data. It is an additive that is used to emulsify, thicken, and preserve foods and beverages. It’s a natural ingredient that is derived from red seaweed, also called the Irish moss. This ingredient is commonly used in meat products, nut milks, and yogurt. The major demand of the carrageenan is from the food industry. The highest application of the market is especially from the dairy products. The ingredients are used in the food, pharmaceuticals, and cosmetic industry, among others.
Carrageenan is among the most common food additive with no nutritional value. It is expected to trigger inflammation and gastrointestinal ulcerations, and it damages the human digestive system. It is linked to ulcerations and cancers of the gastrointestinal tract. Under graded carrageenan is widely used with malignancies and stomach problems. Moreover, acid digestion, bacterial action, heating, and mechanical processing can all accelerate degradation of food-grade carrageenan. Fluctuations in the prices of raw materials affect the prices of market products, and it restricts its growth. Fulfilment of stringent regulations regarding the application of carrageenan in some countries is a major challenge for the manufacturer.
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Competitive Landscape:
The research report offers details about leading companies in the global Carrageenan market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.
Some of the Leading Market Players Are Listed Below:
- AEP Colloids,
- Gelymar SA,
- Danisco A/S,
- Shemberg Marketing Corporation,
- Marcel Trading Corporation,
- MCPI Corporation,
- ACCEL Carrageenan Corporation,
- Ina Food Industry Co. Ltd.,
- PT Fortuna Cahaya Cemerlang,
- Danlink Ingredients (Pty) Ltd
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Carrageenan Market Segmentation based on Types:
- Kappa
- Iota
- Lambda
Carrageenan Market Segmentation based on Grade Outlook
- Refined Carrageenan
- Semi-Refined Carrageenan
Carrageenan Market Segmentation based on Source Outlook
- Stabilizer
- Thickener
- Gelling Agent
- Others
Carrageenan Market Segmentation based on Application:
- Food Industry
- Pharmaceuticals
- Others
Carrageenan Market Segmentation based on Regions:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of Latin America)
- Middle East Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East Africa)
Key Features of the global Carrageenan Market:
- The report offers detailed estimations at the regional level with manufacturers, consumption, sales and import/export dynamics.
- The report provides accurate details related of the manufacturers/vendors in the market, company overview, pricing analysis, financial standing, product portfolio, and gross profit of leading companies.
- Company profiling with prevalent expansion strategies, revenue generation, and recent developments.
- Optimum strategic initiatives for new players in the market.
- Manufacturing processes, suppliers, cost, rates of production and consumption, transport mode and cost structuring, and value chain analysis.
- The study also includes supply chain trends, including elaborate descriptions of the latest technological development
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