The IMARC Group provides extensive analysis of the carrageenan industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on carrageenan market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.
Informed covered in the report:
- Historical market data from 2016-2021
- CAGR of the market during the forecast period 2022-2027
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the Keyword market size and its contribution to the parent market
- Upcoming market trends and changes in consumer behavior
- A thorough analysis of the market’s competitive landscape and detailed information on key players
- Comprehensive details of factors that will challenge the growth of smart meters market key players
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The global carrageenan market is expected to exhibit a CAGR of 6.66% during 2022-2027. Carrageenan, an anionic polysaccharide, is extracted from the species of purple and red seaweeds, such as Gigartina, Chondrus, Fur cellaria, Eucheuma, and Phyllophora. It is non-toxic, biocompatible, and biodegradable and is used to stabilize and gelatinize proteins in ice cream, yogurt, cottage cheese, whipped toppings, and milk pudding. Carrageenan is also used to bind water and control the structural integrity and texture of the meat products, such as cooked sausages and hams. Additionally, it is employed in the cosmetics industry to attain the correct consistency and texture of products.
Carrageenan Market Trends:
The increasing use of carrageenan in bakery and confectionery items and the shifting consumer preference toward processed food products are key factors primarily driving the market growth. Carrageenan is extensively used across the cosmetic industry due to its anticarcinogenic, antioxidant, and antiaging properties, which is another factor contributing to the market growth. Apart from this, the growing product demand across the pharmaceutical industry and the strategic partnerships among the key players to introduce innovative products are factors creating a positive outlook for the market. Looking forward, IMARC Group expects the global carrageenan market to continue its robust growth during the forecast period (2022-2027).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- ACCEL Carrageenan Corporation
- Aquarev Industries
- Cargill Incorporated
- CP Kelco U.S. Inc. (J.M. Huber Corporation)
- DuPont de Nemours Inc.
- Ingredion Incorporated
- LAUTA Ltd.
- Marcel Carrageenan
- MCPI Corporation
- TBK Manufacturing Corporation.
Breakup by Product:
Breakup by Function:
- Gelling Agent
Breakup by Application:
- Food and Beverage
- Personal Care and Cosmetics
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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