Carrageenan Market Analysis

Carrageenan Market Analysis

The kappa carrageenan market size will grow at 6.5% CAGR through 2032, due to its increasing utilization as a gelling agent and stabilizer in the food sector, specifically in dairy and meat products. Kappa carrageenan is primarily a type of carrageenan sourced from red seaweed. In addition to thickening and water-binding, it is used for improving the texture as well as microstructure of gels in food products. Increasing adoption in the gelling of dairy-based liquids will further drive the market preference.
 

The thickener carrageenan market size will reach USD 625 million by 2032. Considering its ability of forming gels and viscous solutions, carrageenan is extensively utilized as a thickener across the food industry. It is also largely favored to offer different levels of texture and viscosity to food products on the basis on the type of carrageenan. The growing intake of processed foods and the subsequently rising importance of thickening agents will add to the industry expansion.
 

Europe carrageenan market size is poised to record more than 6.5% CAGR from 2023-2032 on account of the escalating preference for clean-label and plant-based ingredients. The growth can also be attributed to the growing intake of processed meats in the region. Carrageenan has grown widely popular as a thickener, stabilizer, and emulsifier in dairy products. The rising demand for plant-based milk alternatives will also favour the regional market development.