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Carrageenan Market Analysis

  • Report ID: GMI5595
  • Published Date: May 2023
  • Report Format: PDF

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.
 

 Global Carrageenan Market Revenue Share, By Function

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

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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Carrageenan market size was worth USD 850 million in 2022 and will expand at 6% CAGR from 2023 to 2032, due to the rising importance of natural and organic products worldwide.

Kappa carrageenan industry will witness more than 6.5% CAGR during 2023 to 2032, owing to its increasing utilization as a gelling agent and stabilizer in the food sector.

Europe market size will grow at 6.5% CAGR between 2023 and 2032, attributed to the surging consumption of processed meat.

DuPont, Ingredion Incorporated, Cargill, Inc., Ceamsa, Gelymar, Caldic B.V., W Hydrocolloids, Inc., Ashland, CP Kelco U.S., Inc., and ACCEL Carrageenan Corporation are some of the prominent market players

Carrageenan Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 291
  • Countries covered: 19
  • Pages: 400
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