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Carrageenan Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global carrageenan market is expected to exhibit a CAGR of 6.66% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Carrageenan is an anionic polysaccharide extracted from different species of red and purple seaweeds, such as Chondrus, Gigartina, Eucheuma, Fur cellaria, and Phyllophora. It is widely used to stabilize and gelatinize proteins in yogurt, ice cream, cottage cheese, milk pudding, and whipped toppings. It is also utilized in meat products like cooked hams and sausages due to its ability to bind water and control the texture and structural integrity. Moreover, as it is non-toxic, biodegradable, and biocompatible, carrageenan is employed in the cosmetics industry to attain the required texture and consistency of products.

The growing preferences for processed food products represent one of the largest factors escalating the demand for carrageenan across the globe. It is widely employed for emulsifying non-dairy desserts and preventing spoilage of other bakery and confectionery items. It is also used as a stabilizing agent in the manufacturing of beverages targeted at consumers with dietary restrictions. Moreover, due to its functional ability and antiaging, antioxidant, and anticarcinogenic properties, carrageenan finds application in the production of skin lotions, toothpaste binders, and shaving foams. Apart from this, it is employed in the pharmaceutical industry for developing medicines and microbiocidal compounds for wound dressings. Other innovative applications, such as a gelling agent in air fresheners, are creating lucrative opportunities for the market growth. Besides this, several multinational companies (MNCs) are entering into strategic partnerships with small-sized enterprises to introduce innovative products and expand their market reach. This, in turn, is anticipated to propel the market growth further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global carrageenan market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, function and application.

Breakup by Product:

  • Kappa
  • Iota
  • Lambda
     

Breakup by Function:

  • Thickener
  • Gelling Agent
  • Stabilizer
  • Others
     

Breakup by Application:

  • Food and Beverage
  • Pharmaceutical
  • Personal Care and Cosmetics
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ACCEL Carrageenan Corporation, Aquarev Industries, Ashland, Cargill Incorporated, Ceamsa, CP Kelco U.S. Inc. (J.M. Huber Corporation), DuPont de Nemours Inc., Ingredion Incorporated, LAUTA Ltd., Marcel Carrageenan, MCPI Corporation and TBK Manufacturing Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Product, Function, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ACCEL Carrageenan Corporation, Aquarev Industries, Ashland, Cargill Incorporated, Ceamsa, CP Kelco U.S. Inc. (J.M. Huber Corporation), DuPont de Nemours Inc., Ingredion Incorporated, LAUTA Ltd., Marcel Carrageenan, MCPI Corporation and TBK Manufacturing Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Carrageenan Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product
    6.1    Kappa
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Iota
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Lambda
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Function
    7.1    Thickener
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Gelling Agent
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Stabilizer
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market Breakup by Application
    8.1    Food and Beverage
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Pharmaceutical
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Personal Care and Cosmetics
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    ACCEL Carrageenan Corporation
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Aquarev Industries
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Ashland
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Cargill Incorporated
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 SWOT Analysis
        14.3.5    Ceamsa
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    CP Kelco U.S. Inc. (J.M. Huber Corporation)
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    DuPont de Nemours Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
        14.3.8    Ingredion Incorporated
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    LAUTA Ltd.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Marcel Carrageenan
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    MCPI Corporation
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    TBK Manufacturing Corporation
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Carrageenan Market: Major Drivers and Challenges
Figure 2: Global: Carrageenan Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Carrageenan Market: Breakup by Product (in %), 2021
Figure 5: Global: Carrageenan Market: Breakup by Function (in %), 2021
Figure 6: Global: Carrageenan Market: Breakup by Application (in %), 2021
Figure 7: Global: Carrageenan Market: Breakup by Region (in %), 2021
Figure 8: Global: Carrageenan (Kappa) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Carrageenan (Kappa) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Carrageenan (Iota) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Carrageenan (Iota) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Carrageenan (Lambda) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Carrageenan (Lambda) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Carrageenan (Thickener) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Carrageenan (Thickener) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Carrageenan (Gelling Agent) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Carrageenan (Gelling Agent) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Carrageenan (Stabilizer) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Carrageenan (Stabilizer) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Carrageenan (Other Functions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Carrageenan (Other Functions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Carrageenan (Food and Beverage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Carrageenan (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Carrageenan (Pharmaceutical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Carrageenan (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Carrageenan (Personal Care and Cosmetics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Carrageenan (Personal Care and Cosmetics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Carrageenan (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Carrageenan (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia-Pacific: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia-Pacific: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Carrageenan Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Carrageenan Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Carrageenan Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Global: Carrageenan Industry: SWOT Analysis
Figure 80: Global: Carrageenan Industry: Value Chain Analysis
Figure 81: Global: Carrageenan Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Carrageenan Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Carrageenan Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Carrageenan Market Forecast: Breakup by Function (in Million US$), 2022-2027
Table 4: Global: Carrageenan Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Carrageenan Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Carrageenan Market: Competitive Structure
Table 7: Global: Carrageenan Market: Key Players


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Key Questions Answered in This Report

We expect the global carrageenan market to exhibit a CAGR of 6.66% during 2022-2027.

The rising demand for carrageenan to stabilize and gelatinize proteins in yogurt, ice cream, cottage cheese, etc., and to emulsify non-dairy desserts as well as prevent spoilage of other bakery and confectionery items is primarily driving the global carrageenan market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of carrageenan.

Based on the product, the global carrageenan market can be categorized into kappa, iota, and lambda. Currently, kappa accounts for the majority of the global market share.

Based on the function, the global carrageenan market has been segregated into thickener, gelling agent, stabilizer, and others. Among these, thickener currently holds the largest market share.

Based on the application, the global carrageenan market can be bifurcated into food and beverage, pharmaceutical, personal care and cosmetics, and others. Currently, the food and beverage sector exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.

Some of the major players in the global carrageenan market include ACCEL Carrageenan Corporation, Aquarev Industries, Ashland, Cargill Incorporated, Ceamsa, CP Kelco U.S. Inc. (J.M. Huber Corporation), DuPont de Nemours Inc., Ingredion Incorporated, LAUTA Ltd., Marcel Carrageenan, MCPI Corporation, and TBK Manufacturing Corporation.

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