Global Carrageenan Market to Reach US$ 1,572.4 Million by 2032, Stimulated by Significant Growth in Food and Beverage Industry

August 17, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “Carrageenan Market Report by Product (Kappa, Iota, Lambda), Function (Thickener, Gelling Agent, Stabilizer, and Others), Application (Food and Beverage, Pharmaceutical, Personal Care and Cosmetics, and Others), and Region 2024-2032,” the global carrageenan market size reached US$ 951.3 Million in 2023. Carrageenan is a naturally occurring food additive derived from red seaweed. It is utilized as a gelling, thickening, and stabilizing agent in various food and beverage products. The primary sources of Carrageenan are Chondrus crispus, Eucheuma, and Gigartina species, which are abundant in coastal regions around the world. The substance is extracted from the seaweed, processed, and converted into a fine powder or gel form for commercial use. Due to its unique properties, Carrageenan finds extensive applications in the food industry, where it enhances the texture and consistency of products such as dairy items, processed meats, desserts, and plant-based alternatives. Moreover, it is often employed in pharmaceutical and cosmetic products for its emulsifying and thickening capabilities. Carrageenan is preferred by many manufacturers as it is considered safe for consumption and approved by regulatory bodies.

Global Carrageenan Market Trends:

The widespread utilization of Carrageenan in the food and beverage industry as a thickening, stabilizing, and gelling agent is driving the global market. Carrageenan's unique properties make it an attractive alternative to synthetic additives, catering to the growing demand for natural and clean-label ingredients. Furthermore, the increasing popularity of processed and convenience foods has also fuelled the Carrageenan market. With consumers seeking convenience and extended shelf life, food manufacturers have turned to Carrageenan to improve texture, enhance mouthfeel, and prevent ingredient separation in various products, including dairy, meat, and processed foods. The global shift towards healthier lifestyles and dietary preferences has further boosted the Carrageenan market. As Carrageenan is plant-based and generally considered safe for consumption, it aligns well with the growing demand for plant-derived and vegetarian or vegan-friendly food products. Moreover, the growing awareness about food safety and preservation has augmented the demand for Carrageenan, as it helps maintain the quality and stability of processed foods while reducing the need for artificial preservatives. Looking forward, the market value is projected to reach US$ 1,572.4 Million by 2032, expanding at a CAGR of 5.61% during 2024-2032.

Market Summary:

  • Based on the product, the market has been segmented into kappa, iota, and lambda.
  • On the basis of the functions, the market has been divided into thickener, gelling agent, stabilizer, and others.
  • Based on the application, the market has been bifurcated into food and beverage, pharmaceutical, personal care and cosmetics, and others.
  • Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some 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 Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Carrageenan Market to Reach US$ 1,572.4 Million by 2032, Stimulated by Significant Growth in Food and Beverage Industry
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More