Carrageenan Market Outlook and Overview by Market Data Forecast
Added: (Tue Jun 25 2019)
Pressbox (Press Release) -
Carrageenan Market size, share, Growth
Carrageenan Market Research Report, the market was worth USD 864.3 million in 2019 and estimated to be growing at a CAGR of 5.45%, to reach USD 1127.1 million by 2024.
Carrageenan Market Overview:
Carrageenan Market Research Report, the market was worth USD 864.3 million in 2019 and estimated to be growing at a CAGR of 5.45%, to reach USD 1127.1 million by 2024. Carrageenan is a vital salad ingredient and preservative in food, specialized care, pharmaceuticals, and other industrialized applications. Carrageenan is a main ingredient in the food industry and is used for its gelling, condensing, and stabilizing properties. It has various applications in both dairy and meat products. It is taken out from red algae and has been used in foods for several decades. Carrageenan is a controlled food additive, and there are worries over the extreme amount of Carrageenan that can be added to food.
Carrageenan Market Drivers and Restraints:
Carrageenan market has been observing substantial growth over the past few years because of growing demand from food & beverages sector, and the demand is predicted to continue over the forecast period. Rising health concerns, along with increasing demand for healthy food products, are one of the significant factors to propel the market over the next few years. Growing concern over gastrointestinal and inflammatory ailments among regulars has considerably hindered the carrageenan market.
To know more, click on the link below:
Report segmented as
By Seaweed Source:
• Food Industry
• Pharmaceutical Industry
• Refined Carrageenan
• Semi-Refined Carrageenan
Carrageenan Market Geographical Analysis:
Geographically the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa. Increasing demand for immediate and processed food in the Asia Pacific is anticipated to drive the demand for Carrageenan in this region. Momentous consumption of dairy products in Europe is boosting the demand for Carrageenan. European Union and Latin America are also huge manufacturers of Carrageenan, which is traded all over the world.
Important key Players of Carrageenan Market:
The major players in the food grade carrageenan industry are AEP Colloids, Shemberg Marketing Corporation, Ingredients Solutions Inc., Gelymar SA, Soriano SA, Marcel Trading Corporation, Danisco A/S, Scalzo Food Industries, Altrafine Gums, TIC Gums Incorporation, Gum Technology Corporation, DuPont (U.S.), Cargill (U.S.), Kerry Group (Ireland), CP Kelco (U.S.), Ashland Inc (U.S.), Ingredion (U.S.), TIC Gums (U.S.), Tate & Lyle (U.K.).
View a sample and decide @ https://www.marketdataforecast.com/market-reports/carrageenan-market#request_sample
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
Market Data Forecast is a firm working in the areas of market research, business intelligence, and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
For more information:
Sales Manager at Market Data Forecast