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Global Carrageenan Powder Market Insight December 31, 2021 Comments

The Carrageenan Powder is forecast to crazy increase over the next four years. According to the World Knowledge Information (WKI) “Global Carrageenan Powder Professional Survey Report 2021, Forecast to 2026”, Consumers are increasingly turning to carrageenan as a substitute for gelatin because it is vegan.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 6.23% base on WKI regression analysis model.

 

Analysts’ Viewpoint:
“Manufacturers are paying more and more attention to launching a variety of carrageenan blends with excellent consistency in various beverages, which is expected to accelerate the market growth of carrageenan. It is recommended that companies be more innovative and produce better products.”said Jennie, Senior analyst, Chemical industry Market Research Center in WKI.

Market insight:
Carrageenan powder is derived from a vegetarian source, namely seaweed. Therefore, it is considered to be the best substitute for gelatin jelly in the food and beverage industry. In addition, the increasing demand for processed foods and dairy products is driving global demand for carrageenan.
However, consumers’ increasing attention to gastrointestinal and inflammatory diseases has severely hindered the carrageenan market. In addition, the availability of other alternatives is inhibiting market growth.
Competition Landscape:
In May 2015, Cargill, Incorporated launched a new series of carrageenan Satiagel ABN 500, which is extracted from seaweed as a thickening solution under its emulsifier and thickener product portfolio.The major players in the global carrageenan powder market include: Xieli, W Hydrocolloids, Gelymar, Gather Great Ocean, LONGRUN, CC, Accel, Brilliant,Karagen Indonesia, MCPI, Shemberg, Greenfresh, CP Kelco,TBK, Dow, Ceamsa, Lauta, Cargill.
Segmentation of Carrageenan Powder Market:
By type, the carrageenan market is mainly subdivided into: Kappa carrageenan, Iota carrageenan, and Lambda carrageenan.Among them, the kappa type has the largest market share because it is mainly used in the food and beverage industry as a binder and emulsifier in cheese, chocolate and ice cream. It also forms a gel with calcium salt. It is also known for its gelling ability.According to the application, the carrageenan powder market is mainly subdivided into: food industry, daily chemical industry, pharmaceutical industry, and biochemistry. The food industry occupies a larger market share, Because people are increasingly inclined to ingredient-based food formula products. However, consumers’ awareness of toxicity continues to increase, leading to increased use of natural additives. In addition, the rapid research and development of looking for new natural additives in the industry is conducive to the market growth of carrageenan powder.
Carrageenan Powder Market: Regional Analysis
In terms of geography, the global Carrageenan Powder market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.Asia Pacific is the main market for the global carrageenan powder market. The growing demand for fast food and processed foods in the Asia-Pacific region is expected to drive the demand for carrageenan in the region. In addition, the large consumption of dairy products in Europe has boosted the demand for carrageenan. The growth of the affluent middle class in China, India, Russia, Brazil and Indonesia is also expected to drive the Asia-Pacific market. Due to the country’s strong industrialization, China is the largest market in the Asia-Pacific region. This has led to significant growth in China’s food and beverage industry. Pet food is one of the main application areas driving the North American carrageenan market. Meat and processed foods are the largest application areas in the Middle East and Africa.

 

Cagr: 6.23%
Largest share area:Asia Pacific
Largest share country:China