The report on Carrageenan Market by application(bakery & confectionary, beverages, dairy products, meat and
poultry products, personal care products, pharmaceuticals),by source(chondrus, eucheuma, gigartina, iridaea),by type
(iota, kappa, and lambda) trends analysis and forecasts up to 2023 studies the market sizes, key trends and
opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest of the World. According to
the report the Global Carrageenan Market is projected to grow at a CAGR of between 5% and 6.5% in terms of value
over the period of 2017-2023. The growth in the world market is primarily driven by significant contribution by North
America (Leading region) region to this market.
Carrageenan is obtained by alcohol precipitation and semi-refining methods. Carrageenan has anionic and hydrophilic
properties. Carrageenan has medicinal properties and it is useful for the treatment of bronchitis, cough, intestinal
ailments, tuberculosis and some others. Carrageenan finds application as a binder, emulsifier, and thickening agent in
some food manufacturing processes and it is useful for stabilizing foods and tooth paste. Carrageenan has non-food
applications in cosmetics and pharmaceutical sectors. Carrageenan is useful in baked foods, batters, confections,
preserved meat, products, and processed cheeses, dairy and non-dairy products and as an alternative to gelatin.
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Market Insights
Karagen Indonesia, Cargill Inc, Danisco, Seatech Carrageenan Company and other major players in the market focus
heavily on research and development to bring innovative products for both food and non-food based applications.
They also focus on meeting stringent regulations and marketing the benefits of the carrageenan to remove the
misconceptions, about the products related to some health ailments. Carrageenan has significant share in the
hydrocolloids segment of food and beverage market. The increasing consumption of processed foods is a major factor
that drives the growth of the global carrageenan market. Due to its gelling, stabilizing and thickening properties, the
demand from bakery & confectionary, beverages, dairy and beverages industries are increasing significantly and it is
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