expected to drive the growth of the global carrageenan market. The need for non-animal sourced alternative for
gelatin is expected to generate demand for carrageenan for vegetarian and vegan food products industry during the
forecast period. As a natural ingredient, the demand for carrageenan is increasing from personal care industry and it
is expected to drive the growth of the market.
Alternatives such as gelatin, guar, pectin, and xanthan gum provide huge competition to the carrageenan and it is a
restraint for the global carrageenan market. Health concerns over gastrointestinal and inflammatory diseases related
to the use of carrageenan in certain food and beverages products is major a restraint for the carrageenan market.
Fluctuating prices of raw materials affects the pricing of carrageenan products and it hinders the growth of the global
carrageenan market. Meeting the stringent regulations regarding the use of carrageenan in some countries is a major
challenge for the major players in the global carrageenan market. The major players in the carrageenan market can
find opportunities in non-food based applications such as pharmaceuticals and personal care to expand, as natural
ingredients are favored by many people.
Segments Covered
The report covers the analysis of global as well as regional markets of carrageenan market. Moreover, the global
carrageenan market is segmented by application, by source, by type and by food grade. The global carrageenan
market by application covers alternative to dairy products, bakery & confectionary, beverages, dairy products, meat
and poultry products, personal care products, pharmaceuticals and some others. On the basis of source, the market is
segmented as chondrus, eucheuma, gigartina, iridaea and some others. Based on type, the market is segmented as
iota, kappa, and lambda. Based on food grade, the market is segmented as E407, E407a and some others.
Geographies covered
The global carrageenan market covers analysis of regions such as North America, Europe, Asia-Pacific and RoW
(including Latin America, Middle East and Africa). Among geographies, Asia-Pacific is the largest carrageenan market,
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