Market Research Future (Food and Beverages) Carrageenan Market Research Report | Page 3

Carrageenan Market Research Report - Forecast to 2023
2 Market Overview
Carrageenan is a common food additive that is extracted from red edible seaweeds. It has a specific set of rheological
properties that differentiate it from other hydrocolloids and is widely used as a natural ingredient used for thickening,
emulsifying, and preservative in foods and drinks. The three commercially most important carrageenan are kappa
carrageenan, lambda carrageenan, and iota carrageenan. Moreover, it has wide applications in both dairy and meat
products due to its textural functionality. Growing demand for carrageenan in food and beverage industry as natural
gelling, thickening and stabilizing agent is supporting the market growth. Additionally,rising health concerns along
with increasing demand for healthy processed food products is one of the major factor contributing to the growth of
the carrageenan market. Furthermore, use of carrageenan in the cosmetic industry because of its has uplifted its
demand at a global level owing to its physical & functional ability, and antioxidant activity. However, increasing
concern over gastrointestinal and inflammatory disorders related to use of carrageenan in various food and beverage
products among the consumers is likely to hinder the growth of carrageenan market.
Regional Analysis of Carrageenan Market:
The global carrageenan market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World
(ROW). Asia-Pacific market accounts for the major share followed by North America and Europe owing to increasing
demand for immediate and processed food. In Asia-Pacific, China holds a major market share in higher consumption
of carrageenan due to increasing application of carrageenan in confectioneries and frozen dairy products. China is
the main exporter of carrageenan across the globe.
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