Carrageenan Gum Market Scope
Carrageenan Gum are widely used in the food industry, for their gelling, thickening, and emulsifying properties. Their main application is in dairy and meat products used as strong binding agents food proteins. Carrageenan gum have emerged as a promising candidate in tissue engineering and regenerative medicine applications as they resemble native glycosaminoglycans (GAGs). They have been mainly used for tissue engineering, wound coverage and drug delivery.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | AEP Colloids (United States), CP Kelco ApS (United States), Shemberg Biotech Corporation (Philippines), Ingredients Solutions Inc. (United States), Marcel Trading Corporation (Philippines), FMC BioPolymer (United States), Cargill Incorporated (United States), Danisco A/S (Denmark) and Gelymar SA (Chile) |
CAGR | 20.3% |
The global market for Carrageenan Gum is fragmented by key players owing to rise in demand for the food emulsifying, gelling agents for better food texture and taste betterment. The key players should focus upon clean label packaging for acquiring more vegan consumers for grabbing wider market share. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Carrageenan Gum market throughout the predicted period.
AEP Colloids (United States), CP Kelco ApS (United States), Shemberg Biotech Corporation (Philippines), Ingredients Solutions Inc. (United States), Marcel Trading Corporation (Philippines), FMC BioPolymer (United States), Cargill Incorporated (United States), Danisco A/S (Denmark) and Gelymar SA (Chile) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Rhodia (France), CEAMSA (Spain) and Soriano SA (Spain).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Carrageenan Gum market by Type , by Application (Food & Beverage, Pharmaceutical, Cosmetics and Others) and Region with country level break-up.
On the basis of geography, the market of Carrageenan Gum has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In 2021, Ingredion Incorporated, a world supplier of ingredient solutions to the food and drink trade, has acquired KaTech that provides advanced texture and stabilization solutions to the food trade.
In October 2021 Cargill is expanding its portfolio of carrageenans with the addition of kappa carrageenan, branded Satiagel VPC614, specifically suited for high gelling applications and solid formulations
Influencing Trend:
Rise in Inclination Towards Vegan Diet acts as A Bigger Opportunity for Carrageenan Gum Sourced from Seaweed
Market Growth Drivers:
Rise in Health Concerns Coupled with Rising Demand for Healthy Food Products and Growing Demand for Food Additives, Gelling and Emulsifying Agents
Challenges:
Availability of Substitutes in Market
Restraints:
Rising Concern Over Gastrointestinal and Inflammatory Disorders in Carrageenan Gum Consumers
Opportunities:
Rise in Demand Fast Food and Processed Food and Growth in Tissue Engineering, Healthcare and Regenerative Technology Research and Developement
Key Target Audience
Carrageenan Gum Manufacturer, Raw Material manufacturer, Food Research Firms, Food Regulatory Bodies and Others