Carrageenan Market
English Public
Market Snapshot.
The market size and share of carrageenan is estimated to reach USD 1.5 billion by 2035 from a market value of USD 872 million in 2022, growing at a CAGR of 4% during the forecast period 2023-2035. You are here.
Market overview.
Carrageenan is an extract from red and purple seaweed, consisting of a mixture of polysaccharides. This edible seaweed is native to the British Isles and has been used in traditional cooking for hundreds of years. It is also widely used in the food industry, mainly as a thickener and gelling agent. Our research on the use of carrageenan in the food industry Carrageenan is used as an additive for thickening, emulsifying and preserving foods and beverages. It is used as a food thickener and emulsifier. Carrageenan is a polysaccharide used in desserts, ice cream, sauces, beer, pate, processed meat and soy milk Global food income in 2022 was valued at approximately USD 257.3 billion.
Key market trends.
CP Kelco, a leading global manufacturer of specialty hydrocolloidal ingredients, today announced that it has completed the sale of its carrageenan plant in Sibonga, Cebu, Philippines, to Marcel Trading Corporation, a Philippine carrageenan manufacturer.
To meet consumer demand for eco-friendly personal care products, combining sustainable sourcing with performance and versatility, Cargill will launch an eco-friendly kappa-carrageenan texturiser for gelling and solid formulations. Cargill expands its carrageenan portfolio with the addition of Satiagel VPC614 branded κ-carrageenan.
Growth factors.
Carrageenan is plant-based and therefore suitable for vegetarians and vegans. Manufacturers also use it as a substitute for gelatins made from animal parts. Global vegan food sales are valued at USD 27 billion in 2022 and are projected to reach approximately USD 63 billion by 2035, with a CAGR of 13% over this period.
Increasing demand for carrageenan in treatment Carrageenan is used for cough, bronchitis, tuberculosis and intestinal problems. In France, an improved form is used with the addition of acid and high temperature. This form is used to treat peptic ulcers and as a mass laxative. Some people apply carrageenan directly to the skin for discomfort in the anal area. In addition, carrageenan is being considered as a treatment against COVID-19 due to its antiviral properties. The global healthcare sector is expected to grow by 12% (2023-2035) and the market size is estimated to be around USD 124 billion in 2035.
Increasing use of carrageenan in personal care products This product is mainly used as a viscosity modifier in personal care products and water-based cosmetics due to its water-binding capacity. It acts as a thickener, stabiliser and suspending agent in sunscreens, lotions and body washes. Global personal care product sales are valued at approximately USD 494 billion in 2022 and are expected to reach approximately USD 865 billion by 2035 at a CAGR of 8%.
Topic.
Safety regulations for carrageenan - use of carrageenan in infant formula (organic or not) is banned in the EU for precautionary reasons, but its use in other foods is permitted In 2018, the European Food Safety Authority (EFSA) has established the safety of carrageenan in food at a daily based on an ADI of 75 mg/kg body weight per day. Carrageenan has also been linked to IBD, IBS, rheumatoid arthritis and colorectal cancer. Availability of alternatives is another major market challenge.
Carrageenan market segments
Based on type, the kappa segment is projected to account for the largest market share by the end of 2021. The growth of this segment is attributed to the widespread use of κ-carrageenan in the food and beverage industry. This type of additive is mainly derived from the red alga Kappaphycus alvarezii and is known to form hard and brittle gels. Due to these properties, the additive is used in large quantities in dairy products. Furthermore, this type of carrageenan is known to be synergistically compatible with other gum products, thus improving their gelling properties when combined with other gum products. Global food and beverage sales will grow at a CAGR of 7.3% from approximately USD 6,730 billion in 2022 to approximately USD 9,821 billion in 2035.
Competitive landscape
Major players and manufacturers in the carrageenan market include DuPont, Ingredion Incorporated, Ashland, CP Kelco US, Inc, Cargill, Inc, Seamsa, W Hydrocolloids, Inc, Gerimar, Cardik BV, Ina Foods Industries, PT. There are. The study includes detailed competitive analysis, company profiles, recent trends and key market strategies of these key players in the global carrageenan market.
For more information on the market research report, visit: https://www.sdki.jp/reports/carrageenan-market/111594
The market size and share of carrageenan is estimated to reach USD 1.5 billion by 2035 from a market value of USD 872 million in 2022, growing at a CAGR of 4% during the forecast period 2023-2035. You are here.
Market overview.
Carrageenan is an extract from red and purple seaweed, consisting of a mixture of polysaccharides. This edible seaweed is native to the British Isles and has been used in traditional cooking for hundreds of years. It is also widely used in the food industry, mainly as a thickener and gelling agent. Our research on the use of carrageenan in the food industry Carrageenan is used as an additive for thickening, emulsifying and preserving foods and beverages. It is used as a food thickener and emulsifier. Carrageenan is a polysaccharide used in desserts, ice cream, sauces, beer, pate, processed meat and soy milk Global food income in 2022 was valued at approximately USD 257.3 billion.
Key market trends.
CP Kelco, a leading global manufacturer of specialty hydrocolloidal ingredients, today announced that it has completed the sale of its carrageenan plant in Sibonga, Cebu, Philippines, to Marcel Trading Corporation, a Philippine carrageenan manufacturer.
To meet consumer demand for eco-friendly personal care products, combining sustainable sourcing with performance and versatility, Cargill will launch an eco-friendly kappa-carrageenan texturiser for gelling and solid formulations. Cargill expands its carrageenan portfolio with the addition of Satiagel VPC614 branded κ-carrageenan.
Growth factors.
Carrageenan is plant-based and therefore suitable for vegetarians and vegans. Manufacturers also use it as a substitute for gelatins made from animal parts. Global vegan food sales are valued at USD 27 billion in 2022 and are projected to reach approximately USD 63 billion by 2035, with a CAGR of 13% over this period.
Increasing demand for carrageenan in treatment Carrageenan is used for cough, bronchitis, tuberculosis and intestinal problems. In France, an improved form is used with the addition of acid and high temperature. This form is used to treat peptic ulcers and as a mass laxative. Some people apply carrageenan directly to the skin for discomfort in the anal area. In addition, carrageenan is being considered as a treatment against COVID-19 due to its antiviral properties. The global healthcare sector is expected to grow by 12% (2023-2035) and the market size is estimated to be around USD 124 billion in 2035.
Increasing use of carrageenan in personal care products This product is mainly used as a viscosity modifier in personal care products and water-based cosmetics due to its water-binding capacity. It acts as a thickener, stabiliser and suspending agent in sunscreens, lotions and body washes. Global personal care product sales are valued at approximately USD 494 billion in 2022 and are expected to reach approximately USD 865 billion by 2035 at a CAGR of 8%.
Topic.
Safety regulations for carrageenan - use of carrageenan in infant formula (organic or not) is banned in the EU for precautionary reasons, but its use in other foods is permitted In 2018, the European Food Safety Authority (EFSA) has established the safety of carrageenan in food at a daily based on an ADI of 75 mg/kg body weight per day. Carrageenan has also been linked to IBD, IBS, rheumatoid arthritis and colorectal cancer. Availability of alternatives is another major market challenge.
Carrageenan market segments
Based on type, the kappa segment is projected to account for the largest market share by the end of 2021. The growth of this segment is attributed to the widespread use of κ-carrageenan in the food and beverage industry. This type of additive is mainly derived from the red alga Kappaphycus alvarezii and is known to form hard and brittle gels. Due to these properties, the additive is used in large quantities in dairy products. Furthermore, this type of carrageenan is known to be synergistically compatible with other gum products, thus improving their gelling properties when combined with other gum products. Global food and beverage sales will grow at a CAGR of 7.3% from approximately USD 6,730 billion in 2022 to approximately USD 9,821 billion in 2035.
Competitive landscape
Major players and manufacturers in the carrageenan market include DuPont, Ingredion Incorporated, Ashland, CP Kelco US, Inc, Cargill, Inc, Seamsa, W Hydrocolloids, Inc, Gerimar, Cardik BV, Ina Foods Industries, PT. There are. The study includes detailed competitive analysis, company profiles, recent trends and key market strategies of these key players in the global carrageenan market.
For more information on the market research report, visit: https://www.sdki.jp/reports/carrageenan-market/111594
by akiariku
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