Carrageenan Gum Market, By Type, By Application, By Geography

PUBLISHED: February 7, 2025

PAGES: 120 Pages

DELIVERY TIME: 2-3 business days

ADD TO COMPARE

SELECT AN OPTION

Description

Global Carrageenan Gum Market is estimated to be valued at USD 982.5 Mn in 2025 and is expected to reach USD 1,337.9 Mn by 2032, growing at a compound annual growth rate (CAGR) of 4.5% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 982.5 Mn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	4.50%	2032 Value Projection:	USD 1,337.9 Mn

Figure. Carrageenan Gum Market Share (%), By Region 2025

Carrageenan gum is a type of hydrocolloid polysaccharide extracted from red edible seaweeds. It is widely used as a thickening, emulsifying, and stabilizing agent in various kinds of foods, personal care, and pharmaceutical products. Carrageenan gum's properties include forming viscous solutions and gels, binding water and fat molecules together, and imparting a creamy texture. The global market for carrageenan gum has been growing steadily over the years due to its versatile functionality and varied applications across industries. Food manufacturers extensively use it in dairy, meat, gluten-free and other products to improve texture, shelf-life and cooking yield. With changing consumer preferences for healthy and natural ingredients, carrageenan gum demand is likely to rise further in the coming years.

Market Dynamics

The carrageenan gum market growth is driven by factors such as growing demand for processed food worldwide owing to increasing fast-paced lifestyles, urbanization and health consciousness among people. It is a popular stabilizer commonly used by food processors as it produces food structures mimicking fat without adding calories. Regulations permitting its use in reducing overall fat content in foods is also fueling its uptake. However, side effects reported from consumption of high levels of certain types of carrageenan act as a restraint. New product development using advanced carrageenan extracts with added functionality presents an opportunity for market expansion. Players differentiating based on organic and non-GMO certification can gain more customers in developed regions. However, regulations restricting carrageenan content in infant formulas due to digestibility concerns act as a restraint. Alternatives such as guar gum, xanthan gum and pectin also limit the market growth. Opportunities lie in developing innovative product forms and application areas for carrageenan like pet foods, pharmaceuticals and cosmetics.

Key Features of the Study

This report provides in-depth analysis of the global carrageenan gum market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global carrageenan gum market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include CP Kelco U.S., Marcel Trading Corporation, FMC Corporation, E. I. du Pont de Nemours and Co., Gelymar S.A, Kerry Group, Cargill Incorporated, Altrafine Gums, W Hydrocolloids Inc., CEAMSA, LEM Products, and Ingredients Solutions

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global carrageenan gum market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global carrageenan gum market

Market Segmentation

By Type Insights (Revenue, USD, 2019 - 2032)
- Kappa Carrageenan
- Iota Carrageenan
- Lambda Carrageena
By Application Insights (Revenue, USD, 2019 - 2032)
- Food & Beverages
- Personal Care & Toiletries
- Pharmaceuticals
- Others (Feed & Pet Food, etc.)
Regional Insights (Revenue, USD, 2019 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- CP Kelco U.S.
- Marcel Trading Corporation
- FMC Corporation
- E.I. du Pont de Nemours and Co.
- Gelymar S.A
- Kerry Group
- Cargill Incorporated
- Altrafine Gums
- W Hydrocolloids Inc.
- CEAMSA
- LEM Products
- Ingredients Solutions, Inc

Product Code: CMI3443

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Carrageenan Gum Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Carrageenan Gum Market - COVID-19
Impact Analysis

5. Global Carrageenan Gum Market, By Type, 2020-2032 (USD Mn)

Introduction
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Kappa Carrageenan
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Iota Carrageenan
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Lambda Carrageenan
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends

6. Global Carrageenan Gum Market, By Application, 2020-2032 (USD Mn)

Introduction
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Food & Beverages
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Personal Care & Toiletries
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Pharmaceuticals
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Others (Feed & Pet Food, etc.)
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends

7. Global Carrageenan Gum Market, By Region, 2020-2032 (USD Mn)

Introduction
- Market Share Analysis, By Region, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
North America
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
- Market Size and Forecast, By Type, 2020- 2032 (USD Mn)
- Market Size and Forecast, By Application, 2020- 2032 (USD Mn)
- Countries
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
- Market Size and Forecast, By Type, 2020- 2032 (USD Mn)
- Market Size and Forecast, By Application, 2020- 2032 (USD Mn)
- Countries
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
- Market Size and Forecast, By Type, 2020- 2032 (USD Mn)
- Market Size and Forecast, By Application, 2020- 2032 (USD Mn)
- Countries
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
- Market Size and Forecast, By Type, 2020- 2032 (USD Mn)
- Market Size and Forecast, By Application, 2020- 2032 (USD Mn)
- Countries
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
- Market Size and Forecast, By Type, 2020- 2032 (USD Mn)
- Market Size and Forecast, By Application, 2020- 2032 (USD Mn)
- Sub-regions/Countries
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
- Market Size and Forecast, By Type, 2020- 2032 (USD Mn)
- Market Size and Forecast, By Application, 2020- 2032 (USD Mn)
- Regions/Countries
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- CP Kelco U.S.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Marcel Trading Corporation
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- FMC Corporation
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- E.I. du Pont de Nemours and Co.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Gelymar S.A.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Ingredients Solutions Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Kerry Group
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Cargill Incorporated
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Altrafine Gums
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- W Hydrocolloids Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- CEAMSA
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- LEM Products
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates