PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1339918
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1339918
Carrageenan Gum Market Forecasts to 2030 - Global Analysis By Type (Lambda, Kappa and Lota), Application and By Geography
According to Stratistics MRC, the Global Carrageenan Gum Market is accounted for $936.0 million in 2023 and is expected to reach $1,542.9 million by 2030 growing at a CAGR of 7.4% during the forecast period. Carrageenan gum is an excellent emulsifier that imparts a creamy, velvety texture to skincare products due to its ability to bind water. Due to its emulsifying and viscous properties, carrageenan gum is a commonly used ingredient in shampoos, toothpaste, hair treatments, gels, and conditioners. This gum effectively prevents water-based and oil-based compounds from separating, helping the skin absorb moisture from skincare products.
According to the Coherent Market Insights analysis, in November 2016, The National Organic Standard Boards voted to remove carrageenan from the national list of allowed substances in organic food. According to FAO, the EU is the largest producer of carrageenan throughout the globe accumulating nearly 50% of the total production followed by the U.S. and Asia-Pacific.
Market Dynamics:
Driver:
Increasing demand from the cosmetics sector
In the manufacturing of skincare goods like body lotions, cream deodorants, and shaving creams, carrageenan gum is used. Additionally, because it has good regulating texture and fluidity properties, it is also utilised in the production of toothpaste and air freshener products. Additionally, it is utilised in a variety of food applications, including beverages, confections, and bakery goods. As a result, throughout the course of the projected period, increasing demand from the cosmetics industry is anticipated to drive market expansion.
Restraint:
Concerns about animal health
Carrageenan gum's stabilising and thickening properties make it a common ingredient in dog food and animal feed. Despite coming from a non-synthetic source as well, carrageenan gum has been linked to adverse health effects in animals, and customers have been blaming pet food manufacturers for this. This gum's chemical composition results in a systemic allergic response in animals that result in gastrointestinal inflammation, ulcers, intestinal lesions, or tumours. As a result, it may decline the market growth.
Opportunity:
Increased demand for convenience foods
Carrageenan has been heavily used as a gelling and stabilising agent in various food products as a result of the increased demand among customers for convenience foods such ready-to-drink and ready-to-eat goods. Jelly, pie filling, chocolate, and meat are all made with carrageenan as a fat alternative. This market performance has benefited from these qualities. Thus, this is the element driving the segment's growth.
Threat:
Availability of various substitute items
The market's expansion is anticipated to be constrained by the availability of a number of substitute products for carrageenan. Carrageenan is known to have a number of health consequences, including bloating, glucose intolerance, and inflammation. These effects are thought to limit the market's expansion. Recently, certain government organisations chose to take carrageenan off the list of approved substances. This might have an impact on how much carrageenan people consume, which is predicted to impede market expansion.
COVID-19 Impact:
The recent outbreak of coronavirus had an immense impact on the carrageenan market. Companies and their units are taking time to react to the new change and build growth and development strategies in response to the COVID-19 pandemic, which has pushed for new developments across numerous industries. The epidemic has created additional challenges, like as temporary and permanent lockdowns. Other constraints imposed as a result of inter-state and intra-state transactions further impede the online business delivery and logistic module.
The lambda services segment is expected to be the largest during the forecast period
The lambda services segment is expected to be the largest during the forecast period. Seaweed is the source of the natural gum known as lambda carrageenan. Due to its high viscosity, it is frequently employed in dairy products as a thickening agent. It has long been utilised in food and beverage goods, most notably as an emulsifier and thickening ingredient. Various foods and beverages, such as ice cream, yoghurt, milkshakes, soup, salad dressings, and sauces, contain lambda carrageenan gum.
The food & beverage segment is expected to have the highest CAGR during the forecast period
The food & beverage segment is expected to have the highest CAGR during the forecast period. The market is projected to grow as a result of the increased usage of gum in processed foods as an emulsifier, protein stabiliser, thickening, and particle suspension. Additionally, it is used in a wide range of food products, such as drinks, confections, and bakery goods. The market for this product is therefore anticipated to grow as a result of greater use of gum in a variety of processed meals.
Region with largest share:
North America is projected to hold the largest market share during the forecast period, owing to the increasing demand from the processed food sectors. For the creation of convenience foods, manufacturers are increasingly using carrageenan. Players in the carrageenan gum market will have potential for growth as the personal care sector grows in addition to the food industry. The market will expand as a result of the escalating demand from the pharmaceutical and personal care industries.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period, due to the abundant production of carrageenan in countries. The market has grown as a result of its widespread use in pharmaceuticals for the production of gel-based medications. The region is distinguished by an expanding population, rising per capita income, shifting lifestyles, and increased consumer awareness of health and hygiene. The market in the region is also being driven by the rising demand from the cosmetic and pharmaceutical industries.
Key players in the market:
Some of the key players in Carrageenan Gum market include: Ina Food Industry Co. Ltd., Aquarev Industries, Cargill, Incorporated, Ingredients Solutions, Inc., Kerry Group, Altrafine Gums, Ashland, FMC Corporation, E. I. du Pont de Nemours and Co., LEM Products, DuPont, Extractos Naturales Gelymar S. A., Tate & Lyle, Marcel Carrageenan Corporation, Prinova Group LLC, CP Kelco ApS, Ingredion Incorporated, W Hydrocolloids, Inc., TBK Manufacturing Corporation and Aquarev Industries.
Key Developments:
- In June 2022, Cargill Beauty launched Satiagel™ VPC 614 Kappa Carrageenan. After successfully introducing Lambda and Iota carrageenan, Cargill Beauty is now completing its carrageenan portfolio with the addition of Satiagel™ VPC614, a Kappa carrageenan, specifically suitable for high gelling applications and solid formulations.
- In November 2022, Ingredion and InnovoPro Join Partnership to Scale Chickpea Proteins for North America The partnership, which is effective immediately, will allow food and beverage manufacturers to meet growing consumer demand for plant-based products that deliver on sustainability, nutrition, taste, texture, and functionality.
Types Covered:
- Lambda
- Kappa
- Lota
Applications Covered:
- Personal Care and Toiletries
- Food & Beverages
- Feed & Pet Food
- Pharmaceuticals
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Carrageenan Gum Market, By Type
- 5.1 Introduction
- 5.2 Lambda
- 5.3 Kappa
- 5.4 Lota
6 Global Carrageenan Gum Market, By Application
- 6.1 Introduction
- 6.2 Personal Care and Toiletries
- 6.2.1 Cosmetics
- 6.2.2 Toothpaste
- 6.2.3 Air Fresheners
- 6.3 Food & Beverages
- 6.3.1 Meat Products
- 6.3.2 Beverages
- 6.3.3 Dairy Products
- 6.3.4 Salads & Dressings
- 6.3.5 Confectionery & Bakery
- 6.4 Feed & Pet Food
- 6.5 Pharmaceuticals
- 6.6 Other Applications
7 Global Carrageenan Gum Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Ina Food Industry Co. Ltd.
- 9.2 Aquarev Industries
- 9.3 Cargill, Incorporated
- 9.4 Ingredients Solutions, Inc.
- 9.5 Kerry Group
- 9.6 Altrafine Gums
- 9.7 Ashland
- 9.8 FMC Corporation
- 9.9 E. I. du Pont de Nemours and Co.
- 9.10 LEM Products
- 9.11 DuPont
- 9.12 Extractos Naturales Gelymar S. A.
- 9.13 Tate & Lyle
- 9.14 Marcel Carrageenan Corporation
- 9.15 Prinova Group LLC
- 9.16 CP Kelco ApS
- 9.17 Ingredion Incorporated
- 9.18 W Hydrocolloids, Inc.
- 9.19 TBK Manufacturing Corporation
- 9.20 Aquarev Industries
List of Tables
- Table 1 Global Carrageenan Gum Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Carrageenan Gum Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Carrageenan Gum Market Outlook, By Lambda (2021-2030) ($MN)
- Table 4 Global Carrageenan Gum Market Outlook, By Kappa (2021-2030) ($MN)
- Table 5 Global Carrageenan Gum Market Outlook, By Lota (2021-2030) ($MN)
- Table 6 Global Carrageenan Gum Market Outlook, By Application (2021-2030) ($MN)
- Table 7 Global Carrageenan Gum Market Outlook, By Personal Care and Toiletries (2021-2030) ($MN)
- Table 8 Global Carrageenan Gum Market Outlook, By Cosmetics (2021-2030) ($MN)
- Table 9 Global Carrageenan Gum Market Outlook, By Toothpaste (2021-2030) ($MN)
- Table 10 Global Carrageenan Gum Market Outlook, By Air Fresheners (2021-2030) ($MN)
- Table 11 Global Carrageenan Gum Market Outlook, By Food & Beverages (2021-2030) ($MN)
- Table 12 Global Carrageenan Gum Market Outlook, By Meat Products (2021-2030) ($MN)
- Table 13 Global Carrageenan Gum Market Outlook, By Beverages (2021-2030) ($MN)
- Table 14 Global Carrageenan Gum Market Outlook, By Dairy Products (2021-2030) ($MN)
- Table 15 Global Carrageenan Gum Market Outlook, By Salads & Dressings (2021-2030) ($MN)
- Table 16 Global Carrageenan Gum Market Outlook, By Confectionery & Bakery (2021-2030) ($MN)
- Table 17 Global Carrageenan Gum Market Outlook, By Feed & Pet Food (2021-2030) ($MN)
- Table 18 Global Carrageenan Gum Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 19 Global Carrageenan Gum Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 20 North America Carrageenan Gum Market Outlook, By Country (2021-2030) ($MN)
- Table 21 North America Carrageenan Gum Market Outlook, By Type (2021-2030) ($MN)
- Table 22 North America Carrageenan Gum Market Outlook, By Lambda (2021-2030) ($MN)
- Table 23 North America Carrageenan Gum Market Outlook, By Kappa (2021-2030) ($MN)
- Table 24 North America Carrageenan Gum Market Outlook, By Lota (2021-2030) ($MN)
- Table 25 North America Carrageenan Gum Market Outlook, By Application (2021-2030) ($MN)
- Table 26 North America Carrageenan Gum Market Outlook, By Personal Care and Toiletries (2021-2030) ($MN)
- Table 27 North America Carrageenan Gum Market Outlook, By Cosmetics (2021-2030) ($MN)
- Table 28 North America Carrageenan Gum Market Outlook, By Toothpaste (2021-2030) ($MN)
- Table 29 North America Carrageenan Gum Market Outlook, By Air Fresheners (2021-2030) ($MN)
- Table 30 North America Carrageenan Gum Market Outlook, By Food & Beverages (2021-2030) ($MN)
- Table 31 North America Carrageenan Gum Market Outlook, By Meat Products (2021-2030) ($MN)
- Table 32 North America Carrageenan Gum Market Outlook, By Beverages (2021-2030) ($MN)
- Table 33 North America Carrageenan Gum Market Outlook, By Dairy Products (2021-2030) ($MN)
- Table 34 North America Carrageenan Gum Market Outlook, By Salads & Dressings (2021-2030) ($MN)
- Table 35 North America Carrageenan Gum Market Outlook, By Confectionery & Bakery (2021-2030) ($MN)
- Table 36 North America Carrageenan Gum Market Outlook, By Feed & Pet Food (2021-2030) ($MN)
- Table 37 North America Carrageenan Gum Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 38 North America Carrageenan Gum Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 39 Europe Carrageenan Gum Market Outlook, By Country (2021-2030) ($MN)
- Table 40 Europe Carrageenan Gum Market Outlook, By Type (2021-2030) ($MN)
- Table 41 Europe Carrageenan Gum Market Outlook, By Lambda (2021-2030) ($MN)
- Table 42 Europe Carrageenan Gum Market Outlook, By Kappa (2021-2030) ($MN)
- Table 43 Europe Carrageenan Gum Market Outlook, By Lota (2021-2030) ($MN)
- Table 44 Europe Carrageenan Gum Market Outlook, By Application (2021-2030) ($MN)
- Table 45 Europe Carrageenan Gum Market Outlook, By Personal Care and Toiletries (2021-2030) ($MN)
- Table 46 Europe Carrageenan Gum Market Outlook, By Cosmetics (2021-2030) ($MN)
- Table 47 Europe Carrageenan Gum Market Outlook, By Toothpaste (2021-2030) ($MN)
- Table 48 Europe Carrageenan Gum Market Outlook, By Air Fresheners (2021-2030) ($MN)
- Table 49 Europe Carrageenan Gum Market Outlook, By Food & Beverages (2021-2030) ($MN)
- Table 50 Europe Carrageenan Gum Market Outlook, By Meat Products (2021-2030) ($MN)
- Table 51 Europe Carrageenan Gum Market Outlook, By Beverages (2021-2030) ($MN)
- Table 52 Europe Carrageenan Gum Market Outlook, By Dairy Products (2021-2030) ($MN)
- Table 53 Europe Carrageenan Gum Market Outlook, By Salads & Dressings (2021-2030) ($MN)
- Table 54 Europe Carrageenan Gum Market Outlook, By Confectionery & Bakery (2021-2030) ($MN)
- Table 55 Europe Carrageenan Gum Market Outlook, By Feed & Pet Food (2021-2030) ($MN)
- Table 56 Europe Carrageenan Gum Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 57 Europe Carrageenan Gum Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 58 Asia Pacific Carrageenan Gum Market Outlook, By Country (2021-2030) ($MN)
- Table 59 Asia Pacific Carrageenan Gum Market Outlook, By Type (2021-2030) ($MN)
- Table 60 Asia Pacific Carrageenan Gum Market Outlook, By Lambda (2021-2030) ($MN)
- Table 61 Asia Pacific Carrageenan Gum Market Outlook, By Kappa (2021-2030) ($MN)
- Table 62 Asia Pacific Carrageenan Gum Market Outlook, By Lota (2021-2030) ($MN)
- Table 63 Asia Pacific Carrageenan Gum Market Outlook, By Application (2021-2030) ($MN)
- Table 64 Asia Pacific Carrageenan Gum Market Outlook, By Personal Care and Toiletries (2021-2030) ($MN)
- Table 65 Asia Pacific Carrageenan Gum Market Outlook, By Cosmetics (2021-2030) ($MN)
- Table 66 Asia Pacific Carrageenan Gum Market Outlook, By Toothpaste (2021-2030) ($MN)
- Table 67 Asia Pacific Carrageenan Gum Market Outlook, By Air Fresheners (2021-2030) ($MN)
- Table 68 Asia Pacific Carrageenan Gum Market Outlook, By Food & Beverages (2021-2030) ($MN)
- Table 69 Asia Pacific Carrageenan Gum Market Outlook, By Meat Products (2021-2030) ($MN)
- Table 70 Asia Pacific Carrageenan Gum Market Outlook, By Beverages (2021-2030) ($MN)
- Table 71 Asia Pacific Carrageenan Gum Market Outlook, By Dairy Products (2021-2030) ($MN)
- Table 72 Asia Pacific Carrageenan Gum Market Outlook, By Salads & Dressings (2021-2030) ($MN)
- Table 73 Asia Pacific Carrageenan Gum Market Outlook, By Confectionery & Bakery (2021-2030) ($MN)
- Table 74 Asia Pacific Carrageenan Gum Market Outlook, By Feed & Pet Food (2021-2030) ($MN)
- Table 75 Asia Pacific Carrageenan Gum Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 76 Asia Pacific Carrageenan Gum Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 77 South America Carrageenan Gum Market Outlook, By Country (2021-2030) ($MN)
- Table 78 South America Carrageenan Gum Market Outlook, By Type (2021-2030) ($MN)
- Table 79 South America Carrageenan Gum Market Outlook, By Lambda (2021-2030) ($MN)
- Table 80 South America Carrageenan Gum Market Outlook, By Kappa (2021-2030) ($MN)
- Table 81 South America Carrageenan Gum Market Outlook, By Lota (2021-2030) ($MN)
- Table 82 South America Carrageenan Gum Market Outlook, By Application (2021-2030) ($MN)
- Table 83 South America Carrageenan Gum Market Outlook, By Personal Care and Toiletries (2021-2030) ($MN)
- Table 84 South America Carrageenan Gum Market Outlook, By Cosmetics (2021-2030) ($MN)
- Table 85 South America Carrageenan Gum Market Outlook, By Toothpaste (2021-2030) ($MN)
- Table 86 South America Carrageenan Gum Market Outlook, By Air Fresheners (2021-2030) ($MN)
- Table 87 South America Carrageenan Gum Market Outlook, By Food & Beverages (2021-2030) ($MN)
- Table 88 South America Carrageenan Gum Market Outlook, By Meat Products (2021-2030) ($MN)
- Table 89 South America Carrageenan Gum Market Outlook, By Beverages (2021-2030) ($MN)
- Table 90 South America Carrageenan Gum Market Outlook, By Dairy Products (2021-2030) ($MN)
- Table 91 South America Carrageenan Gum Market Outlook, By Salads & Dressings (2021-2030) ($MN)
- Table 92 South America Carrageenan Gum Market Outlook, By Confectionery & Bakery (2021-2030) ($MN)
- Table 93 South America Carrageenan Gum Market Outlook, By Feed & Pet Food (2021-2030) ($MN)
- Table 94 South America Carrageenan Gum Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 95 South America Carrageenan Gum Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 96 Middle East & Africa Carrageenan Gum Market Outlook, By Country (2021-2030) ($MN)
- Table 97 Middle East & Africa Carrageenan Gum Market Outlook, By Type (2021-2030) ($MN)
- Table 98 Middle East & Africa Carrageenan Gum Market Outlook, By Lambda (2021-2030) ($MN)
- Table 99 Middle East & Africa Carrageenan Gum Market Outlook, By Kappa (2021-2030) ($MN)
- Table 100 Middle East & Africa Carrageenan Gum Market Outlook, By Lota (2021-2030) ($MN)
- Table 101 Middle East & Africa Carrageenan Gum Market Outlook, By Application (2021-2030) ($MN)
- Table 102 Middle East & Africa Carrageenan Gum Market Outlook, By Personal Care and Toiletries (2021-2030) ($MN)
- Table 103 Middle East & Africa Carrageenan Gum Market Outlook, By Cosmetics (2021-2030) ($MN)
- Table 104 Middle East & Africa Carrageenan Gum Market Outlook, By Toothpaste (2021-2030) ($MN)
- Table 105 Middle East & Africa Carrageenan Gum Market Outlook, By Air Fresheners (2021-2030) ($MN)
- Table 106 Middle East & Africa Carrageenan Gum Market Outlook, By Food & Beverages (2021-2030) ($MN)
- Table 107 Middle East & Africa Carrageenan Gum Market Outlook, By Meat Products (2021-2030) ($MN)
- Table 108 Middle East & Africa Carrageenan Gum Market Outlook, By Beverages (2021-2030) ($MN)
- Table 109 Middle East & Africa Carrageenan Gum Market Outlook, By Dairy Products (2021-2030) ($MN)
- Table 110 Middle East & Africa Carrageenan Gum Market Outlook, By Salads & Dressings (2021-2030) ($MN)
- Table 111 Middle East & Africa Carrageenan Gum Market Outlook, By Confectionery & Bakery (2021-2030) ($MN)
- Table 112 Middle East & Africa Carrageenan Gum Market Outlook, By Feed & Pet Food (2021-2030) ($MN)
- Table 113 Middle East & Africa Carrageenan Gum Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 114 Middle East & Africa Carrageenan Gum Market Outlook, By Other Applications (2021-2030) ($MN)
