Carrageenan Gum Market Report

Carrageenan Gum Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2015 To 2022

Format: PDF  |  Report ID: GVR1603

Global carrageenan gum market has been witnessing significant growth over the past few years on account of increasing demand from food & beverages industry and the demand is expected to continue over the forecast period. Increasing health concerns coupled with rising demand for healthy food products one of the key factors to drive the market over the next seven years. Growing demand for food additives, gelling and emulsifying agents is anticipated to trigger the market growth over the next seven years. Increasing demand for hydrocolloids from various industries such as pharmaceutical, food & beverages, personal care & cosmetics is anticipated to complement the market growth over the forecast period. Demand for carrageenan gum is increasing from these end-use industries owing to its superior gelling and viscosity properties. However, availability of substitutes such as xanthan and cellulose gums is expected to hinder the market growth over the projected period.

Based on various chemical compositions, carrageenan gum can be segmented into iota, kappa and lambda. Iota and kappa are formed with calcium and potassium salts, which are extensively used as gelling agents in food & beverages industry. Rising demand for gelling agents in dairy desserts, caramel sauces, dips and other dairy and non dairy beverages is the key factor to boost iota and kappa products demand.

Major applications of carrageenan gum include dairy, meat & poultry, water gels, PES (processed eucheuma seaweed) food grades, toothpaste and others. Dairy product was the largest application segment for carrageenan gum in 2013 owing to its high reactivity towards milk nutrients. It has wide range of applications in chocolate milk, ice creams, chocolate mixes and many others. PES food grades are the second major market followed by water gels and meat & poultry. Carrageenan gums finds major application in pre-cooked meat and poultry products such as chicken and turkey pieces. Rising consumer demand towards pre-cooked poultry products is the key factor to drive the market. Other applications include pet food, air freshener gels, toothpaste and immobilized biocatalysts, which are anticipated to witness considerable growth.

Food & beverage industry emerged as the leading end-use industry over the past few years and it is anticipated to remain as the major end-use segment over the forecast period. Demand for carrageenan gum from this industry has been increasing owing to its widespread application base as a gelling agent. It is extensively used in dairy desserts, caramel sauces, dairy & non dairy beverages, dips and sauces, instant dry mixes, instant beverages and other meat applications. Carrageenan possess strong reactivity with range of materials especially milk proteins, for which it has found vast application in milk based products. This is anticipated to have positive impact on market growth over the forecast period. Pharmaceutical industry is one of the major end-use industries of carrageenan gum owing to its increasing application as gelling agent.

Europe was the largest market for carrageenan gum in 2013. Within Europe, U.K. and Germany are the leading importers owing to strong demand from end-use industries present in these regions. Asia pacific was the second largest market owing to increasing demand from food & beverages industries in India, China and Japan. However, North America has been losing its market share over the past few years owing to stringent regulations from FDA to reduce usage of carrageenan gums.

Key players of carrageenan gum market include BLG Shanghai & Zhejiang Plants, Kachabo Gums, Altrafine Gums, Marinalg international, FMC Corporation, Scalzo Food Industries, Cargil Inc., TIC Gums Incorporation and Gum Technology Corporation.

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $4,950
Library Access - $7,950

Buy Chapters or Sections

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA