South Korea Carrageenan Market Size & Outlook, 2022-2030
Related Markets
South Korea carrageenan market highlights
- The South Korea carrageenan market generated a revenue of USD 93.1 million in 2022 and is expected to reach USD 156.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.7% from 2023 to 2030.
- In terms of segment, semi-refined was the largest revenue generating processing technology in 2022.
- Gel Press is the most lucrative processing technology segment registering the fastest growth during the forecast period.
Carrageenan market data book summary
| Market revenue in 2022 | USD 93.1 million |
| Market revenue in 2030 | USD 156.6 million |
| Growth rate | 6.7% (CAGR from 2022 to 2030) |
| Largest segment | Semi-refined |
| Fastest growing segment | Gel Press |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Alcohol Precipitation, Gel Press, Semi-Refined |
| Key market players worldwide | DuPont de Nemours Inc, Ingredion Inc, Ashland Inc, CP Kelco, Cargill, 374Water Inc, Accell, Bluglass Ltd, MGP Ingredients Inc, Anglo-Eastern Plantations PLC, Trailbreaker Resources Ltd, Tate & Lyle PLC |
Other key industry trends
- In terms of revenue, South Korea accounted for 10.7% of the global carrageenan market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, South Korea carrageenan market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 156.6 million by 2030.
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Carrageenan Market Scope
Carrageenan Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Trailbreaker Resources Ltd | View profile | - | 650 West Georgia Street, Suite 2110, Vancouver, BC, Canada, V6B 4N9 | https://www.trailbreakerresources.com |
| Anglo-Eastern Plantations PLC | View profile | 12671 | Quadrant House, 4 Thomas More Square, 6th Floor, London, United Kingdom, E1W 1YW | https://www.angloeastern.co.uk |
| Bluglass Ltd | View profile | 22 | 74 Asquith Street, Silverwater, Sydney, NSW, Australia, 2128 | https://www.bluglass.com.au |
| 374Water Inc | View profile | 26 | 701 W Main Street, Suite 410, Durham, NC, United States, 27701 | https://www.374water.com |
| Accell | View profile | 11-50 | Warrenton, Virginia, United States, North America | https://accellclinical.com/ |
| CP Kelco | View profile | 1001-5000 | Atlanta, Georgia, United States, North America | https://www.cpkelco.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Ashland Inc | View profile | 3800 | 8145 Blazer Drive, Wilmington, DE, United States, 19808 | http://www.ashland.com |
| Ingredion Inc | View profile | 11600 | 5 Westbrook Corporate Center, Westchester, IL, United States, 60154 | https://www.ingredion.com |
| Tate & Lyle PLC | View profile | 4591 | 5 Marble Arch, London, United Kingdom, W1H 7EJ | https://www.tateandlyle.com |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
| MGP Ingredients Inc | View profile | 705 | 100 Commercial Street, P.O. Box 130, Atchison, KS, United States, 66002 | https://www.mgpingredients.com |
South Korea carrageenan market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to carrageenan market will help companies and investors design strategic landscapes.
Semi-refined was the largest segment with a revenue share of 56.82% in 2022. Horizon Databook has segmented the South Korea carrageenan market based on alcohol precipitation, gel press, semi-refined covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Carrageenan Processing Technology Outlook (Revenue, USD MIllion, 2018-2030)
- Gel Press
- Alcohol Precipitation
- Semi-Refined
- South Korea Carrageenan Function Outlook (Revenue, USD MIllion, 2018-2030)
- Others
- Stabilizer
- Thickening Agent
- Gelling Agent
- South Korea Carrageenan Product Outlook (Revenue, USD MIllion, 2018-2030)
- Lambda
- Kappa
- Iota
- South Korea Carrageenan Application Outlook (Revenue, USD MIllion, 2018-2030)
- Personal Care & Cosmetics
- Food & Bevaerage
- Bakery
- Confectionery
- Dairy Products
- Sauces & Dressings
- Others
- Meat Products
- Beverages
- Pharmaceutical
- Others
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Target buyers of South Korea carrageenan market databook
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Our clientele includes a mix of carrageenan market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea carrageenan market , including forecasts for subscribers. This country databook contains high-level insights into South Korea carrageenan market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea carrageenan market size, by processing technology, 2018-2030 (US$M)
South Korea Carrageenan Market Outlook Share, 2022 & 2030 (US$M)
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