(Food-Beverage-News.Com, April 25, 2017 ) According to the report published by Market Data Forecast Middle-East and Africa Carrageenan Market the market was worth $74 million in 2016 and poised to grow with a CAGR of 5.01% to reach $94.52 million during forecast period 2016-2021.
Carrageenan is a food additive that is obtained from red seaweed, Chondrus crispus, which is commonly known as Irish moss. It is used as an additive in various food products such as bakery, sauces dairy and meat products. There are three types of carrageenan found Kappa Carrageenan (one Sulphate), Iota Carrageenan (two Sulphates) and Lambda Carrageenan (three Sulphates). There are many uses of carrageenan such as it provides texture and body in chocolate carrageenan prevents meltdown in ice cream, acts as a thickening agent in custard and a stabilizer in whipped cream.
The factors responsible for the growth of this market are increasing demand of frozen food, processed food, and rise in awareness among masses regarding organic food. With such multi-functionality traits of carrageenan as thickening agent and stabilizer, its demand is bound to rise during the forecast period. With the rise in hydrocolloids demand in pharmaceuticals, cosmetics and food and beverages industry, the growth in carrageenan market will be substantial.
The Carrageenan products are based on different type, applications, grades and source. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
The major players in the carrageenan industry are AEP Colloids, Shemberg Marketing Corporation, Ingredients Solutions Inc., Gelymar SA, Soriano SA, Marcel Trading Corporation, Danisco A/S, Scalzo Food Industries, Altrafine Gums, TIC Gums Incorporation, Gum Technology Corporation, DuPont, Cargill, Kerry Group, CP Kelco , Ashland Inc. , Ingredion , TIC Gums and Tate & Lyle. Scope of the Middle-East and Africa Carrageenan Market:
• Regional and country-level analysis that provides an innate perspective of Middle-East and African regional Markets. • To detect major focus areas of industrial growth Segment-level analysis on basis of type, products, application and end-user along with market size forecasts and y-o-y estimations are provided • Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics • PESTLE and Porter’s Five Forces Analyses that examine the macro & micro environmental factors such as political influence, technological prowess, industry rivalry to name a few. • An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment • mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape • Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market Checkout other related studies in the Food and Beverages Segment:
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