(Food-Beverage-News.Com, September 14, 2017 ) Mordor Intelligence announces the publication of their research report on Carrageenan Market. The report titled, “Global Carrageenan Market - Trends and Forecasts : (2017 - 2022) (Segmented by types, applications, grades and geography)” discusses the current landscape and outlook of the said market.
The Global Carrageenan Market has been estimated worth USD 762.35 million as of 2016. Carrageenan has around 13.3% share of the global food & beverage hydrocolloids market. The Carrageenan market has witnessed a CAGR of 5.2% in the last three years and is expected to grow consistently.
The major driver of the carrageenan market is the rising demand for processed foods. Within the processed food ingredients, the rising demand for organic ingredients is driving the market for carrageenan. Other very important factor for the market growth is the multi-functionality of the product. It acts as a stabilizer, thicker, texturing and gelling agent.
Market Segmentation: Carrageenans are classified into three types namely; Iota, Kappa, and Lambda. Kappa is the most used carrageenan, as it acts as a stabilizer, emulsifier and bodying agent in cheese, chocolate, ice cream, and puddings. Iota is used for ready-to-eat meals.
Regional Analysis: Asia Pacific is leading market at the regional front. The largest producer for Carrageenan is the Philippines which accounts for around 77% of the world's supply. The Asia-Pacific market for Carrageenan is extremely huge as compared to the North America and Europe markets. China is the main exporter of Carrageenan to both US and Europe.
Competitive Landscape: The major players in this industry are Marcel Carrageenan, Seatech Carrageenan Company, and FMC BioPolymer. Other key players present in the Carrageenan Market includes, ACCEL Carrageenan Corporation (ACC), Rico Carrageenan, Xieli, Global Ocean, LONGRUN, Greenfresh, Gather Great Ocean, Brilliant, TIC Gums, MCPI, TBK, Cargill, ISI, CP Kelco, CEAMSA, Karagen Indonesia, Danisco, CEAMSA, Shemberg, Gelymar,.
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