(Food-Beverage-News.Com, December 14, 2017 ) As per the syndicated report published by Market Data Forecast Europe Carrageenan Market which is estimated to be USD 133.2 million in 2016 is poised to reach USD 168.47 million by 2021, at a CAGR of 4.81% from 2016 to 2021.
It can attribute to the factors such as consumers purchase more treated food, which often covers thickeners, such as carrageenan. In the next few years, demand from the European food industry for carrageenan is likely to continue to grow at the similar rate. Availability of other substitutes of carrageenan is hindering the market progress.
European carrageenan producers generally form agreement with farmers in countries like Indonesia to raise their raw materials. Carrageenan is mostly found in the Atlantic oceans near to North America and Europe. There are numerous carrageenan’s, different in their chemical properties and arrangement, and accordingly in their usages. Companies manufacturing carrageenan gels are further enhanced and prolonged to meet the growing demand of excellence carrageenan products.
Europe Carrageenan Market is segmented based on Type, Application, Grade and Seaweed Source as mentioned below for attaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.
Market Segmentation:
1) Based on Type:
Ø Kappa
Ø Lota
Ø Lambda
2) Based on Application:
Ø Food Industry
o Dairy
o Meat
o Beverages
o Pet Food
Ø Pharmaceutical Industry
Ø Cosmetics Industry
3) Based on Grade:
Ø Refined Carrageenan
Ø Semi Refined Carrageenan
4) Based on Seaweed Source:
Ø Gigartina
Ø Chondrus
Ø Iridaea
Ø Eucheuma
Geographically the market is segmented into Germany, U.K., Spain, Italy and France. U.K. and Germany are the foremost importers owed to huge demand from end use trades existing in these regions.
The key players in Europe Carrageenan Market are AEP Colloids, TIC Gums Incorporation, Gum Technology Corporation, Shemberg Marketing Corporation, Ingredients Solutions Inc., Soriano SA, Marcel Trading Corporation, Altrafine Gums, Gelymar SA, Danisco A/S, Scalzo Food Industries, Kerry Group (Ireland), CP Kelco (U.S.), Ashland Inc (U.S.), Ingredion (U.S.), DuPont (U.S.), Cargill (U.S.), TIC Gums (U.S.) and Tate & Lyle (U.K.).
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