China is the leading market in the Asia Pacific, as well as the significantly growing market for carrageenan production. Over the forecast years, its regional carrageenan market is poised to register a CAGR of 7.4%.
The worldwide sales of carrageenan were estimated to be around US$ 935.9 million in 2022, in terms of value. As per the global carrageenan market survey report, it is expected to rise at a rate of 4.8% during the forecast period. By registering such a fair CAGR, the overall valuation of the market is projected to reach US$ 1,567.4 million by 2033, growing from US$ 980.8 million in 2023.
The growing popularity of processed and packaged foods is considered to be the main factor driving the carrageenan market worldwide. Carrageenan is a crucial component of many foods and drinks that people consume every day, rendering the carrageenan business a lucrative opportunity for many coastal countries.
Carrageenan, on the other hand, is gaining more recognition in the healthcare, beauty, and personal care sectors these days. There is a growing emphasis by governments around the world to develop their pharmaceutical sector, where carrageenan may be utilized in bulk. Given such potential, the overall supply of carrageenan, as a thickening or film-forming agent, is projected to witness rapid growth in the coming days.
Request Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-16630
Key Takeaways
Ask to Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-16630
Competitive Landscape
Accel Carrageenan Corporation, Cargill, Inc., CP Kelco U.S., Inc., DuPont Nutrition & Heath, Gelymar, Green Fresh Foods (India) Pvt. Ltd., Karagen Indonesia, CV, Kerry Group PLC, Shemberg Ingredients and Gums Corporation, SiChuan Xieli Pharmaceutical Co., Ltd., TIC Gums, Inc., Ingredion Incorporated, Ashland, Ceamsa, W Hydrocolloids, Inc., Caldic B.V., Ina Food Industry Co. Ltd., PT. Gumindo Perkasa Industry, BLG, MCPI Corporation, AEP Colloid, Marcel Carrageenan, TBK Manufacturing Corporation, Prinova Group LLC, LAUTA Ltd., Aquarev Industries, Bang &Bonsomer, Agargel Industria e Comercio Ltd, Zhenpai Hydrocolloids Co., Ltd., and Tate & Lyle among others are prominent players in the global carrageenan market.
Buy Report now@ https://www.futuremarketinsights.com/checkout/16630
Recent Developments
Key segments
By Type:
By Function:
By Processing Technology:
By End Uses:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market
Apr 17, 2023