Carrageenan Market
Carrageenan also known carrageenin is a family of linear sulphated polysaccharides that are extracted from red seaweeds such as eucheuma cottonii, eucheuma spinosum, etc., with an ability to form gel, stabilize, thicken, emulsify, film, which are applied as gelling, thickening, stabilizing, emulsifying or suspending agent in food, daily chemical and pharma industry.
Developed countries are the main consuming regions. The United States is the world s largest consumer market in recent years. Its consumption volume holds 34.38% of the global market. Followed by Europe, mainly concentrated in the south of the Mediterranean and the United Kingdom, whose sales account for 30.77% of the world.
The export volume is huge for the carrageenan industry. The total global exports account for about 60% of global output. Several major producing regions are the main exporters, mainly exported to the United States and Europe.
As the raw materials mainly rely on imports, the price of the US and Europe is relatively high. In contrast, the price of South America and Southeast Asia is lower. China’s raw materials now also mainly rely on import, so the ex-factory price is relatively high. While Chinese consumption is limited, the sale-price is not so high. China has a huge market potential for carrageenan.
According to this study, over the next five years, the Carrageenan market will register a 10.0% CAGR in terms of revenue, the global market size will reach US$ 2081.9 million by 2024, from US$ 1295.1 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in the Carrageenan business, shared in Chapter 3.
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This report presents a comprehensive overview, market shares, and growth opportunities of Carrageenan market by product type, application, key manufacturers and key regions and countries.
This study considers the Carrageenan value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Kappa-carrageenan
Iota-carrageenan
Lambda carrageenan
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Food industry
Daily chemical industry
Pharmaceutical industry
Biochemistry
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
America
APAC
Europe
Middle East & Africa
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The key manufacturers covered in this report: Breakdown data in in Chapter 3.
FMC
Shemberg
CEAMSA
Danisco
Gelymar
Karagen Indonesia
CP Kelco
ISI
Cargill
TBK
Accel
CC
MCPI
TIC Gums
Brilliant
Greenfresh
LONGRUN
Global Ocean
Gather Great Ocean
Xieli
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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Carrageenan consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Carrageenan market by identifying its various subsegments.
Focuses on the key global Carrageenan manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Carrageenan with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the consumption of Carrageenan submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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