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Carrageenan Film Market

Carrageenan Film Market By Thickness (Up to 50 µm, 50-100 µm, 100-200 µm, 200 µm & Above), Sales Channel (Direct Sales, Indirect Sales), End-Use (Food, Fresh Produce, Fruits, Meat, Poultry and Seafood, Vegetables, Dairy Products, Pharmaceutical, Nutraceutical) & Region - Forecast 2022-2032

Market Insights on Carrageenan Film covering sales outlook, demand forecast & up-to-date key trends

Carrageenan Film Market Overview

Carrageenan belongs to the family of linear sulphated polysaccharides. It is extracted from the red seaweeds, such as eucheuma cottonii, eucheuma spinosum, and others. Rising application of carrageenan as a gelling, thickening, emulsifying stabilizing, or suspending agent in chemicals, food products, and nutraceutical products is projected to increase the demand.

In addition to this, growing application of carrageenan films in the food packaging industry as well as a substitute to the collagen film or casing net is likely to create remunerative growth opportunities in the market.

Carrageenan films are extensively used as an edible packaging material for processed meat and poultry foods due to its availability in clear and color format and with no artificial coloring on it.

These films do not affect the nutritional value of food products and provides extended shelf life. Hence, demand for carrageenan films is projected to accelerate among packaging manufacturers at a rapid pace through 2032.

Which are the Trends Fueling Growth in Carrageenan Film Market?

According to Future Market Insights (FMI), the absence of artificial coloring, food safety, and preservation of the nutritional contents are major factors anticipated to boost the carrageenan film market, especially across pharmaceutical and food industries.

Growing inclination of consumers towards eco-friendly or biodegradable products due to rising environmental concerns related to plastic packaging will augment the sales of edible packaging products such as carrageenan films.

Further, increased shelf life of the meat, poultry and dairy products along with limited risks of cross contamination is improving the adoption of carrageenan films, propelling the sales over the forecast period.

Also, sustainability initiatives and high spending on research and development (R&D) activities related to packaging is predicted to create new avenues for carrageenan films market players over the assessment period.

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Which are the Factors Limiting Sales of Carrageenan Films?

Irrespective of the grade of carrageenan used, the hydrophilic nature of these films is anticipated to impede their performance in some applications, hindering the sales in the market.

Additionally, the inability of the carrageenan materials to be used in high water containing products such as fruits, meat products, and other liquid items will restrict their application in the packaging of these food items.

Stringent quality standards in accordance with international quality standards and regulations followed in the food stabilizer products are some of the few tailbacks, which are likely to hamper the growth in the market.

According to European Food Safety Authority (EFSA), the panel concluded that the existing group acceptable daily intake (ADI) for carrageenan (E 407) and processed eucheuma seaweed (E 407a) of 75 mg/kg per day should be temporarily considered till the database will be upgraded within 5 years after publication of this opinion.

Until then, adequate inter laboratory validated analytical method to quantify the current 5% limit and the fractions effect on the health will be evaluated. This revaluation is likely to pose a challenge for the key players in the market.

How will Sales of Carrageenan Films Increase in North America?

According to FMI, North America is expected to dominate the global carrageenan films market owing to the rising inclination towards organic and processed foods and for biodegradable packaging.

Also, increasing consumption of healthy food and growing awareness of healthier lifestyles are likely to contribute to the growth in North America carrageenan film market. In addition to this, the high demand for plant-based food ingredients is anticipated to further supplement the adoption of these films.

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Will Asia Pacific Exhibit Fastest Growth in the Carrageenan Film Market?

Growing consumption and production of carrageenan films in the developing economies such as India, China, and Philippines are anticipated to aid in the growth in the Asia Pacific market

Presence of top food industry players, such as China Mengniu Dairy Co. Ltd., and Inner Mongolia Yili Industrial Group Co., Ltd., and others is estimated to fuel the sales in China.

Also, rising use of carrageenan in the meat, jellies, and other food products along with its application in the packaging across China, Japan, and other countries will spur the demand for carrageenan films in the coming years.

In addition to this, rising disposable income and fast-paced lifestyle along with growing health and food safety is augmenting the demand for carrageenan films in the region.

Market Competition

Some of the leading players participating in the global carrageenan films market include COGIN, Chris-Kraft Polymer Inc., JetNet Corporation, and BioEnvelop Inc., among others.

Key players in the carrageenan market are introducing advanced packaging solutions and improving their research and development activities to gain competitive edge and enhance their customer experience.

 

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Scope of Report

Report Attribute

Details

Growth Rate

CAGR from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Thickness
  • Sales Channel
  • End-Use
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • COGIN
  • Chris-Kraft Polymer Inc.
  • JetNet Corporation
  • BioEnvelop Inc.

Customization

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Key Segments Profiled in the Carrageenan Films Market

Thickness:

  • Up to 50 µm
  • 50-100 µm
  • 100-200 µm
  • 200 µm & Above

Sales Channel:

  • Direct Sales
  • Indirect Sales

End-Use:

  • Food
  • Fresh Produce
  • Fruits
  • Meat, Poultry and Seafood
  • Vegetables
  • Dairy Products
  • Pharmaceutical
  • Nutraceutical
  • Others

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East & Africa

Frequently Asked Questions

Growing demand for biodegradable packaging and increased shelf life of processed food products offered by carrageenan film packaging is propelling the growth in the market.

North America is estimated to account for a maximum share in the global carrageenan films market.

Some of the key players dominating the carrageenan films market include COGIN, Chris-Kraft Polymer Inc., JetNet Corporation, and BioEnvelop Inc.

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Ismail Sutaria
Principal Consultant
LinkedIn
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Carrageenan Film Market