Carrageenan is a vital food ingredient derived from red seaweed used in various food products such as dairy, bakery, and meat products. Carrageenan is naturally hydrocolloid. However, when processed, it forms a gel. It has no nutritional value, but diversity in the application by various end-user sectors is the driving force fueling the growth of the food-grade carrageenan market globally.
Carrageenan is divided into three categories, which are kappa, lambda add iota. Kappa is the most widely used of all three categories. Kappa serves as an emulsifier, bodying agent, and stabilizer in cheese, ice cream, and pudding. Iota and lambda, on the other hand, serve the same purpose but are used in ready-to-eat meals and whipped cream, respectively.
Most food products processed with carrageenan are often labeled E407 or E407a, while a few of them are labeled dietary fiber. Carrageenan helps maintain bodyweight, which makes it suitable for consumption for consumers with diabetes or obesity; hence, the food-grade carrageenan market will witness robust growth over the forecast period due to this.
Although the services of carrageenan is employed mainly in the food and beverage industry, however, the pharmaceutical and cosmetics industries often use it in their production because of its sustainable functional property.
Furthermore, the growing demand for natural ingredients in processed food and rising meat and poultry consumption is anticipated to drive the global market forward in a few years.
Food Grade Carrageenan Market Growth Drivers
Presently, growing demand for organic food products globally is a major force fueling the growth of the food grade carrageenan market. Consumers spend more on organic or natural products due to their biodegradability in the human system.
The dairy sector often use carrageenan in the processing of various products such as ice cream, meat and poultry. Carrageenan act as an emulsifier which helps in the binding of fat, water and other ingredients together when meat or poultry is being processed. It also serves as a stabilizer for confectionery and bakery products such as cheese, ice cream and others.
The global food grade carrageenan market is anticipated to witness an augmentation in demand due to consumers busy lifestyle. Convenience food items are consumed widely as a result of growing population of consumers involved in busy/hectic lifestyle.
Food Grade Carrageenan Market Restraint
As recent research shows that carrageenan consumption usually triggers food allergy, inflammation, swelling, colon cancer, boating, glucose intolerance, and others, which often cause diseases like tendonitis and arthritis, the global food-grade carrageenan market might witness a decline in growth with the forecast period.
Also, the stringent regulations made by government agencies like National Organic Standard Board is expected to hamper the growth of the carrageenan market globally as food containing carrageenan are no longer marked as organic food in the United States.
Food Grade Carrageenan Market: Region-wise Analysis
The Asia Pacific is anticipated to dominate the global food-grade carrageenan market during the forecast period and aftermath due to the rapid growth in industrialization and investment research and development in China. China is the major exporter of carrageenan in the global market, and this is anticipated to fuel the growth of the industry within the Asia Pacific.
Europe and North America are the major importers of carrageenan due to its application in food processing. Carrageenan is used in the processing of meat, jelly, and soft sweets. The jelly industry contributes the most substantial revenue for the food-grade carrageenan market since carrageenan is a prime ingredient.
Food Carrageenan Market: Competitive Landscape
Companies in the Asia Pacific are adopting strategies such as innovation of product, investment in research and development, advertisement and others to gain high market share during the forecast period. Key players operating in the industry include;
- DuPont (U.S.)
- Cargill (U.S.)
- Kerry Group (Ireland)
- CP Kelco (U.S.)
- Ashland Inc (U.S.)
- Ingredion (U.S.)
- TIC Gums (U.S.)
- Tate & Lyle (U.K.).
- Cargill and DuPont
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
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Global Food Grade Carrageenan Market Segment Analysis
The global food carrageenan market can be segmented on the following basis:
- Beauty and Personal Care
- Food Processing
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