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This market research report presents a comprehensive analysis of the global carrageenan market based on its applications in various sectors such as food and beverages, personal care, and others. The report also provides a comprehensive analysis of the growth opportunities for companies in this market across regions such as the Americas, APAC, and EMEA.
Technavio's market research analysts predict that the market will grow at a CAGR of close to 8% by 2022.
Segmentation by application and analysis of the carrageenan market
Food and beverages
The carrageenan seaweed extract market is witnessing growth in the food and beverages segment due to the rising application of carrageenan to regulate the water content in meat products. They are also used to provide the desired texture to confectionary products, waterbased desserts, and fruit preparation and stabilize ice creams. This will have a positive impact on the market's growth for the next four years.
Segmentation by geography and analysis of the carrageenan market
In terms of geography, EMEA contributed the majority of share toward the carrageenan market during 2017. The growing adoption of carrageenan in Ireland will drive the growth prospects for the carrageenan seaweed extract market in the region.
Key questions answered in the report include
What will the market size and the growth rate be in 2022?
What are the key factors driving the global carrageenan market?
What are the key market trends impacting the growth of the global carrageenan market?
What are the challenges to market growth?
Who are the key vendors in the global carrageenan market?
What are the market opportunities and threats faced by the vendors in the global carrageenan market?
What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the global carrageenan market?NEXT ARTICLE
Food is any substance consumed to provide nutritional support for the body. It is usually of plant or animal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, or minerals. The substance is ingested by an organism ...