Carrageenan is a common name for a family of gel-forming and viscosifying polysaccharides that are extracted from a species of red seaweed belonging to class Rhodophyceae. It is commonly found in the Atlantic Ocean near Britain, Europe, and North America. Carrageenan contains considerable amount of cellulose and sulfated polygalactan with 15% to40% of ester-sulfate content. It has off-white to brown appearance and is commercially available in powdered form. It is also known as seaweed flour or Irish moss. Carrageenans differ in their chemical structure and properties, and therefore, they have varying utilities in application industries. Carrageenans of commercial interest are available in three different grades: Iota (ι), kappa (κ), and lambda (λ). For instance, iota forms elastic gels with calcium salts and is stable at room temperature, while kappa forms strong and rigid gels with potassium salts and brittle gels with calcium salts. Lambda does not participate in gel formation and is only used to form high viscosity formulations. Furthermore, a mixture of different grades of carrageenan is used in the application industry. 

Carrageenan is commercially produced by two methods: by recovery of itaconic acid from aqueous solution and by dissolving in alkaline solution. Extraction through aqueous alkaline solution results in semi-refined carrageenan (SRC), which is sold in powdered form. Carrageenan is largely used as a gelling agent in the food and beverages industry. It has obtained approval from the European Union as a food additive with E-number E407.Carrageenan gum is primarily used in several application industries such as pet food, meat & processed food, dairy products, air fresheners, pharmaceuticals, beverages, and others. Dairy products are the largest application segment of the carrageenan gum market as it prevents separation of fat from protein. It is used as a substitute for gelatin jellies in water-based foods. Carrageenan has a high melting point. Thus, it does not melt in hot climate, especially in tropical regions. Carrageenan is also combined with several other gums such as locust bean gum, konjac flour, and starch to produce a variety of melting and non-melting gels.

Carrageenan gum is obtained from a vegetarian source, i.e., seaweed. Hence, it is considered as an optimum substitute for gelatin jellies in the food and beverages industry. Additionally, increasing demand for processed food and dairy products is boosting the demand for carrageenan gum globally. However, rising concern over gastrointestinal and inflammatory disorders among consumers has significantly hampered the carrageenan market. Besides this, availability of other substitutes is restraining the market growth.

Asia Pacific and Europeare key markets in the global carrageenan gum market. Rising demand for fast and processed food in Asia Pacific is expected to propel the demand for carrageenan gumin this region. Furthermore, significant consumption of dairy products in Europe is propelling the demand for carrageenan gum. Growth of the wealthy middle class in China, India, Russia, Brazil, and Indonesia is also projected to drive the market in Asia Pacific. China constitutes the largest market in Asia Pacific due to strong industrialization in the country. This has resulted in significant growth of the food and beverages industry in China. Pet food is one of major application segments fueling the carrageenan gum market in North America. Meat & processed food is the largest application segment in the Middle East & Africa. Latin America held key share of the global carrageenan gum market in 2014. Brazil and Argentina are major consumers of carrageenan gum in Latin America.

Some of the leading players in the global carrageenan gum market include AEP Colloids, CP Kelco ApS, Shemberg Marketing Corporation, Shemberg Biotech Corporation, Ingredients Solutions Inc.,Marcel Trading Corporation,FMC BioPolymer, Cargill Incorporated, Danisco A/S, Gelymar SA, Rhodia, CEAMSA, and Soriano SA.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Carrageenan Gum Market

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