In past few years, the plant-based gelatin-like ingredient carrageenan has been widely used in skincare products. Carrageenan gum is a fantastic emulsifier and gives skincare products a creamy, silky feel owing to its capacity to bind water. The food and beverage industry has long used carrageenan gum extensively, which is likely to augur well for the global carrageenan gum market. Meanwhile, because of its emulsifying abilities, it has become popular in skincare, especially in lotions and moisturizers. Skincare products made with carrageenan gum are velvety, luscious, and smooth, rendering them simple to put on the body and face.
Carrageenan gum is a widely used component in shampoos, toothpaste, hair treatments, gels, and conditioners due to its emulsifying and viscous qualities. In order to assist the skin in absorbing moisture from skincare items, carrageenan gum efficiently inhibits water-based and oil-based substances from segregating. The increasing popularity of plant-based components in hair care and skincare products amongst customers is expected to fuel usage of carrageenan gums in the forthcoming years.
Type, industry type, and region are important market parameters that have been taken into account whilst segmenting the global carrageenan gum market.
In order to grow its presence in the market for food ingredients, Kerry Group purchased the biotechnology firm Biosearch Life in July 2021. In order to provide "science-backed branded ingredients," Kerry Group will include Biosearch into its global ProActive health ecosystem.
Some of the major players in the global carrageenan gum market are as mentioned below
Below-mentioned developments, restraints, opportunities, and drivers are anticipated to characterize the global carrageenan gum market
Carrageenan gum is increasingly being used in processed food items as an emulsifying agent, protein stabilizer, thickener, and particle suspension, which is likely to drive market expansion. Dairy-based goods, ice creams, salad dressings, chocolate milk, and sour cream all include it. Additionally, it is utilized in a variety of food applications, including bakery goods, confectioneries, and beverages. Consequently, it is projected that increased use of carrageenan gum in a variety of processed foods would spur market expansion for this product.
Consequently, it is projected that increasing use of carrageenan gum in a variety of processed foods would spur expansion of the global carrageenan gum market. Rising demand for carrageenan gum from the cosmetics sector is anticipated to fuel market expansion during the forecast period. Body lotions, s having creams, and cream deodorants are just a few types of skincare products that include carrageenan gum. Additionally, carrageenan gum is also utilized in the making of air fresheners and toothpaste due to its superior control of fluidity and texture. As a result, the growing demand for carrageenan gum is anticipated to be driven by increasing usage in the cosmetics industry.
Increasing use of carrageenan gum in infant formula is anticipated to be a promising growth option for the carrageenan gum market in the years to come. Improved consumer lifestyles and expanding urban populace are expected to trigger market expansion for baby formulas based on carrageenan. This is anticipated to drive sales growth for carrageenan gum market.
Carrageenan gum's biggest market has historically been in Europe. A significant demand from various end-use industries located in this region come from Germany and the UK, the top importers within Europe. Due to growing demand from the food and beverage business in Japan, China, and India, Asia Pacific was the second-largest regional market. The FDA's strict requirements to limit the use of carrageenan gums have caused North America to lose market share during the past few years.