Global Carrageenan Market to Reach USD 1,642.0 Million by 2033, Stimulated by Significant Growth in Food and Beverage Industry

January 15, 2025 | Food & Beverages

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According to the latest report by IMARC Group, titled “Carrageenan Market Report by Product (Kappa, Iota, Lambda), Function (Thickener, Gelling Agent, Stabilizer, and Others), Application (Food and Beverage, Pharmaceutical, Personal Care and Cosmetics, and Others), and Region 2025-2033,” the global carrageenan market size reached USD 1,004.7 Million in 2024. Carrageenan is a naturally occurring food additive derived from red seaweed. It is utilized as a gelling, thickening, and stabilizing agent in various food and beverage products. The primary sources of Carrageenan are Chondrus crispus, Eucheuma, and Gigartina species, which are abundant in coastal regions around the world. The substance is extracted from the seaweed, processed, and converted into a fine powder or gel form for commercial use. Due to its unique properties, Carrageenan finds extensive applications in the food industry, where it enhances the texture and consistency of products such as dairy items, processed meats, desserts, and plant-based alternatives. Moreover, it is often employed in pharmaceutical and cosmetic products for its emulsifying and thickening capabilities. Carrageenan is preferred by many manufacturers as it is considered safe for consumption and approved by regulatory bodies.

Global Carrageenan Market Trends:

The widespread utilization of Carrageenan in the food and beverage industry as a thickening, stabilizing, and gelling agent is driving the global market. Carrageenan's unique properties make it an attractive alternative to synthetic additives, catering to the growing demand for natural and clean-label ingredients. Furthermore, the increasing popularity of processed and convenience foods has also fuelled the Carrageenan market. With consumers seeking convenience and extended shelf life, food manufacturers have turned to Carrageenan to improve texture, enhance mouthfeel, and prevent ingredient separation in various products, including dairy, meat, and processed foods. The global shift towards healthier lifestyles and dietary preferences has further boosted the Carrageenan market. As Carrageenan is plant-based and generally considered safe for consumption, it aligns well with the growing demand for plant-derived and vegetarian or vegan-friendly food products. Moreover, the growing awareness about food safety and preservation has augmented the demand for Carrageenan, as it helps maintain the quality and stability of processed foods while reducing the need for artificial preservatives. Looking forward, the market value is projected to reach USD 1,642.0 Million by 2033, expanding at a CAGR of 5.16% during 2025-2033.

Market Summary:

Based on the product, the market has been segmented into kappa, iota, and lambda.
On the basis of the functions, the market has been divided into thickener, gelling agent, stabilizer, and others.
Based on the application, the market has been bifurcated into food and beverage, pharmaceutical, personal care and cosmetics, and others.
Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
The competitive landscape of the market has also been examined, with some of the key players being ACCEL Carrageenan Corporation, Aquarev Industries, Ashland, Cargill Incorporated, Ceamsa, CP Kelco U.S. Inc. (J.M. Huber Corporation), DuPont de Nemours Inc., Ingredion Incorporated, LAUTA Ltd., Marcel Carrageenan, MCPI Corporation and TBK Manufacturing Corporation.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Segment Coverage	Product, Function, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	ACCEL Carrageenan Corporation, Aquarev Industries, Ashland, Cargill Incorporated, Ceamsa, CP Kelco U.S. Inc. (J.M. Huber Corporation), DuPont de Nemours Inc., Ingredion Incorporated, LAUTA Ltd., Marcel Carrageenan, MCPI Corporation and TBK Manufacturing Corporation
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Carrageenan Market to Reach USD 1,642.0 Million by 2033, Stimulated by Significant Growth in Food and Beverage Industry

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