Carrageenan Market Research Report - Forecast till 2032

Carrageenan Market Research Report Information By Type (Kappa, Iota, and Lambda), By Application (Food & beverages, Personal care, Pharmaceuticals, and Others), And By Region (Asia-Pacific, North America, Europe, And The Rest Of The World) โ€“ Market Forecast Till 2032

ID: MRFR/F-B & N/0233-HCR | 110 Pages | Author: Harshita Gorade | December 2023         

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Global Carrageenan Market Overview


Carrageenan Market Size was valued at 0.9 billion in 2022. The Carrageenan Market industry is projected to grow from USD 0.952 Billion in 2023 to USD 1.494 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.80% during the forecast period (2023 - 2032). Increased use of Carrageenan in supplements and various industries and application of Carrageenan in pharmaceuticals are the key market drivers boosting the growth of the market.


Carrageenan Market Overview


Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review


Carrageenan Market Trends




  • Use of Carrageenan in various industries is driving the market growth.




Market CAGR for carrageenan market is being driven by the use of Carrageenan in a wide range of industries. Carageenan, widely used as an additive, is a natural component of red algae used to emulsify, concentrate and preserve food and beverages. It can be used in various industries like food & beverages, pharmaceutical, cosmetics, and home care industries. It has a rising penetration into dairy and processed meat products as it gives mouth-feel characteristics to emulate fatty feelings.


Carageenan is a plant-based gelatin-like component that is widely used in skincare products as it has a natural ability for water binding that makes it effective in giving a smooth and creamy texture. Carageenan gum has become known among food & drinks due to its emulsifying properties, therefore used in skincare, mainly in moisturizers and lotions. It makes skin care products creamy, luxurious, and smooth, which makes them easy to apply on the face. Carageenan has additional use as toothpaste, shampoos, conditioners, hair masks, and gels, as it does not allow the oil-based and water-based active ingredients to separate. The increase in demand for plant-based ingredients as an additive for skin care and hair products has fueled the carrageenan market.


Carrageenan has a wide range of pharmaceutical properties; that same is stimulating the attention of the pharmaceutical market. The tissue engineering procedures require advanced developmental testing methods; therefore, the pharmaceutical industry is shifting towards carrageenan-derived biomaterials. Carrageenan becomes a strong mass when combined with the salts making them soluble in water and maintaining the elasticity of the product; this property is used by pharmaceutical companies to alter the parasympathetic nerve inhibitors in nasal spray. The carrageenan-based nanomaterials are used to deliver therapeutic agents like small molecule drugs, genetic materials, and peptides.


The kappa carrageenan has a wide range of applications in the food sector; it includes 25-30% of ester sulfate that reacts with locust bean clusters to develop bitter jelly, used as a stabilizer in dairy products. Carrageenan is a popular alternative to gelatin in vegan food products; these are used in chewing gums and other dental confectioneries. Globalization is rising the demand for packaged goods is driving the Carrageenan Market revenue.


Carrageenan Market Segment Insights


Carrageenan Market Type Insights


The Carrageenan Market segmentation, based on type, includes Kappa, Iota, and Lambda. The kappa segment accounted for the largest market revenue of 68.3% in 2022. Kappa is mostly utilized in ice creams, cheese, puddings, and chocolate. Iota is being studied for its anti-viral properties, and lambda held a relatively market revenue share in 2022.


Figure 1: Carrageenan Market, by Types, 2022 & 2032 (USD billion)


Carrageenan Market, by Types, 2022 & 2032 (USD billion)


Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review


Carrageenan Market Application Insights


The Carrageenan Market segmentation, based on application, includes Food & beverages, Personal care, Pharmaceuticals, and Others. The food & beverages hold the largest market value of 72.8% in 2022. Carrageenan is used in bakery, dairy, and meat products and beverages as it provides altering viscosity and texture that improves their sensory properties. It also has applications in pharmaceuticals as it acts as excipients, foaming agents, wetting, solubilizing, and stabilizing agents.


Carrageenan Market Regional Insights


By region, the study gives market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American carrageenan market area dominates the market owing to the increase in the demand for carrageenan application in the food & beverage industry with the increasing leaning towards ingredient-based food formulation products. The US accounts for the largest carrageenan market due to the increase in awareness of health benefits and also the research and development in industry fueling the market.


Further, major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: CARRAGEENAN MARKET SHARE BY REGION 2022 (%)


CARRAGEENAN MARKET SHARE BY REGION 2022 (%)


Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review


Europe's Carrageenan market accounts for the second-largest market share owing to the increasing demand for processed food. Further, the German Carrageenan Market held the largest market share, and the UK Carrageenan Market was the fastest growing market in the European region


The Asia-Pacific Carrageenan Market is expected to grow during the forecast period 2023 to 2032. This is due to the presence of highly populous countries like India and China and expanding awareness of a healthy lifestyle and nutrition and rising per capita disposable income. Moreover, China’s Carrageenan Market held the largest market share due to the presence of major food industries, and the Indian Carrageenan Market was the rapidly growing market in the Asia-Pacific region.


Carrageenan Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Carrageenan Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Carrageenan Market industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Carrageenan Market industry to benefit clients and increase the market sector. In recent years, the Carrageenan Market industry has offered some of the most significant advantages to food & beverage and pharmaceutical industries. Major players in the Carrageenan market, including Ingredion Incorporated, TBK Manufacturing Corporation, PT Fortuna Cahaya Cemerlang, Cargill Incorporated, LTD, Danlink Ingredients, Caldic B.V., ACCEL Carrageenan Corporation, MCPI Corporation, Scalzo Food Industries, Marcel Trading Corporation, Soriano SA, Gelymar SA, Birmingham Biotech Ltd, Kerry Group, and others, are attempting to increase market demand by investing in research and development operations.


CP Kelco is a nature-based ingredient solutions company of 90 years working with food, beverage, consumer, and industrial product manufacturers globally. They focus on ingredient innovation and problem-solving to develop customized solutions that help their regional insights, meet manufacturers' goals and address consumer needs and preferences. Their key product line consists of gellan gum, pectin, xantham gum, carrageenan, diutan gum, fermentation-derived cellulose, refined locust bean gum, and microparticulate whey protein concentrate. In November 202, CP Kelco US launched a NUTRAVA citrus fiber, that will help in emulsion stabilization, suspension, viscosity, and in providing water holding capacity. In May 2020, CP Kelco's Cebu was acquired by Marcel, which will help the company in dealing with four carrageenan plants.


The Cargill has helped farmers for more than 150 years to grow more and connect them to the border market. They are developing new products that provide consumers with their requirements, advancing nutrition, food safety, and sustainability. They collaborate with various key markets to innovate and manage risk to provide for the future globally. They have experience with new technologies and insights to be a trusted partner for food, agriculture, financial and industrial customers. In July 2018, Cargill announced the extension of its seabird portfolio with the invention of the new Satiagel Carrageenan Extract, which is specially designed for texturing solutions for creamy dairy desserts.


Key Companies in the Carrageenan market include



  • Ingredion Incorporated

  • TBK Manufacturing Corporation

  • PT Fortuna Cahaya Cemerlang

  • Cargill Incorporated, LTD

  • Danlink Ingredients

  • Caldic B.V.

  • ACCEL Carrageenan Corporation

  • MCPI Corporation

  • Scalzo Food Industries

  • Marcel Trading Corporation

  • Soriano SA

  • Gelymar SA

  • Birmingham Biotech Ltd

  • Kerry Group.


Carrageenan Market Industry Developments


November 2022: Biolchim Group was acquired by J.M Huber Corporation, which is one of the major manufacturers and distributors of a diverse selection of specialized plant nutrition and biostimulants. The West Coast Marine-Bio Processing Corp, one of the organizations of Biolchim, supplied with seaweeds like carrageenan, is also part of J.M. Huber Corporation.


October 2022: NoriZite Nasal Spray with carrageenan was developed by Birmingham Biotech Ltd. Norizite with carrageenan acts as an anti-viral agent known to prevent infection from a number of respiratory viruses.


July 2021: A biotechnology firm Biosearch Life was acquired by the Kerry Group to expand its operations in the food ingredient sector. Biosearch is going to be incorporated into Lerry Group’s ProActive health platform for ‘Science-Backed’ branded ingredients.


Carrageenan Market Segmentation


Carrageenan Market Type Outlook



  • Kappa

  • Iota

  • Lambda


Carrageenan Market Application Outlook



  • Food & beverages

  • Personal care

  • Pharmaceuticals

  • Others


Carrageenan Market Regional Outlook



  • North America

    • US

    • Canada





  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe





  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific\





  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 0.9 billion
Market Size 2023 USD 0.952 billion
Market Size 2032 USD 1.494 billion
Compound Annual Growth Rate (CAGR) 16.26% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Application, and Region
Geographies Covered Asia Pacific, Europe, North America, and the Rest of the World
Countries Covered The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Ingredion Incorporated, TBK Manufacturing Corporation, PT Fortuna Cahaya Cemerlang, Cargill Incorporated, LTD, Danlink Ingredients, Caldic B.V., ACCEL Carrageenan Corporation, MCPI Corporation, Scalzo Food Industries, Marcel Trading Corporation, Soriano SA, Gelymar SA, Birmingham Biotech Ltd, Kerry Group.
Key Market Opportunities Rising awareness about the varieties of packaged foods, awareness for health & wellness, and a variety of developments are taking place.
Key Market Dynamics Increasing demand for hydrocolloids as thickeners in the food and beverage industry.




Frequently Asked Questions (FAQ) :

The Carrageenan market size valued at USD 0.9 Billion in 2022.

The market is Projected to grow at a CAGR of 5.80% during the forecast period, 2023-2032.

The key players are Ingredion Incorporated, TBK Manufacturing Corporation, PT Fortuna Cahaya Cemerlang, Cargill Incorporated, LTD, Danlink Ingredients, Caldic B.V., ACCEL Carrageenan Corporation, MCPI Corporation, Scalzo Food Industries, Marcel Trading Corporation, Soriano SA, Gelymar SA, Birmingham Biotech Ltd, Kerry Group, in the market.

The Kappa Carrageenan Market category dominated the market in 2022.

Food & beverages had the largest share of the market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major playersโ€™ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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