DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Carrageenan Market- Trends and Forecasts:(2015 - 2020 (Segmented by types, applications, grades and geography)" report to their offering.
Carrageenan is a major ingredient in the food industry and is used for its gelling, thickening and stabilizing properties. It has wide applications in both dairy and meat products. It is extracted from red algae and has been used in foods for centuries. There are three types of Carrageenans based on the number of Sulphates per disaccharide namely Kappa Carrageenan (one Sulphate), iota Carrageenan (two Sulphates) and Lambda Carrageenan (three Sulphates). The global Carrageenan industry was worth 762.35 million USD as of 2013.
The largest producer for Carrageenan is Philippines which accounts for around 77% of the worlds supply. The Asia Pacific market for Carrageenan is extremely huge compared to the North America and Europe markets. The Asia Pacific market for Carrageenan was worth 575.2 million USD as of 2013. China is the main exporter of Carrageenan to both US and Europe. In the US, Carrageenan has found a major application in Chocolate milk where it is used for keeping the chocolate in suspension.
World Carrageenan production exceeded 56,000 tons as of 2013 and it has a very competitive market inArgentina, Canada, Chile, Denmark, France, Japan, Mexico, Morocco, Portugal, North Korea, South Korea, Spain, Russia and the USA. The Carrageenan market has witnessed a CAGR of 5.2% in the last 3 years and is expected to grow consistently. Carrageenan is an important salad ingredient and additive in food, personal care, pharmaceuticals and other industrial applications. Personal care products include cosmetics, hand and body lotions, shampoo, soap, toothpaste and gel fresheners.
Report Structure:
1. INTRODUCTION
2. Executive Summary
3. MARKET ANALYSIS
4. MARKET DYNAMICS
5. MARKET SEGMENTATION
6. COMEPETITIVE LANDSCAPE
7. COMPANY PROFILES
8. Appendix
For more information about this report visit http://www.researchandmarkets.com/research/4hqkfx/global
