Carrageenan Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 Hydrocolloids have many uses in food, such as thickening, gelling, emulsifying, stabilizing, coating, and so on. The range of food items that use hydrocolloids varies from heat-treated dairy products to jelly and confectionery products. It is a multifunctional ingredient and behaves differently in water and milk. In the beverage industry, it is utilized mainly as a gelling and thickening agent as it has thickening properties with hydrocolloids. In dairy products, it also has the property of reacting with proteins, providing stabilizing functions. Increasing applications of hydrocolloids in various industries, like personal care, pharmaceuticals, and food and beverage, are driving the carrageenan market's growth

The carrageenan market is projected to register a CAGR of 6.50% over the next five years.

The main thing driving the demand for carrageenan around the world is the growing popularity of processed foods.The major driver of the carrageenan market is the rising demand for processed foods. Carrageenan is an essential ingredient in many foods and beverages consumed every day, including nut and soy milk, deli meats, protein shakes and powders, chocolate milk, yogurt, popsicles, prepared meals such as frozen burritos and pizza, ice cream, and infant formula. On the other hand, carrageenan is a well-known additive in the pharmaceutical, cosmetic, and home care industries, where it can be used as a thickener or film-forming agent.

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