| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 8.52% |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Carrageenan Market Analysis by Mordor Intelligence
The Asia-Pacific Carrageenan Market is expected to register a CAGR of 8.52% during the forecast period.
- Asia-Pacific being the prominent producer of carrageenan, it is the fastest-growing region with higher application in varied sectors.
- Carrageenan is broadly used in food applications, such as dairy and meat products, and recently, its demand in non-food applications has increased significantly. The demand for carrageenan in pharmaceuticals and cosmetic products is increasing due to its sustainable functional property.
- Additionally, the increasing demand for natural hydrocolloid ingredients in processed foods and increased consumption in the meat and poultry industry is projected to drive the market.
Asia-Pacific Carrageenan Market Trends and Insights
Upsurge in the Application in Dairy Sector
Carrageenan as an additive is a safe food stabilizer that thickens and extends the efficiency of shelf-life. The high-quality food-grade carrageenan produced in the region, including the Philippines and others. Lambda carrageenan is cold, soluble, and acts as a thickening agent, that improves mouthfeel in dairy beverages, thus, driving the market. Kappa is the most used carrageenan in food, where it acts as a stabilizer, bodying agent and emulsifier in cheese, ice cream, chocolate, and puddings. Iota is used for ready-to-eat meals, whereas, lambda is mostly used for whipped cream. Therefore, the rising food industry of the region boosts the demand for carrageenan.
Understand The Key Trends Shaping This Market
Download PDF
China is the Largest Market
China is leading the Asia-Pacific carrageenan market due to the rapid growth in industrialization and investment in research and development. The Chinese market built an economic model to estimate the derived demand for seaweed. The model considers three angles, which include supply side (carrageenan production), demand-side (carrageenan demand from end-users), and trade data of seaweed. It is also the major producer of carrageenan, and hence, is the leading exporter of carrageenan to Europe and the United States. About 95% of the carrageenan produced for domestic use is consumed by the food industry, especially for foods, such as meat, jelly, and soft sweets. The jelly industry is the prime consumer of carrageenan and recorded the highest growth rate during the past few years.
Get Analysis on Important Geographic Markets
Download PDF
Competitive Landscape
The companies operating in the Asia-Pacific carrageenan market have adapted strategies for market evolution, which primarily target their investments, in order to gain higher market share. The market is highly fragmented, with numerous regional and global players trying to gain competitive advantage through various factors, like innovation, design, etc. With several regional players existing in the market, the global players are dominating the highly competitive market.
Asia-Pacific Carrageenan Industry Leaders
-
Cargill, Incorporated
-
MCPI Corporation
-
Accel Carrageenan Corporation
-
Marcel Carrageenan
-
Caldic B.V.
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competitors?
Download PDF
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now
Asia-Pacific Carrageenan Market Report Scope
Asia-Pacific carrageenan market is available as kappa, lota and lambda. By application, the market is segmented into food industry, pharmaceutical industry, cosmetics industry, and others.
By Types
| Kappa |
| Lota |
| Lambda |
By Application
| Food | Dairy Products |
| Meat Products | |
| Beverages | |
| Others | |
| Pharmaceutical | |
| Beauty & Personal Care | |
| Others |
Geography
| Japan |
| China |
| Australia |
| India |
| Philippines |
| Rest of Asia-Pacific |
| By Types | Kappa | |
| Lota | ||
| Lambda | ||
| By Application | Food | Dairy Products |
| Meat Products | ||
| Beverages | ||
| Others | ||
| Pharmaceutical | ||
| Beauty & Personal Care | ||
| Others | ||
| Geography | Japan | |
| China | ||
| Australia | ||
| India | ||
| Philippines | ||
| Rest of Asia-Pacific | ||
Need A Different Region or Segment?
Customize Now
Key Questions Answered in the Report
What is the current Asia-Pacific Carrageenan Market size?
The Asia-Pacific Carrageenan Market is projected to register a CAGR of 8.52% during the forecast period (2025-2030)
Who are the key players in Asia-Pacific Carrageenan Market?
Cargill, Incorporated, MCPI Corporation, Accel Carrageenan Corporation, Marcel Carrageenan and Caldic B.V. are the major companies operating in the Asia-Pacific Carrageenan Market.
What years does this Asia-Pacific Carrageenan Market cover?
The report covers the Asia-Pacific Carrageenan Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Carrageenan Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Page last updated on:
Asia-Pacific Carrageenan Market Report
Statistics for the 2025 Asia-Pacific Carrageenan market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Carrageenan analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
