Market Size of Asia-Pacific Carrageenan Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.52 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Carrageenan Market Analysis
Asia-Pacific carrageenan market is projected to grow at a CAGR of 8.52% during the forecast period (2020-2025).
- 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.
