Carrageenan Market size, share, Growth
Carrageenan Market Research Report, the market was worth USD 864.3 million in 2019 and estimated to be growing at a CAGR of 5.45%, to reach USD 1127.1 million by 2024.
Carrageenan Market Overview:
Carrageenan Market Research Report, the market was worth USD 864.3 million in 2019 and estimated to be growing at a CAGR of 5.45%, to reach USD 1127.1 million by 2024. Carrageenan is a vital salad ingredient and preservative in food, specialized care, pharmaceuticals, and other industrialized applications. Carrageenan is a main ingredient in the food industry and is used for its gelling, condensing, and stabilizing properties. It has various applications in both dairy and meat products. It is taken out from red algae and has been used in foods for several decades. Carrageenan is a controlled food additive, and there are worries over the extreme amount of Carrageenan that can be added to food.
Carrageenan Market Drivers and Restraints:
Carrageenan market has been observing substantial growth over the past few years because of growing demand from food & beverages sector, and the demand is predicted to continue over the forecast period. Rising health concerns, along with increasing demand for healthy food products, are one of the significant factors to propel the market over the next few years. Growing concern over gastrointestinal and inflammatory ailments among regulars has considerably hindered the carrageenan market.
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