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(HomeGarden247.com, June 17, 2017 ) As per the syndicated report published by Market Data Forecast Europe Carrageenan Market which is estimated to be USD 133.2 million in 2016 is poised to reach USD 168.47 million by 2021, at a CAGR of 4.81% from 2016 to 2021.
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The demand for carrageenan market is gradually increasing in European region. Consumers purchase more treated food, which often cover thickeners, such as carrageenan. In the next few years, demand from the European food industry for carrageenan is likely to continue to grow at the same rate. Availability of other substitutes of carrageenan is limiting the market growth.
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To give brief idea European carrageenan producers usually contract farmers in countries like Indonesia to grow their raw materials. Carrageenan is mostly found in the Atlantic oceans near to North America and Europe. There are numerous carrageenan’s, divergent in their chemical arrangement and properties, and consequently in their usages. Companies manufacturing carrageenan gels are further improved and prolonged to meet the increasing demand of excellence carrageenan products.
Europe Carrageenan Market is segmented based on type, application and end-users as mentioned below for attaining a more granular perspective of the market. In the report, each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.
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1) By Type:
• Pet Food
• Pharmaceutical Industry
• Cosmetics Industry
• Refined Carrageenan
• Semi Refined Carrageenan
Geographically the market is segmented into Germany, U.K., Italy, Spain and France. U.K. and Germany are the foremost importers owed to heavy demand from end use trades existing in these regions. Pharmaceutical industry is one of the key end-use industries of carrageenan due to its expanding application as gelling agent
The major players in the food grade carrageenan industry are AEP Colloids, Shemberg Marketing Corporation, Ingredients Solutions Inc., Gelymar SA, Soriano SA, Marcel Trading Corporation, Danisco A/S, Scalzo Food Industries, Altrafine Gums, TIC Gums Incorporation, Gum Technology Corporation, DuPont (U.S.), Cargill (U.S.), Kerry Group (Ireland), CP Kelco (U.S.), Ashland Inc (U.S.), Ingredion (U.S.), TIC Gums (U.S.) and Tate & Lyle (U.K.).
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The Europe Carrageenan Market study offers the following deliverables:
• Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries
• Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis
• Explanations of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE and Porter’s Five Forces Analyses
• Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook - Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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