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Carrageenan Market Analysis for Global (Europe, Japan, US, China) Regions

Carrageenan is a common name for a family of gel-forming and viscosifying polysaccharides that are extracted from a species of red seaweed belonging to class Rhodophyceae. Carrageenan accounts 13.3% share of the global food & beverage hydrocolloids market. The market is poised to grow its market share to 13.4% by the end of 2018. Substitutes of carrageenan are gelatin, pectin, and guar and xanthan gum comprising 21.5%, 17.7%, 9.9% and 8.0% respectively, of the global food & beverage hydrocolloids market.

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