(Entertainment-NewsWire.com, January 18, 2017 ) According to the report Carrageenan Market published by Market Data Forecast, the global market is projected to reach USD 962.58 Million by 2021, at a CAGR of 5.4% from 2016 to 2021.
Carrageenan is polysaccharide, consumed as a natural preservative in several food and pharmacological applications. 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.
One of the key drivers of the food grade carrageenan market is the increasing demand of treated foods. With growing awareness about the constituents of processed foods, the demand for organic ingredients is also on escalation. Growing demand for hydrocolloids from several industries such as pharmaceutical, food & beverages, personal care & cosmetics is estimated to complement the market growth over the forecast period.
About Market Data Forecast: Market Data Forecast is a firm working in the areas of market research and business intelligence. We have rich experience in research across major industry segments like Healthcare, Agriculture, Food & Beverages etc. and we cater to the needs of both individual and corporate clients. Our research services contribute to key business areas like business process improvement, key decision making and developing appropriate corporate strategy. We are truly committed to our clients and other stakeholders for providing customized research services of the highest quality all the while being an organisation that’s trusted for its integrity, respected for its accountability, and admired for its excellence, by both clients and competitors alike.
