(Entertainment-NewsWire.com, June 17, 2017 ) Market Data Forecast recently published a report on the North America Carrageenan Market which estimates the market to grow from USD 199.8 million from 2016 to USD 250.18 million with a high CAGR of 4.6%.
North America imports Carrageenan mainly from China, Indonesia and Philippines because of the easy availability of the Sea weed.
Carrageenan is polysaccharide, consumed as a natural preservative in several pharmacological and food applications. Carrageenan comes under the family of linear sulphated polysaccharides which are taken out from red edible seaweeds and are bulkily used in the food industry.
The DROC Analysis contains some of the factors that have major effects on the market dynamics be it positive or negative. The demand for Carrageenan has reduced as customers have inclined more towards alternatives such as SRC Grade food and RC Gel pressed products. As large choice desires non vegetarian food therefore, there is a great demand for meat, hence fueling this market. The accessibility of alternatives such as agar, a jelly like material has made the carrageenan market down.
The products are segmented based on Type, Application, Grade, and Seaweed Source and studied for a deep-level understanding of the Carrageenan Market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
Market Segmentation:
Based on Type: Kappa Lota Lambda
Based on Application: Food Industry o Dairy o Meat o Beverages o Pet Food Pharmaceutical Industry Cosmetics Industry
Based on Grade: Refined Carrageenan Semi Refined Carrageenan
Based on Seaweed Source: Gigartina Chondrus Iridaea Eucheuma
Geographically the market is segmented into USA and Canada. Owing to the varied applications of Carrageenan in dairy, pet foods, and meat the US has developed an ample market for Carrageenan and its value has augmented greatly in the last few years.
As per the report, companies like AEP Colloids, Shemberg Marketing Corporation, Soriano SA, Ingredients Solutions Inc., TIC Gums Incorporation, Gum Technology Corporation, Marcel Trading Corporation, Danisco A/S, Scalzo Food Industries, Altrafine Gums, Gelymar SA, DuPont (U.S.), Cargill (U.S.), TIC Gums (U.S.), Tate & Lyle (U.K.), Kerry Group (Ireland), Ingredion (U.S.), CP Kelco (U.S.), and Ashland Inc (U.S.).
Scope of the North America Carrageenan Market:
• Regional and country-level analysis that provides an innate perspective of USA and Canada Market to that of the North American region • To detect major focus areas of industrial growth Segment-level analysis on basis of Type, Application, Grade, and Seaweed Source along with market size forecasts and y-o-y estimations are provided • Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics • PESTLE and Porter’s Five Forces Analyses that examine the macro & micro environmental factors such as political influence, technological prowess, industry rivalry to name a few. • An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment • Mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape • Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Market Data Forecast: The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the client’s research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering North America among other regions of the global market as well. For more info kindly visit, www.marketdataforecast.com
