Asia Pacific Carrageenan Market Size & Outlook, 2022-2030
Asia Pacific carrageenan market, 2018-2030 (US$M)
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Asia Pacific carrageenan market highlights
- The Asia Pacific carrageenan market generated a revenue of USD 242.5 million in 2022.
- The market is expected to grow at a CAGR of 6.1% from 2023 to 2030.
- In terms of segment, semi-refined was the largest revenue generating processing technology in 2022.
- Gel Press is the most lucrative processing technology segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 242.5 million |
| Market revenue in 2030 | USD 388.7 million |
| Growth rate | 6.1% (CAGR from 2022 to 2030) |
| Largest segment | Semi-refined |
| Fastest growing segment | Gel Press |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Alcohol Precipitation, Gel Press, Semi-Refined |
| Key market players worldwide | DuPont de Nemours Inc, Ingredion Inc, Ashland Inc, CP Kelco, Cargill, 374Water Inc, Accell, Bluglass Ltd, MGP Ingredients Inc, Anglo-Eastern Plantations PLC, Trailbreaker Resources Ltd, Tate & Lyle PLC |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 27.8% of the global carrageenan market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 388.7 million by 2030.
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Carrageenan Market Scope
Carrageenan Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific carrageenan market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to carrageenan market will help companies and investors design strategic landscapes.
Semi-refined was the largest segment with a revenue share of 58.23% in 2022. Horizon Databook has segmented the Asia Pacific carrageenan market based on alcohol precipitation, gel press, semi-refined covering the revenue growth of each sub-segment from 2018 to 2030.
The Carrageenan market is booming in Asia Pacific region due rising demand for food and beverage industry. Over the past few years, manufacturers have been forced to place a greater emphasis on product innovation due to rising consumer demand for "cleaner label" food goods. During the projection period, this is anticipated to fuel the carrageenan industry in the area.
The presence of a sizable consumer population and end-use industries, the demand for carrageenan is growing in the area. The abundance of raw materials, large production capacities, and improved economic efficiency of the products are primarily to blame for the market development in this area. Biotechnology advancements and inexpensive skilled labor are two rising trends.
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Target buyers of Asia Pacific carrageenan market databook
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Our clientele includes a mix of carrageenan market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific carrageenan market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific carrageenan market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific carrageenan market size, by country, 2018-2030 (US$M)
Asia Pacific Carrageenan Market Outlook Share, 2022 & 2030 (US$M)
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