Middle East & Africa Carrageenan Market Size & Outlook
Middle East & Africa carrageenan market, 2018-2030 (US$M)
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MEA carrageenan market highlights
- The MEA carrageenan market generated a revenue of USD 49.1 million in 2022.
- The market is expected to grow at a CAGR of 5.6% 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 Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 49.1 million |
| Market revenue in 2030 | USD 75.8 million |
| Growth rate | 5.6% (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, MEA region accounted for 5.6% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Carrageenan Market Scope
Carrageenan Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 56.01% in 2022. Horizon Databook has segmented the Middle East & Africa carrageenan market based on alcohol precipitation, gel press, semi-refined covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa is one of the largest importers of food & beverage products. Rapid population growth, coupled with high consumer disposable income in the region, has resulted in augmenting the demand for quality and natural food ingredient.
However, the manufacturing sector in the region is growing at a faster pace as compared to other regions owing to a high import rates of raw material. As a result, product demand is expected to witness growth at a faster rate as compared to other regions over the projected period.
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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 Middle East & Africa carrageenan market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa carrageenan market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA carrageenan market size, by country, 2018-2030 (US$M)
Middle East & Africa Carrageenan Market Outlook Share, 2022 & 2030 (US$M)
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