U.S. Carrageenan Market Size & Outlook, 2022-2030

The carrageenan market in the United States is expected to reach a projected revenue of US$ 194.9 million by 2030. A compound annual growth rate of 4.6% is expected of the United States carrageenan market from 2023 to 2030.
Revenue, 2022 (US$M)
$136.5
Forecast, 2030 (US$M)
$194.9
CAGR, 2023 - 2030
4.6%
Report Coverage
U.S.

U.S. carrageenan market highlights

  • The U.S. carrageenan market generated a revenue of USD 136.5 million in 2022 and is expected to reach USD 194.9 million by 2030.
  • The U.S. market is expected to grow at a CAGR of 4.6% 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.

Carrageenan market data book summary

Market revenue in 2022USD 136.5 million
Market revenue in 2030USD 194.9 million
Growth rate4.6% (CAGR from 2022 to 2030)
Largest segmentSemi-refined
Fastest growing segmentGel Press
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAlcohol Precipitation, Gel Press, Semi-Refined
Key market players worldwideDuPont 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, U.S. accounted for 15.7% of the global carrageenan market in 2022.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. carrageenan market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 111.6 million by 2030.

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Carrageenan Market Scope

Carrageenan market segmentation & scope
Alcohol Precipitation
Gel Press
Semi-Refined
Thickening Agent
Gelling Agent
Stabilizer
Others
Kappa
Iota
Lambda
Bakery
Confectionery
Meat Products
Dairy Products
Sauces & Dressings
Beverages
Others
Pharmaceutical
Personal Care & Cosmetics
Others

Carrageenan Market Companies

Name Profile # Employees HQ Website

U.S. 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 44.69% in 2022. Horizon Databook has segmented the U.S. carrageenan market based on alcohol precipitation, gel press, semi-refined covering the revenue growth of each sub-segment from 2018 to 2030.


  • U.S. Carrageenan Processing Technology Outlook (Revenue, USD MIllion, 2018-2030)
    • Alcohol Precipitation
    • Gel Press
    • Semi-Refined
  • U.S. Carrageenan Function Outlook (Revenue, USD MIllion, 2018-2030)
    • Thickening Agent
    • Gelling Agent
    • Stabilizer
    • Others
  • U.S. Carrageenan Product Outlook (Revenue, USD MIllion, 2018-2030)
    • Kappa
    • Iota
    • Lambda
  • U.S. Carrageenan Application Outlook (Revenue, USD MIllion, 2018-2030)
    • Food & Bevaerage
      • Bakery
      • Confectionery
      • Meat Products
      • Dairy Products
      • Sauces & Dressings
      • Beverages
      • Others
    • Pharmaceutical
    • Personal Care & Cosmetics
    • Others

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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. carrageenan market , including forecasts for subscribers. This country databook contains high-level insights into U.S. carrageenan market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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U.S. carrageenan market size, by processing technology, 2018-2030 (US$M)

U.S. Carrageenan Market Outlook Share, 2022 & 2030 (US$M)

U.S. carrageenan market size, by processing technology, 2018-2030 (US$M)

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