Gelling Agent - Carrageenan Market Statistics
The global gelling agent carrageenan market size was valued at US$ 310.7 million in 2022 and is estimated to grow at a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030.
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Gelling Agent - Carrageenan Market Outlook Highlights
- The global gelling agent segment generated a revenue of USD 310.7 million in 2022 and is expected to reach USD 477.6 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.4% by 2030.
- In terms of region, Europe was the largest revenue generating market in 2022.
- Country-wise, South Korea is expected to register the highest CAGR from 2023 to 2030.
Market summary
| Market revenue in 2022 | USD 310.7 million |
| Market revenue in 2030 | USD 477.6 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
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