Analysis of Carragean Alternatives market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Carragean alternatives are emulsifier, thickener, and preservative used for thickening, emulsifying, and preserving foods and beverages.
Growing demand for gelling agents and thickeners from the food and beverage, pharmaceutical, cosmetics and personal care industries is expected to drive the carragean alternatives market, especially in Asia Pacific's emerging economies.
Thickening agents, gelling agents, film-formers, texturizing agents, and stabilizing agents are used in a variety of food industry, like bakery and confectionery, dairy and meat products, dressings, sauces and beverages.
Furthermore, these days majority of customers favor organic and nutritious foods. The rise in demand for carrageenan alternatives is due to a growing preference for products made with natural and healthy ingredients.
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Carrageenan is a natural food additive used as a gelling agent and to enhance mouthfeel in commercially processed foods. But various cases of side effect associated with carrageenan has been reported since 1960.
Some evidence suggests that carragean triggers gastrointestinal ulceration, inflammation and that it harms the digestive system
Consumers from all around the globe specifically the developed nations like the US and Europe have petitioned for carragean containing items to be labelled with a notice or to be withdrawn altogether. Due to which organizations are taking prominent steps.
For instance-2016, carragean was voted out to be removed by the National Organic Standards Board from their approved list. Ensuring that foods containing carragean cannot be classified as "USDA organic."
Moreover, the rising awareness regarding the negative health impacts of the consumption of carragean is indirectly catering to the growth of carragean alternatives.
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Agar powder, also known as agar powder or just agar, is a form of agar. It's a seaweed extract with gelling properties, similar to carrageenan, thanks to its high soluble fiber content.
Carrageenan is made from the same form of seaweed that is used to make agar agar. Another significant similarity is that agar agar powder is derived from a herb, making it an excellent vegan gelling agent. Therefore its demand by the vegan population is growing exponentially.
Gelatin an animal-derived gelling agent is a very common carragean alternative as the textures of gelatin and carrageenan are remarkably similar, also gelatin is easily available in supermarkets and retail shops making it an ideal substitute.
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In the global economy, North America accounted for a large share, as the demand for convenience and packaged food products is highly in demand in the US and Canada.
Meanwhile, consumers' rising hygiene awareness and beauty consciousness are key factors driving industry development in the US and Canada. Increased spending on high-quality, natural personal care and beauty products by urban consumers is expected to boost the carragean alternatives industry's growth.
Europe is projected to be a huge opportunity for carragean alternatives, as unflavored gelatin can be sold and found in most European grocery stores and is relatively inexpensive. It's a good carrageenan substitute just based on availability, as carrageenan isn't always easy to come by in the region.
The Asia Pacific is projected to be a large market as agar agar a common carragean alternatives is most commonly used in Asia, and it is the ingredient that gives Asian jelly candies their distinct texture.
These candies are common in many Asian countries, and they have a texture similar to gelatin-based desserts in the west, but without temperature sensitivity.
Some key manufacturers operating the business in the carragean alternatives market globally include
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - Although care has been taken to maintain the highest levels of accuracy in Fact.MR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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The carragean alternatives market is valued at US$ 865.28 Million.
The carragean alternatives market is likely to register a CAGR of 4% during the forecast period.
The North America holds most opportunities the carragean alternatives market.
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