CARRAGEENAN GUM MARKET ANALYSIS

Carrageenan Gum Market, By Type (Kappa Carrageenan, Iota Carrageenan, and Lambda Carrageenan), By Application (Food & Beverages, Personal Care & Toiletries, Pharmaceuticals, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa).

In July 2021, the biotechnology company Biosearch Life was acquired by Kerry Group in order to grow its business in the food additive industry. Kerry Group's worldwide ProActive health platform will include Biosearch as a source of "science-backed branded ingredients." Kerry Group plc is a public food company headquartered in Ireland. It is quoted on the Dublin ISEQ and London stock exchanges.
In June 2021, CP Kelco, a producer of gellan gum, pectin, xanthan gum, carrageenan and other hydrocolloids for the food, beverage, and consumer products industries, announced the extension of its distribution chain with Azelis, a service provider in the specialty chemicals and food ingredients industry, in India, Malaysia, Indonesia, and Thailand. Azeli’s diverse product range and a proven growth track record make them a good distributor of choice for CP Kelco to expand its operations to other countries across the world. Through this partnership, Azelis will distribute the complete range of CP Kelco’s products.