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).

Published In : Feb 2025

Code : CMI3443

Pages :120

Formats :

Excel and PDF

Industry : Food and Beverages

Carrageenan Gum Market Size and Trends

The carrageenan gum market is estimated to be valued at USD 982.5 Mn in 2025 and is expected to reach USD 1,337.9 Mn by 2032, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2025 to 2032. Factors such as increasing applications in the food and beverages industry and personal care products has been the major growth driver for the market.

Carrageenan Gum Market Key Factors

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The demand for carrageenan gum has been increasing in the recent years owing to growing awareness regarding healthy and natural ingredients. Carrageenan gum provides texture, stabilization, and viscosity properties making it an essential ingredient in a variety of products. The shift towards plant-based and vegan food products has further boosted the consumption of carrageenan gum globally.