Global carrageenan gum market is expected to witness significant growth over the forecast period, owing to increasing demand from meat and dairy industry. The demand for carrageenan gum is characterized by growing global need for emulsifying & gelling agents and food additives in the food & beverage industry. Carrageenan gum acts as emulsifying agents and thus, is widely employed in the manufacturing of sauces, dips, desserts and other dairy products. Furthermore, it is also used in the pharmaceutical and cosmetic industry on account of having hydrocolloids, and this is further expected to drive the market. However, substitutes including xanthan gum, guar gum and cellulose gums having the same as well as modified properties are likely to challenge carrageenan market demand over the projected period. The largest markets for of carrageenan gum market are Europe and Asia Pacific. In Europe, Germany and UK are the largest manufacturers and distributors of the product on account of greater
http://www.grandviewresearch.com/industry-analysis/carrageenan-gum-market
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