/PRNewswire/ The global carrageenan market is projected to reach USD 1.18 billion by 2028, according to a new study conducted by Polaris Market Research..
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SAN FRANCISCO, Dec. 14, 2020 /PRNewswire/ The global carrageenan market size is expected
to reach USD 1.17 billion by 2027, according to a new report by Grand View Research, Inc. It is expected
to expand at a CAGR of 5.9% from 2020 to 2027. Carrageenan creates a fatty mouthfeel in food products, thus finds application in the production of vegetable-based dairy alternatives, low-fat cottage cheese, and low-fat cream, among others. The growth of the food and beverage sector, in line with the increasing population and changing consumer eating habits, is expected to fuel industry growth.
Key suggestions from the report:
Europe held the largest revenue share in 2019 on account of favorable government policies, substantial production capacities, and early adoption of carrageenan in the food and beverage sector