Carrageenan Market Intelligence

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Subscription Benefits:

  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Carrageenan category?

Are you looking for answers on Carrageenan category?

  • What are the key trends in Carrageenan category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Carrageenan industry?
  • How is Carrageenan industry performing?

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Report Coverage

  1. Carrageenan Market Analysis
  2. Value Chain Analysis
  3. Global Supply–Demand Analysis
  4. Price and Cost Analysis

Production Size

Global Production Size/ Capacity

2.72 MMT

Philippines

Production Share: 77 percent

Growth Rate

2.85 percent

Table of Contents

  1. Executive Summary
  2. Supply/Demand
  3. Price Drivers
  4. COVID Impact
  1. Carrageenan Market Analysis
  2. Value Chain Analysis
  3. Global Supply–Demand Analysis
  4. Price and Cost Analysis
  5. Industry Analysis

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Carrageenan Global Market Outlook:

GLOBAL HYDROCOLLOIDS MARKET (2019)

  • Global Market Size: 2.72 MMT
  • Supply Growth Rate: 2.85 percent

Porter's Analysis on Carrageenan

Supplier Power

  • Carrageenan constitute to a cardinal part to the carrageenan seaweed farmers
  • Prices of seaweed determine the prices of final carrageenan sold to end-users
  • Farmers and respective associations have an upper hand in determining the prices

Barriers to New Entrants

  • Access to feedstock is limited, as it is grown mainly in Indonesia and the Philippines
  • There is only minor differentiation in the quality among the different brands of Carrageenan, hence, creating less price premiums
  • Thus, barriers to new entrants in the carrageenan industry are strong

Intensity of Rivalry

  • There is a huge number of carrageenan manufacturers concentrated in China, Europe, Philippines, Indonesia, and India
  • Limited product differentiation results in lower profit margins for the sellers
  • Lower switching cost results in competitive pricing in the industry

Threat of Substitutes

  • Agar is the best substitute for carrageenan. Although it has superior qualities, it is more than twice the cost of SRC and not widely available, like carrageenan
  • Other potential substitutes include guar gum and xanthan gum

Buyer Power

  • The growth of carrageenan depends mainly on the growth of its end-user industries, like the processed foods, dairy, etc.
  • The cost of carrageenan accounts only for a small portion in the end product
  • The switching cost for the buyer is relatively lower, as there is limited product differentiation among the various grades of carrageenan

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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Complimentary 12-month access to Beroe LiVE

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