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Carrageenan Market Overview:

Carrageenan products can be utilized as texturizing and stabilizing agents, as well as in bread and confectionery items, meat, dairy products, dressings, and sauces. Gelling agents are favored by the target population because they are simple and convenient to use. Customers are also opting for major and global demand for carrageenan items as a result of increased awareness.

The Carrageenan Market is expected to reach a market valuation worth USD 1.494 billion by the end of the forecast period. The expected CAGR for the market during the forecast period stands at 5.80%. The primary driver of market expansion is rising awareness and demand for thickeners and gelling agents, particularly in the pharmaceutical, personal care, and cosmetics industries, as well as the food and beverage industries in various countries.

Companies and their units are taking time to react to the new change and build growth and development strategies in…