Global Carrageenan Gum Market to Soar at Moderate CAGR of 4.3% during 2016-2024
According to the report, titled “Carrageenan Gum Market: Global Industry Analysis and Opportunity Assessment, 2016-2024,” the common fallacy that renders carrageenan gum as harmful ingredient has been instrumenting the decelerated growth in its global sales. Misconceptions arising from ambiguous status of carrageenan gum as a viable food ingredient has restrained the market from attaining a steady growth. The global carrageenan gum market, which is presently valued over US$ 700 million, is hence anticipated to register a 4% CAGR and bring in close to US$ 1 billion by the end of 2024.
According to the report, titled “Carrageenan Gum Market: Global Industry Analysis and Opportunity Assessment, 2016-2024,” the common fallacy that renders carrageenan gum as harmful ingredient has been instrumenting the decelerated growth in its global sales. Misconceptions arising from ambiguous status of carrageenan gum as a viable food ingredient has restrained the market from attaining a steady growth. The global carrageenan gum market, which is presently valued over US$ 700 million, is hence anticipated to register a 4% CAGR and bring in close to US$ 1 billion by the end of 2024.
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<strong>Carrageenan</strong> <strong>Gum</strong> <strong>Market</strong><br />
<strong>Global</strong> <strong>Carrageenan</strong> <strong>Gum</strong> <strong>Market</strong> <strong>to</strong> <strong>Soar</strong> <strong>at</strong> Moder<strong>at</strong>e <strong>CAGR</strong> <strong>of</strong> <strong>4.3%</strong> <strong>during</strong> <strong>2016</strong>-<strong>2024</strong><br />
In spite <strong>of</strong> recording global sales <strong>of</strong> over 60,000 metric <strong>to</strong>nnes in <strong>2016</strong>, Future <strong>Market</strong> Insights predicts<br />
th<strong>at</strong> the global demand for carrageenan gum will witness a considerable decline. A l<strong>at</strong>est research report<br />
published by Future <strong>Market</strong> Insights projects th<strong>at</strong> by the end <strong>of</strong> <strong>2024</strong>, the global consumption <strong>of</strong><br />
carrageenan gum would have soared moder<strong>at</strong>ely <strong>at</strong> <strong>4.3%</strong> <strong>CAGR</strong> and surpassed 88,000 metric <strong>to</strong>nnes. The<br />
report further reveals the real reason behind sluggish sales <strong>of</strong> carrageenan gum in the world.<br />
According <strong>to</strong> the report, titled “<strong>Carrageenan</strong> <strong>Gum</strong> <strong>Market</strong>: <strong>Global</strong> Industry Analysis and Opportunity<br />
Assessment, <strong>2016</strong>-<strong>2024</strong>,” the common fallacy th<strong>at</strong> renders carrageenan gum as harmful ingredient has<br />
been instrumenting the deceler<strong>at</strong>ed growth in its global sales. Misconceptions arising from ambiguous<br />
st<strong>at</strong>us <strong>of</strong> carrageenan gum as a viable food ingredient has restrained the market from <strong>at</strong>taining a steady<br />
growth. The global carrageenan gum market, which is presently valued over US$ 700 million, is hence<br />
anticip<strong>at</strong>ed <strong>to</strong> register a 4% <strong>CAGR</strong> and bring in close <strong>to</strong> US$ 1 billion by the end <strong>of</strong> <strong>2024</strong>.<br />
Limited availability <strong>of</strong> raw carrageenan is also expected <strong>to</strong> keep curbing the production <strong>of</strong> carrageenan<br />
gum in the world. A majority <strong>of</strong> carrageenan gum produced across the globe gets consumed by food and<br />
beverage manufacturers.<br />
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