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Food Grade Carrageenan Market to Reach USD 2.6 Billion by 2034, Exhibiting a Steady 7.1% CAGR Growth | Future Market Insights, Inc. [Yahoo! Finance]

Ashland Inc. (ASH) 
Last ashland inc. earnings: 1/27 05:00 pm Check Earnings Report
US:NYSE Investor Relations: investor.ashland.com/investor-relations
Company Research Source: Yahoo! Finance
Its use in dairy, processed meats, and sauces supports market expansion as health-conscious consumers seek functional products. NEWARK, Del, Nov. 06, 2024 (GLOBE NEWSWIRE) -- The global food grade carrageenan market will reach a valuation of USD 1.3 billion in 2024, attributed to factors such as emerging markets for processed foods. The trend is set to create new opportunities for the market, leading to a projected CAGR of 7.1% between 2024 and 2034, and reaching a total valuation of approximately USD 2.6 billion by 2034. There is a growing demand for food products that cater to specific health needs, such as reduced fat or sugar free options, with an aging population globally. Carrageenan enables the formulation of such products while maintaining desired sensory properties. The development of clean meat alternatives, such as cultured meat and plant based meat substitutes, presents an opportunity for carrageenan as an ingredient to enhance texture and juiciness, mimicking the se Show less Read more
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