Carrageenan Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Carrageenan in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Carrageenan Price Trend for the First Half of 2023

Carrageenans are flexible, naturally sulfated molecules used for various purposes. But famously, it is a good phyto-based gelatin replacement for vegan people. It is used as a thickening and gelling agent for foods and beverages.

Carrageenan prices are driven by its feedstock seaweed prices. Seaweed prices are directly dependent on the yield collected by the seaweed farmers, which ensures market supply. During the discussed period, seasonal and climatic disruptions affected the seaweed crop immensely. Unseasonal and uneven rainfalls created situations of floods in some places and conditions of drought in some, which considerably reduced the seaweed yield.

With curtailed supplies amidst low yields, the upstream costs rose, increasing the overall prices. However, as the demands from the consumption sectors were moderate, a swinging price trend was observed.

Analyst Insight

According to Procurement Resource, the price trends for Carrageenan will continue to fluctuate in the coming months, given the lower yields owing to persistent harsh weather conditions.

Procurement Resource provides latest prices of Carrageenan. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.