Carrageenan Price Trend and Forecast
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.
Carrageenans are natural sulfated polysaccharides, highly flexible molecules that form curling helical structures. Carrageenan is extracted from a red seaweed commonly known as Irish Moss. This edible seaweed is native to the British Isles and has been used in cooking for hundreds of years, and it's also widely used in the food industry as a thickener and gelling agent. Unlike gelatin, which is made from animal products, Carrageenan is appropriate for vegans.
Report Features | Details |
Product Name | Carrageenan |
HS CODE | 13023290 |
CAS Number | 9000-07-1 |
Industrial Uses | Thickener, Gelling Agent, Processed Foods, Biotechnology, Lubricants, Beverages |
Chemical Formula | C23H23FN4O7Zn |
Synonyms | Condrus crispus, Irish Moss |
Molecular Weight | 551.83 g/mol |
Supplier Database | MCPI Corp (Philippines), Marcel Carrageenan (Philippines), PT Fortuna Cahaya Cemerlang (Indonesia)., Ina Food Industry Co. Ltd (Japan), Caldic BV (Netherlands) |
Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
Currency | US$ (Data can also be provided in local currency) |
Supplier Database Availability | Yes |
Customization Scope | The report can be customized as per the requirements of the customer |
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The seaweed is harvested and dried, then sent to the industrial manufacturer. The seaweed is grounded into powder, sifted to remove impurities like sand and dirt, and then washed thoroughly. This intermediate product is then treated with a hot alkali solution, and the cellulose is removed via filtration and centrifugation. The resulting solution is evaporated to obtain the desired outcome.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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