Irish Moss Market was treasured at USD 1841.7 Million in 2021 and is projected to show a gripping rise of USD 2811.3 Million with a CAGR of 4.3% during the forecasted period of 2021 to 2028.
Irish Moss: Introduction
Irish Moss is a type of red algae that is found mostly in the western regions of the globe, and they are particularly found on the Atlantic coast of Europe and North America. It’s a remarkably large branched algae with blades that taper into the disc-shaped holdfast.
Its availability in the natural world varies according to climate conditions. It’s available in different shades and intensities of red, greenish-yellow as well as purple-brown. Irish moss serves as a vital source of carrageenan production.
The Global Irish Moss Market Overview:
Irish carrgeen moss is a genus of red algae that is found in abundance along with the rocky areas along the Atlantic coast of Europe and North America. Freshly grown, this algae has soft, cartilaginous with a range of colours ranging from greenish-yellow to red to dark brown or purplish-brown. The primary component is a mucilaginous organism composed of the polysaccharide carbureenan that makes up 55% of the dry weight. Besides, It also contains about 15% dry weight minerals and around10% dry weight protein, and it is high in iodine and sulphur. When it is softened in water, it releases a sea-like scent, and because of the numerous cell wall polysaccharides, it will create a jelly when it is boiled and contains between 20 and 100 times its weight in water.
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Global Irish Moss Market Segmentation
Based on the Product Type the market is further divided as
- Fresh
- Dried
Based on Form the market is further divided as
- Powder
- Flake
- Whole and Others
Market Segmentation by Application
- Clarifying Agent
- Thickener and Binding Agent
- Stabilizer
- Softening and Cleansing Agent
- Detoxifying Agent
- Antimicrobial and antiviral Agent, and Others
Of all types, Thickener and Binding Agent segment is accounted for largest share. These are the substances which are used to enhance viscosity. The growing acceptance of the natural food thickeners is one of the prominent reasons to boost the market.
Market Segmentation by Application by End User
- Food and Beverages,
- Carrageenan Production
- Bakery and Snacks
- Dairy Products
- Soups and Stews
- Dips and Raw Desserts
- Dietary Supplements
- Medicinal
- Personal Care Products, and Others
Market Key players
The market is known by its financial backers or central participants. A few noticeable prominent participants are
- Starwest Botanicals
- The Lubrizol Corporation
- Red’s Kitchen Sink
- Gaia Herbs
- Brouwland bv
- Brupaks
- Seatech Bioproducts Corp
- Holdfast Seaweed LLC
- Qingdao Gather Great Ocean Algae Industry Group CO., LTD
- Irish Seaweeds
Global Irish Moss Market Regional Outlook
Based on the geographical view, the market occupies region such as North America, Europe, Asia pacific, South America, and MEA. North America will continue to dominate the highest position in the market with Canada being the prominent producer of the moss. Irish moss is mostly used in North America due to its unique functional properties.
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Key Questions Answered in This Report:
- How has the global Market performed so far and how will it perform in the coming years?
- What are the key regional Markets?
- What has been the impact of COVID-19 on the global Market?
- What is the breakup of the Market based on the type?
- What is the breakup of the Market based on the application?
- What is the breakup of the Market based on the manufacturing process?
- What is the breakup of the Market based on the price range?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global Market and who are the key players?
- What is the degree of competition in the industry?
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