Irish Moss Market Size By Product (Fresh, and Dried), By Form (Powder, Flake, Whole, and Others), By Application (Clarifying Agent, Thickener and Binding Agent, Stabilizer, Softening and Cleansing Agent, Detoxifying Agent, Antimicrobial and antiviral Agent, and Others), 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) Forecasts By 2028
- PUBLISHED ON
- 2024-07-10
- NO OF PAGES
- 245
- CATEGORY
- Retails & Consumer
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 or Carrageenan is a class of red algae which cultivates lavishly along the craggy parts of Atlantic coasts of Europe and North America. The principal constituent is mucilaginous body, which is made from polysaccharide carrageenan, that constitutes 55% of its dry weight. It also comprises 10% of dry protein weight and 15% of mineral matter. The Irish moss is rich in iodine and sulphur which is the another benefit for your health.
Irish moss has significant health benefits. For instance, sea-weed is rich in iodine, which is a vital nutrient for thyroid. Iodine helps to the thyroid glands to produce hormones which control the metabolism, nerves and bone growth.
Depending on the climatic conditions its availability differs. It is available in various colours such as greenish-yellow, red and purple-brown etc.
Market Drivers & Restraints
Irish moss or what it is known as Chondrus crispus, is a species of red algae which grows copiously on rocky parts of Atlantic coast of Europe and North America. When the moss is in fresh condition its texture is soft and cartilaginous, varying in colour from a greenish-yellow, through red to a dark purple or purplish brown.
Chondrus crispus or Irish moss is a small alga which is 20 cm in length and grows from a discoid holdfast (root like structure that anchors aquatic sessile organisms such as seaweed or other sessile algae.
The Irish moss is found commonly around the shores of Ireland and along the coast of Europe including Iceland, the Faroe Islands. Additionally, it’s also discovered in the western Baltic Sea to southern Spain, from Atlantic coasts of Canada to California in the United States and Japan.
Despite of the name, Irish moss or Chondrus crispus isn’t a moss, it’s a type of seaweed or algae. Irish moss plays a vital role as an ingredient in many industries, yet one of the prominent uses is in food.
Irish moss is mostly made up of jelly-like substance known as carrageenan which makes moss the most vital ingredient. Carrageenan acts a vegetarian substitute for gelatine or as a general emulsifier, hence can be found in ice-cream to infant formulae.
Moss is a kind of algae that is grown in western parts of the world mainly on coastal side of Europe and North America. Due to its vast availability, it has gained popularity which is a positive trend for the market growth.
Moss is used in variety of products such as, Clarifying Agent, Thickener and Binding Agent, Stabilizer, Softening and Cleansing Agent, Detoxifying Agent, Antimicrobial and antiviral Agent, and Others. This factor is driving up the market.
Moreover, the Irish moss has healing effects or in case of radiation and has opened up opportunities for the Irish moss in dietary supplements. Its vitamin and anti-oxidants rich ingredients twining with anti-viral properties, has encouraged cosmetic manufacturers, specifically skin care product manufacturers to include Irish moss in skin creams. This has boosted the market growth.
Restraints
Although moss has many health benefits to offer some studies have noticed its negative effects too.
It has been noticed that the Irish moss can cause inflammation of the intestines causing nutrition absorption problem. It has also been observed that Irish moss can cause stomach lesions and ulcers leading to stomach cancer. This is one factor that is affecting the growth of the market.
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
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.
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size and growth projections?
Global 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.
What are the drivers shaping various markets?
Moss is used in variety of products such as, Clarifying Agent, Thickener and Binding Agent, Stabilizer, Softening and Cleansing Agent, Detoxifying Agent, Antimicrobial and antiviral Agent, and Others. This factor is driving up the market.
Who are the key competitors of market Players?
Some of the major players operating within the market 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.
What are the top performing segments, and countries / regions of each of the markets?
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.
}})
Select a license type that suits your business needs
US $3499
Only Three Thousand Four Hundred Ninety Nine US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $4499
Only Four Thousand Four Hundred Ninety Nine US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $5499
Only Five Thousand Four Hundred Ninety Nine US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI