Gelymar is a global company involved in the extraction of Kapa II and Lambda Carrageenan. Carrageenans belong to the family of linear sulfated polysaccharides that are extracted from red edible seaweeds. The company caters to the pharmaceutical, food, and personal care industries. It operates through its four manufacturing sites located in Chile and Indonesia, along with its two product technology centers. They also have a strong worldwide distribution network in more than 50 countries. On 21st May 2019, the company completed its investment in two plants, Puerto Montt and Tierra del Fuego, to double its production capacity in southern Chile. This investment will help the company to expand itself in North America and Europe. This is due to the rising awareness about the advantages of seaweed consumption in North American and European countries, which is driving the market for commercial seaweeds. The commercial seaweeds market is dominated by the application of seaweeds in the food products such as cakes, cheese, protein drinks, ice cream, sausages, bread, and jellies; this is due to the high-nutritive values offered them.