Alginate Market Outlook
Alginates refer to naturally occurring anionic polymers that are generally obtained from the cell walls of brown algae. They are made up of uronic acids, such as d-mannuronic acid (M) and l-guluronic acid (G). Alginates are commonly available in granular forms of calcium, potassium, propylene glycol and sodium alginate, which are further utilized as emulsifiers, thickeners, stabilizers, and acidity regulators.
The global alginate market growth rate is expected to exhibit a CAGR of 4.6% during 2022-2027. Looking forward, IMARC Group expects the global market to continue its robust growth during the forecast period (2022-2027).
They also exhibit healing properties, low toxicity, high biocompatibility, and cost-effectiveness. Consequently, alginates find extensive applications across the cosmetics, dental, printing, textile, food and pharmaceutical industries.
Alginate Market Trends:
The global alginate market is primarily being driven by the increasing product demand in the food and beverage industry. Alginate is widely used to coat fruits and vegetables while acting as a natural additive in ready-to-eat (RTE) food products. Moreover, the rising product application in the healthcare industry for casting dental molds and manufacturing wound dressings due to its high fluid absorption capacity and porous structure is providing an impetus to the market growth.
Other factors, including increasing consumer preference for plant-based food and the widespread product utilization in the textile industry for printing and dyeing applications, are further creating a positive outlook for the market.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Algaia SA (Maabarot Products Ltd.)
- Compañia Española de Algas Marinas (CEAMSA)
- DuPont De Nemours Inc.
- Ingredients Solutions Inc.
- IRO Alginate Industry Co. Ltd.
- KIMICA Corporation
- Marine Biopolymers Limited
- Shandong Jiejing Group Corporation
- SNAP Natural & Alginate Product Pvt. Ltd.
- SNP Inc.
Key Market Segmentation:
The report has categorized the market based on type, product and application.
Breakup by Type:
- High M
- High G
Based On Product:
- Sodium Alginate
- Calcium Alginate
- Potassium Alginate
- Propylene Glycol Alginate
Breakup by Application:
- Food and Beverages
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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