Alginate Market by Top Key Industry Players: KIMICA Corporation, Mytech, Inc, Shandong Jiejing Group Corporation, SNP Inc., Dohler Group, Algea Produkter AS, Qingdao Fengrun Seaweed Company, Compaa espaola de algas marinas S.A., Cargill Inc., IRO Alginate

Global Alginate Market size is poised to grow at a high CAGR from 2018 to 2024. Alginate or alginic acid is an anionic polysaccharide apportioned widely in the cell walls of brown algae, that binds with water to form a viscous gum. Brown seaweed contains mixed alginic acid salts, that are the basic raw materials used in the manufacturing of the product. Its color ranges from white to yellowish brown. It is commonly sold in filamentous and granular forms. the product is said to quickly absorbs in water, which makes it a useful additive in desiccated products such as slimming aids, as well as in manufacturing of textiles and papers. The product is a colloidal material that is generally obtained from natural seaweeds majorly used in processed food.

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The key factors driving the global alginate market growth includes elevated demand from various sectors especially food and textile industry, mounting applications, rise in industrialization, increasing awareness among the end users, constant developments and innovation etc. In addition, the textile industry is resorting it to carry out processes like dyeing, printing, and designing on cotton as well as jute fabrics. Furthermore, it also finds its application as binding agent for repairing rods as well as in the preparation of animal feed are other factor that supplement the growth of alginate market.

Whereas on the other hand, the expensive cultivation of brown seaweeds and the potential side effects caused due to an alginic acid such as abdomen swelling will likely to restrain the alginate market. However, the product will gain huge popularity across various sectors due to diversified applications.
The global alginate market could be segmented into its, form product type, application, end-user and geography. By form the product is classified into filamentous and powdered form.

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The rapid growth of end-use verticals such as food and beverage industry in Europe and North America regions especially in Canada, the U.S., Germany, U.K., Spain, France, and Italy will drive the global alginate market. Growing demand in the pharmaceutical sector and rising consumption of packaged food among the consumers owing to industrialization, urbanization, growing population will propel the alginate market growth in Asia Pacific region.

Top key players:

The alginate market competitive landscape includes key players such as DuPont, KIMICA Corporation, Mytech, Inc, Shandong Jiejing Group Corporation, SNP Inc., Dohler Group, Algea Produkter AS, Qingdao Fengrun Seaweed Company, Compaa espaola de algas marinas S.A., Cargill Inc., IRO Alginate, Allforlong Bio-Tech, FMC Corporation, Ingredients Solutions Inc., Protan AS to name a few. In order to attain a dominant position in the global market, these players are focusing on research and development activities to introduce technological advancement and innovation.

Market share calculation in this report is not done based on companies covered in it. The calculation of alginate market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

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