Press release
lobal Propylene-Glycol Alginate Market Insights and Forecast to 2028
Propylene-Glycol Alginate MarketDue to the COVID-19 pandemic, the global Propylene-Glycol Alginate market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period.
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Propylene-Glycol Alginate Market Trends
The Propylene-Glycol Alginate (PGA) market is growing due to increasing demand for natural and safe food additives. PGA is a food grade thickener, stabilizer, and emulsifier that is derived from seaweed, making it a popular alternative to synthetic additives.
In terms of application, the PGA market can be segmented into food and beverages, pharmaceuticals, and others. The food and beverage sector is expected to hold a larger share of the market due to the increasing demand for natural and safe food additives.
Geographically, Asia-Pacific is expected to be the largest and fastest-growing PGA market due to the presence of large food and beverage industries, increasing consumer awareness about the benefits of natural food additives, and the growth of the food and beverage sector.
Overall, the PGA market is expected to show steady growth over the coming years, driven by increasing demand for natural and safe food additives, and the advantages offered by PGA over synthetic additives.
By Type
• Powder
• Colloid
By Application
• Thickener
• Stabilizer
• Emulsifier
• Others
By Companies
• Kimica
• Fuji Kasei
• IRO Alginate Industry
• Qingdao Allforlong Biotech
• FMC BioPolymer
• Shandong Jiejing Group
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-3G8768/global-propylene-glycol-alginate
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