Alginate Market to Observe Prominent CAGR Growth of 4.5% by 2029, Size, Share, Trends, Demand, Growth, Challenges and Competitive Outlook

An international Alginate Market research report performs the methodical and comprehensive market research study that puts forth the facts and figures linked with any subject about Alginate Market industry. The forecast, analysis, evaluations and estimations carried out in this report are all based upon the well-established tools and techniques such as SWOT analysis and Porter's Five Forces analysis. This marketing report acts as a great support to any size of business whether it is large, medium or small. Alginate Market report is built with the most excellent and superior tools of collecting, recording, estimating and analyzing market data of Alginate Market industry.

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Global Alginate Market Analysis and Size

The increasing consumer preference for food and cosmetics produced from natural and healthy ingredients has largely boosted the alginate demand across the globe. Moreover, the extensive adoption of alginate due to their usage across various end uses is driving vendors to increase their geographic presence, boosting the alginate market's expansion. These growth determinants have further helped the market to gain growth.

Global Alginate Market was valued at USD 390.78 million in 2021 and is expected to reach USD 556.8 million by 2029, registering a CAGR of 4.5% during the forecast period of 2022-2029. The "calcium alginate" accounts for the largest salt type segment in the alginate market, due to its extensive adoption in wound dressings. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Global Alginate Market Definition

Alginate is an ionic polymer found in brown algal cell walls that binds to water and produces a sticky gum. Mixed alginic acid salts, which are the principal raw materials utilized in product manufacturing, are found in brown seaweed. It ranges in colour from white to yellowish brown. It's commonly sold in granular and filament form. The substance is believed to be easily absorbed in water, making it a helpful ingredient in slimming aids and dehydration solutions for textile and paper manufacturing. The product is a colloidal material made from natural seaweed that is mostly utilized in processed goods.

Some of the major players operating in the alginate market are

DuPont (U.S.)
KIMICA (U.S.)
Qingdao Rongde Seaweed Co., Ltd. (China)
Prestige Consumer Healthcare Inc. (U.S.)
Cargill, Incorporated (U.S.)
Shandong Jiejing Group (China)
Prinova Group LLC (U.K)
Algaia (France)
CEAMSA (Spain)
CP Kelco U.S., Inc. (U.S.)
Ingredients Solutions, Inc. (U.S.)
Snapalginate (India)
IRO Alginate Industry Co., Ltd (China)
A2 Trading GmbH (Germany)
Drivers
Increased Usage in Applications

Alginates are becoming highly popular as they are the commonly used thickening and gelling agents across various end users. Increased demand for sweetened confectionery goods has directly impacted gelling agent sales around the world. The utilization of alginates across textile industry for printing, designing and dyeing on cotton and jute fabrics also acts as a market driver. They are also employed in personal care products, there is a high demand for them on the market. The increased usage of the alginates is anticipated to be the most significant factor driving the growth for this market.

The major element driving the market's growth is the raising awareness among end-users. Additionally, the continuous growth and innovation and beverage owing to the benefits is estimated to bolster the market's overall growth. Furthermore, the increased recognition of its multifunctional properties as it enhances the texture of food recipes and is used as thickening and gelling agent, emulsifier, and stabilizer, further increasing the demand for organic and premium products fuels the market growth. Growing demand for convenience foods, dairy and processed meat products also cushions the market's growth within the forecasted period.

Global Alginate Market Scope

The alginate market is segmented on the basis of salt type, type, end use and functional use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Salt Type

Propylene Glycol Alginate
Magnesium
Lithium
Ammonium Alginate
Calcium Alginate
Potassium Alginate
Sodium Alginate

On the basis of salt type, the alginate market is segmented into propylene glycol alginate, magnesium, lithium, ammonium alginate, calcium alginate, potassium alginate and sodium alginate. The calcium alginate segment is projected to register largest market share due to its extensive adoption in wound dressings.

Type

High M
High G

On the basis of type, the alginate market is segmented into high M and high G.

End Use

Leisure Industry
Technical Industry
Textile and Paper Industry
Art and Crafts
Cosmetics
Pharmaceuticals
Food Industry

On the basis of end use, the alginate market is segmented into leisure industry, technical industry, textile and paper industry, art and crafts, cosmetics, pharmaceuticals and food industry.

Functional Use

Foaming and Emulsifying Agent
Stabilizer
Coating
Adhesive
Gelling Agent
Thickening Agent
Moisture Retainer

On the basis of functional use, the alginate market is segmented into foaming and emulsifying agent, stabilizer, coating, adhesive, gelling agent, thickening agent and moisture retainer.

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