Alginates Market, Size, Share, Market Intelligence, Company Profiles and Trends Forecast To 2027

Global Alginates Market

Alginates are a group of viscous polysaccharides derived from brown seaweeds and produced as an extracellular matrix by some bacterial species. Traditionally, Alginates have been used as thickeners, emulsifiers and stabilising agents in a number of food applications. A number of new food applications are emerging for Alginates, based on their unique biochemical and biophysical   properties.  Alginates is a biomaterial that has found numerous applications in biomedical science and engineering due to its favourable properties, including biocompatibility and ease of gelation. Alginates hydrogels have been particularly attractive in wound healing, drug delivery, and tissue engineering applications to date, as these gels retain structural similarity to the extracellular matrices in tissues and can be manipulated to play several critical roles. Over the last decades, Alginates, natural multifunctional polymers, have increasingly drawn attention as attractive compounds in the biomedical and pharmaceutical fields due to their unique physicochemical properties and versatile biological activities. 

According to a recent study report published by the Market Research Future, The global market of  Alginates has been increasing. The market is expected to grow at a rapid pace during the forecast period (2017 – 2027).  The Alginates Market is forecasted to demonstrate a spectacular growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2027). 

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Global Alginates Market – Competitive Analysis

The Alginates market appears to be highly competitive and fragmented owing to the presence of several large and small key players accounting for a substantial market share. These key players compete based on pricing, and product innovation. Well established players incorporate acquisition, collaboration, partnership, expansion, and product in order to gain competitive advantage in this market and to maintain their market position. Manufacturers are striving to find ways to reduce raw material prices. Raw material suppliers apply the power to determine prices of raw materials, which has an impact on the business.

Global Alginates Market – Synopsis

Alginate is used for substrate of colour paste when applying patterns to print fabrics, scarf, towel, etc. Use of alginate for printing of cotton, jute, rayon is mandatory. Alginate, a seaweed extract, is safer and easier to be decomposed compared with other substrate for textile printing, and gives easier waste water disposal. Alginate is used for the production of welding rod, as a binder of flux. Alginate is used as a binder and thickening agent for pet-food, fish feed, etc. Alginate acid is used in pharmaceutical area with several applications.                                                                                                                 Alginic acid is compounded into tablets to accelerate disintegration of tablet for faster release of medicinal component. Alginate forms gel in the high-acidic stomach and protect stomach mucosa.  Alginate is used in cosmetics area with several applications with its functionality of thickener and moisture retainer. Alginate helps retaining the colour of lipstick on lip surface by forming gel-network.

Key Players

CP Kelco,
Ingredients Solutions Inc.,
Cargill Foods, P.L.
Thomas & Co.,
TIC Gums,
Linyi Viho Chem Co., Ltd.,
Foodchem International Corporation,
Qingdao Tocean Chemical Co., Ltd,
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Global Alginates Market – Regional Analysis

North-America dominated the market for Alginates in terms of demand with the largest market share, accounting for astronomical amounts and is expected to grow further over its previous growth records by 2027, Asia-Pacific is the growing market for Alginates market and is expected to grow at a substantial CAGR from 2017 to 2027.

Europe and Asia Pacific regions being the largest producers of Alginates contribute majority of market share in global level market. In terms of value, it is expected that Europe and North America accounted for a major share in terms of value and also as a lucrative market in near future.

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This release was published on openPR.