Alginate Market to Record 4.6% CAGR Through 2027

SHARE THIS ARTICLE

The global Alginate market size is expected to be worth around US$ 1.01 billion by 2027, according to a new report by Vision Research Reports.

The global Alginate market size was valued at US$ 706.8 million in 2019 and is anticipated to grow at a CAGR of 4.6% during forecast period 2020 to 2027.

Get Sample Copy of This Report (Including TOC, List of Tables & Figures, and Chart)@ https://www.visionresearchreports.com/report/sample/35933

Alginate Market Size, Share, Growth, Trends, Company Analysis, Regional Insights and Forecast 2020 – 2027 – Breakdown Data by Regions, Type, Manufacturers and Applications

Growth Factors

Increasing product demand from the processed food industry as a superior thickening and is expected to augment the growth of the market.

Growth of the food and beverage industry in BRICS and the Middle East owing to increasing domestic consumption is anticipated to heighten the consumption of alginates. Increasing demand for convenience foods on account of the rising affinity of the consumers towards the consumption of these products is expected to further promote the market growth over the forecast period.

Propylene glycol alginate is expected to register high gains on account of its increasing use in the beer manufacturing industry, primarily for stabilization of beer foam. Therefore, rising consumption of beer across the globe due to the surge in female drinkers and expansion of the retail network in developing regions are expected to increase the demand for alginate in the coming years.

Alginate finds broad application in the pharmaceutical sector and acts as an emulsion stabilizer, thickening agent, disintegrant, and film-forming agent for tablets. Rising demand for alginate in the tablet coatings on account of superior performance characteristics is expected to fuel the product demand over the forecast period.

Report Highlights

High G led the market and accounted for more than 52.0% share of the global revenue in 2019. High adoption of high G type alginate by food and beverage manufacturers on account of its excellent emulsion stabilization and superior gelling performance is contributing to the growth of the segment.

High M alginates are products with a higher percentage of mannuronic acid blocks. The product contains all three types of blocks, including MM, GG, and MG, with the performance influenced by the composition of the product. Differences in molecular appearance and structure affect the gel formation characteristics.

The difference in the properties of the product types is primarily due to the raw material used for production. Alginates with high M groups exhibit a flat ribbon-like structure, which is primarily responsible for the superior gelling properties of the product. The extent of high G type blocks in the product determines the viscosity, which, in turn, determines the product usage for various applications.

Sodium alginate led the market and accounted for 41.2% share of the global volume in 2019 on account of its high utilization in preparing various food products, including sauces, dressings, whipped cream, and jellies. The product imparts superior stability to the dairy products, such as refined and dry cheese, and is used to prevent the cracking of icing on cakes and pastries.

The use of calcium alginate in the pharmaceutical industry accounts for a high consumption volume of the product. The demand for calcium alginate is likely to be driven by the rising use in wound care and wound dressing. In addition, calcium alginate fibers are used to accelerate wound healing and are primarily used for wounds that exhibit drainage or fluid excretion.

The industrial application segment led the market and accounted for 39.1% share of the overall revenue in 2019. The products are used in the welding industry as a binder to hold the wet mass formed by the addition of sodium silicate to welding coatings. The alginates used in welding rods aid in maintaining the shape of the coating on the welding rod during drying and baking. The product is primarily used in the cosmetics industry as a thickener as it offers additional properties, such as moisture retention, which is of primary importance to the cosmetics manufacturers.

The food and beverage application segment held the second-largest revenue share in the market in 2019. This is attributed to the high adoption of alginate as a thickening agent, stabilizer, and flavoring adjuvant due to superior product stability and performance across a wide temperature range.

The food industry has exhibited high consumption levels of alginate due to favorable regulations by the European and North American regulatory authorities and high application scope across bakery, confectionery, and convenience food manufacturing. In addition, the product finds extensive application in manufacturing ice creams as it aids in the reduction of the formation of ice crystals during freezing.

Asia Pacific dominated the market and accounted for a 36.56% share of the global volume in 2019 owing to high product adoption by food and beverage manufacturers. The presence of a large number of product manufacturers in countries, such as China and Japan, is expected to aid the low-cost product availability in the region, which, in turn, benefits the market growth.

The industry in Europe is characterized by the presence of major manufacturers, such as Algaia and Ceamsa, which are involved in the manufacturing of advanced products. The abundance of raw materials in Norway aids production. The price of the product in the region has been observed to be high due to the consumer demand for high purity and quality.

Key Players

  • Algaia
  • Marine Biopolymers Limited (MBL)
  • DuPont de Nemours, Inc.
  • Ingredients Solutions, Inc.
  • KIMICA
  • IRO Alginate Industry Co., Ltd.
  • Ceamsa
  • Algae
  • SNAP Natural & Alginate Product Pvt. Ltd.
  • Shandong Jiejing Group Corporation

Market Segmentation

  • Type Outlook
    • High M
    • High G
  • Product Outlook
    • Sodium Alginate
    • Calcium Alginate
    • Potassium Alginate
    • Propylene Glycol Alginate
    • Others
  • Application Outlook
    • Food & Beverages
    • Pharmaceutical
    • Industrial
    • Others
  • Regional Outlook
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • Central & South America
      • Brazil
    • Middle East & Africa
      • South Africa
      • Saudi Arabia

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/35933 or call: +1 9197 992 333

Daksh

Daksh is an SEO Analyst having 3 years of experienced. we can quickly understand and support initiatives that will contribute to the goals and success of client campaigns. and also Perform keyword research in coordination with client business objectives to optimize existing content and uncover new opportunities.

View all posts by Daksh →

Leave a Reply

Your email address will not be published.