Alginates Market Highlights:
Market Research Future (MRFR) studied the global alginates market 2021 across the review period till 2028. The global alginate market size was valued at USD 728.6 Million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028.The wide range of alginate across multiple industries can promote the market soon. The growing popularity of sodium alginate as gelling agent in both booming pharmaceutical and F&B sectors can favour the market rises in the analysis period. The easy disposal of different varieties of brown seaweed, along with the availability of effective procurement equipment that can derive alginate from sources can also favor the market rise. The growing popularity of alginates in dental impression and increase in dental tourism can contribute to the market growth soon.
Top Companies:
CP Kelco, Ingredients Solutions Inc., Dohler Group, Algaia, Marine Biopolymers Limited, IRO Alginate Industry Co., Ltd., Danisco A/S, FMC Corporation, Kimica Corporation, and SNAP Natural & Alginate Products Pvt Ltd are some reputed names in the global alginates market that are recognised by MRFR. As competitiveness among these prominent players rise, marketers are observed to make deliberate effort to boost their product quality and unfurl innovations. The Alginates Products market can capitalize on the changing competitive landscape. The alginate market is observed to be driven by emerging trend and the establishment of new dealers. Expansions, mergers, acquisitions, and new product launches by these reputed companies can contribute to the expansion of the market.
Alginates Market Segmental Reviews:
The segment study of the global Alginates Market is done by form, type, and distribution channel.
The type-based segments of the alginate market are Macrocystis, Laminaria, Lessonia, Ascophyllum, Durvillaea, and Ecklonia among Others.
The rise in the demand and production of laminaria can support the market rise soon. The Function-based segments of the alginate market are Emulsifiers, Thickeners, Acidity Regulators, and Stabilizers among Others.
The growing demand for emulsifiers and acidity regulators in the F&B sector as consumer preference towards convenient food and ready-to-eat food is observed to rise.
The Application-based segments of the alginate market are Biofuels, Food and Beverages, Paper and Pulp, Textile Industry, and Pharmaceuticals among Others. The alginate market can capitalize in numerous growth scopes offered by textile and F&B sectors.
Which area has the potential to rule the global alginates industry?
Due to the strong demand for its derivatives, Europe can control the worldwide alginates industry from 2021 to 2028.
What are the main reasons propelling the alginates industry expansion?
Some of the key drivers projected to propel industry expansion include the rising demand for alginates in the end-use industries and the growing consumption of plant-based goods.
Regional Outlook:
The regional analysis of the global Alginate market is done for North America, Europe (EU), Asia Pacific (APAC), and the Rest of the World (RoW).
APAC Calcium Alginates Market Size is expected to be grow rapidly across the review period. The co-existence of renowned alginate suppliers and robust initiatives take by then to expand their product portfolio can support expansion of the regional market. The favorable production base can also support APAC market rise. Europe can dominate the regional Calcium Alginates market soon. The ease of procuring raw materials and their richness can support EU alginate market rise. The growing consumptions of alginate and expansion of the regional food and beverage, and textile and industries can also promote APAC market soon. The rise in demand for alginate across the pharmaceutical industry in developing economies can also support the regional market growth. In South and Central America, the rise in demand for ice creams, jellies, and lactic acid-based products can drive the market through the forecast period in the region. In North America, the gradual increase in demand for Alginates Products across cash-rich sectors, such as textile and pharmaceuticals can drive the regional market.
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets, and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take based on the same.
Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.
Contact Us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071