New York, United States, June 06, 2023 (GLOBE NEWSWIRE) -- Alginate is a naturally occurring polysaccharide derived from brown algae. Sodium, calcium, and potassium alginate are commercially available in flagellated and granular forms and can entangle with water to produce a viscous gum. Textile, paper, and pulp handling are just a few of its many uses. Alginate is more biocompatible, cost-effective, and toxicity-free than other thickening agents. The global alginate market is expected to expand significantly due to rising demand for the product in producing food items such as ice cream, yogurt, and bakery goods.

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Growing Alginate Penetration in Food Industry to Drive the Global Alginate Market

The expansion of the food and beverage sector in BRICS and the Middle East is expected to be a key driver of growth due to higher local consumption. In the coming years, rising consumer awareness of products with exotic and traditional flavors is expected to drive alginate market growth even further.

The demand for an emulsifying agent such as alginate, which is regarded safe for human consumption, is projected to increase as the proportion of bakeries in Europe increases due to changing consumer eating habits. As the number of product-specific bakeries grows, emulsifying enterprises are expected to produce substances that give the best results in the end product. Time constraints and rising consumer spending have also fueled demand for packaged foods, which is expected to continue throughout the forecast period.

Growing Demand in Pharmaceutical Sector to Create Lucrative Opportunities for the Global Alginate Market

Alginate is used as an emulsion stabilizer, thickening agent, suspending agent, and film-forming agent for tablets in the pharmaceutical industry. Over the projected period, rising demand for alginate in tablet coatings is expected to drive product demand. In compounded medications, sodium alginate is used as a capsule disintegrant and a stabilizing, suspending, emulsifying, gel-forming, and viscosity-increasing agent. The product is an FDA-approved natural polymer gaining popularity in the pharmaceutical industry due to its low or nonhazardous nature, bioactivity, and good biocompatibility.

Due to scientific and technological advances, pharmaceutical companies have been increasing in recent years. This trend is expected to continue, particularly in developing countries like China, India, and Brazil. In the global pharmaceutical market, these economies have enormous potential.

Impact of COVID-19

The global coronavirus (COVID-19) pandemic has had a negative impact on the production, manufacturing, and transportation of a variety of goods. The food, beverage, and pharmaceutical industries, on the other hand, are unaffected. Since January 2020, global demand for food, beverages, and medicines has increased, increasing total production.

North America and European countries have the largest markets for packaged foods, bakery items, processed foods, and frozen foods. Furthermore, these countries, including the United States, Italy, Spain, France, the United Kingdom, and others, have seen coronavirus outbreaks in their economies. As a result, food joints and restaurants will be limited in their operations, slowing the demand for alginates. Due to trade restrictions in international markets, logistic processes across significant geographies have been temporarily halted, causing the supply chain to be hampered.

Report Scope

Report Metric	Details
Market Size	USD 1.195 billion by 2030
CAGR	5.02% (2022-2030)
Historical Data	2019-2020
Base Year	2021
Forecast Period	2022-2030
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Product, By Type, By Application
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	DuPont de Nemours Inc., Shandong Jiejing Group Corporation, Ceamsa, KIMIA Corporation, Ingredients Solutions Inc., Algae, Algaia, SNAP Natural & Alginate Product Pvt. Ltd., Marine Biopolymers Limited, IRO Alginate Industry Co. Ltd
Key Market Opportunities	Growing Demand in Pharmaceutical Sector to Create New Opportunities
Key Market Drivers	Growing Alginate Penetration in Food Industry

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Regional Insights

The Asia-Pacific is the fastest regional segment, occupying over 30.1% of the revenue share in 2021. It is estimated to reach at a CAGR of 5.3%. Over the next decade, the market is expected to be driven by the growing application scope of alginate in various end-use industries and rapid industrialization in Asian countries such as China, India, and Thailand. Furthermore, due to the product's widespread use in paper sizing applications, the appearance of several paper producers in the region is likely to drive the market.

North America is estimated to reach at a CAGR of 3.6%. Due to its widespread use in the pharmaceutical industry in Europe, rising R&D spending is expected to fuel demand for alginate over the forecast period. Over the forecast period, increasing consumer demand for food products such as chicken and meat nuggets, ice cream, and yogurt in the region is expected to boost alginate demand.

Key Highlights

Top Market Players

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

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Global Alginate Market: Segmentation

By Product

Sodium Alginate
Calcium Alginate
Potassium Alginate
Propylene Glycol Alginate
Others

By Type

High M
High G

By Application

Food
Pharmaceutical
Industrial
Others

By Regions

North America
Europe
Asia-Pacific
Central and South America
The Middle East and Africa

TABLE OF CONTENT

EXECUTIVE SUMMARY
RESEARCH SCOPE & SEGMENTATION
1. Research Objectives
2. Market Definition
3. Limitations & Assumptions
4. Market Scope & Segmentation
5. Currency & Pricing Considered
MARKET OPPORTUNITY ASSESSMENT
1. Emerging Regions / Countries
2. Emerging Companies
3. Emerging Applications / End Use
4. Investment Landscape
5. New Business Models / Revenue Streams
6. TAM
MARKET TRENDS
1. Drivers
2. Market Warning Factors
3. Latest Macro Economic Indicators
4. Geopolitical Impact
5. Human Factors
6. Technology Factors
MARKET ASSESSMENT
1. Porters Five Forces Analysis
2. Value Chain Analysis
3. Raw Material Analysis
4. Sales And Distribution Channel Analysis
5. Trade Analysis
6. M & A Agreements & Collabration Analysis
7. Export Import Analysis
8. Cost Structure Analysis
ESG TRENDS
GLOBAL ALGINATE MARKET SIZE ANALYSIS
1. Global Alginate Market Introduction
2. By Product
  1. Introduction
    1. Product By Value
  2. Sodium Alginate
    1. By Value
  3. Calcium Alginate
    1. By Value
  4. Potassium Alginate
    1. By Value
  5. Propylene Glycol Alginate
    1. By Value
  6. Others
    1. By Value
3. By Type
  1. Introduction
    1. Type By Value
  2. High M
    1. By Value
  3. High G
    1. By Value
4. By Application
  1. Introduction
    1. Application By Value
  2. Food
    1. By Value
  3. Pharmaceutical
    1. By Value
  4. Industrial
    1. By Value
  5. Others
    1. By Value
NORTH AMERICA MARKET ANALYSIS
1. Introduction
2. By Product
  1. Introduction
    1. Product By Value
  2. Sodium Alginate
    1. By Value
  3. Calcium Alginate
    1. By Value
  4. Potassium Alginate
    1. By Value
  5. Propylene Glycol Alginate
    1. By Value
  6. Others
    1. By Value
3. By Type
  1. Introduction
    1. Type By Value
  2. High M
    1. By Value
  3. High G
    1. By Value
4. By Application
  1. Introduction
    1. Application By Value
  2. Food
    1. By Value
  3. Pharmaceutical
    1. By Value
  4. Industrial
    1. By Value
  5. Others
    1. By Value
5. U.S.
  1. By Product
    1. Introduction
      1. Product By Value
    2. Sodium Alginate
      1. By Value
    3. Calcium Alginate
      1. By Value
    4. Potassium Alginate
      1. By Value
    5. Propylene Glycol Alginate
      1. By Value
    6. Others
      1. By Value
  2. By Type
    1. Introduction
      1. Type By Value
    2. High M
      1. By Value
    3. High G
      1. By Value
  3. By Application
    1. Introduction
      1. Application By Value
    2. Food
      1. By Value
    3. Pharmaceutical
      1. By Value
    4. Industrial
      1. By Value
    5. Others
      1. By Value
6. Canada
EUROPE MARKET ANALYSIS
1. Introduction
2. By Product
  1. Introduction
    1. Product By Value
  2. Sodium Alginate
    1. By Value
  3. Calcium Alginate
    1. By Value
  4. Potassium Alginate
    1. By Value
  5. Propylene Glycol Alginate
    1. By Value
  6. Others
    1. By Value
3. By Type
  1. Introduction
    1. Type By Value
  2. High M
    1. By Value
  3. High G
    1. By Value
4. By Application
  1. Introduction
    1. Application By Value
  2. Food
    1. By Value
  3. Pharmaceutical
    1. By Value
  4. Industrial
    1. By Value
  5. Others
    1. By Value
5. U.K.
  1. By Product
    1. Introduction
      1. Product By Value
    2. Sodium Alginate
      1. By Value
    3. Calcium Alginate
      1. By Value
    4. Potassium Alginate
      1. By Value
    5. Propylene Glycol Alginate
      1. By Value
    6. Others
      1. By Value
  2. By Type
    1. Introduction
      1. Type By Value
    2. High M
      1. By Value
    3. High G
      1. By Value
  3. By Application
    1. Introduction
      1. Application By Value
    2. Food
      1. By Value
    3. Pharmaceutical
      1. By Value
    4. Industrial
      1. By Value
    5. Others
      1. By Value
6. Germany
7. France
8. Spain
9. Italy
10. Russia
11. Nordic
12. Benelux
13. Rest Of Europe
APAC MARKET ANALYSIS
1. Introduction
2. By Product
  1. Introduction
    1. Product By Value
  2. Sodium Alginate
    1. By Value
  3. Calcium Alginate
    1. By Value
  4. Potassium Alginate
    1. By Value
  5. Propylene Glycol Alginate
    1. By Value
  6. Others
    1. By Value
3. By Type
  1. Introduction
    1. Type By Value
  2. High M
    1. By Value
  3. High G
    1. By Value
4. By Application
  1. Introduction
    1. Application By Value
  2. Food
    1. By Value
  3. Pharmaceutical
    1. By Value
  4. Industrial
    1. By Value
  5. Others
    1. By Value
5. China
  1. By Product
    1. Introduction
      1. Product By Value
    2. Sodium Alginate
      1. By Value
    3. Calcium Alginate
      1. By Value
    4. Potassium Alginate
      1. By Value
    5. Propylene Glycol Alginate
      1. By Value
    6. Others
      1. By Value
  2. By Type
    1. Introduction
      1. Type By Value
    2. High M
      1. By Value
    3. High G
      1. By Value
  3. By Application
    1. Introduction
      1. Application By Value
    2. Food
      1. By Value
    3. Pharmaceutical
      1. By Value
    4. Industrial
      1. By Value
    5. Others
      1. By Value
6. Korea
7. Japan
8. India
9. Australia
10. Taiwan
11. South East Asia
12. Rest Of Asia-Pacific
MIDDLE EAST AND AFRICA MARKET ANALYSIS
1. Introduction
2. By Product
  1. Introduction
    1. Product By Value
  2. Sodium Alginate
    1. By Value
  3. Calcium Alginate
    1. By Value
  4. Potassium Alginate
    1. By Value
  5. Propylene Glycol Alginate
    1. By Value
  6. Others
    1. By Value
3. By Type
  1. Introduction
    1. Type By Value
  2. High M
    1. By Value
  3. High G
    1. By Value
4. By Application
  1. Introduction
    1. Application By Value
  2. Food
    1. By Value
  3. Pharmaceutical
    1. By Value
  4. Industrial
    1. By Value
  5. Others
    1. By Value
5. UAE
  1. By Product
    1. Introduction
      1. Product By Value
    2. Sodium Alginate
      1. By Value
    3. Calcium Alginate
      1. By Value
    4. Potassium Alginate
      1. By Value
    5. Propylene Glycol Alginate
      1. By Value
    6. Others
      1. By Value
  2. By Type
    1. Introduction
      1. Type By Value
    2. High M
      1. By Value
    3. High G
      1. By Value
  3. By Application
    1. Introduction
      1. Application By Value
    2. Food
      1. By Value
    3. Pharmaceutical
      1. By Value
    4. Industrial
      1. By Value
    5. Others
      1. By Value
6. Turkey
7. Saudi Arabia
8. South Africa
9. Egypt
10. Nigeria
11. Rest Of MEA
LATAM MARKET ANALYSIS
1. Introduction
2. By Product
  1. Introduction
    1. Product By Value
  2. Sodium Alginate
    1. By Value
  3. Calcium Alginate
    1. By Value
  4. Potassium Alginate
    1. By Value
  5. Propylene Glycol Alginate
    1. By Value
  6. Others
    1. By Value
3. By Type
  1. Introduction
    1. Type By Value
  2. High M
    1. By Value
  3. High G
    1. By Value
4. By Application
  1. Introduction
    1. Application By Value
  2. Food
    1. By Value
  3. Pharmaceutical
    1. By Value
  4. Industrial
    1. By Value
  5. Others
    1. By Value
5. Brazil
  1. By Product
    1. Introduction
      1. Product By Value
    2. Sodium Alginate
      1. By Value
    3. Calcium Alginate
      1. By Value
    4. Potassium Alginate
      1. By Value
    5. Propylene Glycol Alginate
      1. By Value
    6. Others
      1. By Value
  2. By Type
    1. Introduction
      1. Type By Value
    2. High M
      1. By Value
    3. High G
      1. By Value
  3. By Application
    1. Introduction
      1. Application By Value
    2. Food
      1. By Value
    3. Pharmaceutical
      1. By Value
    4. Industrial
      1. By Value
    5. Others
      1. By Value
6. Mexico
7. Argentina
8. Chile
9. Colombia
10. Rest Of LATAM
COMPETITIVE ASSESSMENT
1. Adoption Matrix
2. Alginate Market Share By Manufacturers
3. Alginate Market Ranking By Revenue For Manufacturers
4. Average Price By Manufacturers
5. Vendor Footprint Analysis
MARKET PLAYERS ASSESSMENT
1. DuPont De Nemours, Inc.
  1. Overview
  2. Business Information
  3. Revenue
  4. ASP
  5. Gross Margin
  6. Swot Analysis
  7. Recent Developmments
2. Shandong Jiejing Group Corporation
3. Ceamsa
4. KIMIA Corporation
5. Ingredients Solutions, Inc.
6. Algae
7. Algaia
8. SNAP Natural & Alginate Product Pvt. Ltd.
9. Marine Biopolymers Limited
10. IRO Alginate Industry Co., Ltd
RESEARCH METHODOLOGY
1. Research Data
  1. Secondary Data
    1. Major Secondary Sources
    2. Key Data From Secondary Sources
  2. Primary Data
    1. Key Data From Primary Sources
    2. Breakdown Of Primaries
  3. Secondary And Primary Research
    1. Key Industry Insights
2. Market Size Estimation
  1. Bottom-Up Approach
  2. Top-Down Approach
  3. Market Projection
3. Research Assumptions
  1. Assumptions
4. Limitations
5. Risk Assessment
APPENDIX
1. Discussion Guide
2. Customization Options
3. Related Reports
DISCLAIMER

Table of Content and Figure @ https://straitsresearch.com/report/alginate-market/toc

Market News

In November 2020, KIMIA completed the expansion of the alginate production facility in Japan by increasing the building and packaging capacity for the products alginic acid & its derivatives and propylene glycol alginate. The plant now has a manufacturing capacity of 2000kg per hour.
In November 2020, Algaia started testing biostimulants based on seaweed. The product is specifically designed for the leeks and is expected to replace chemical fungicides.

News Media

Rising Alginate Penetration in Food Industry to Drive the Demand for Alginate Market

Global Hydrocolloids Market Size USD 17,729.8 million by 2031 | CAGR of 6.18%

Have a Look at the Related Research Report

North America Alginate Market: Information by Product (Sodium Alginate, Calcium Alginate, Potassium Alginate, Propylene Glycol Alginate), Type (High M & High G), Application (Food and Beverages, Industrial), Country (U.S., Canada)-Forecast till 2031

Europe Alginate Market: Information by Product (Sodium Alginate, Calcium Alginate, Potassium Alginate, Propylene Glycol Alginate), Type (High M and High G), Application (Food and Beverages, Pharmaceuticals, Industrial), Country—Forecast till 2031

Asia-Pacific Alginate Market: Information by Product (Sodium Alginate, Calcium Alginate, Potassium Alginate, Propylene Glycol Alginate), Type (High M and High G), Application (Food and Beverages), Country (China, India, Japan) -Forecast till 2031

Middle East and Africa Alginate Market: Information by Product (Sodium Alginate, Calcium Alginate, Propylene Glycol Alginate), Type (High M and High G), Application (Food and Beverages), Country (South Africa and Saudi Arabia)—Forecast till 2031

France Alginate Market: Information by Product (Sodium Alginate, Calcium Alginate, Potassium Alginate, Propylene Glycol Alginate), Type (High M and High G), Application (Food and Beverages, Pharmaceuticals, Industrial), Country—Forecast till 2031

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Alginate Market Size is projected to reach USD 1.195 Billion by 2030, growing at a CAGR of 5.02%: Straits Research

The global alginate market size was valued at USD 770 million in 2021 and is predicted to increase at a CAGR of 5.02% to reach USD 1,195 million by 2030 during the forecast period (2022–2030). The Asia-Pacific Alginate Market is estimated to reach at a CAGR of 5.3% during the forecast period.

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Alginate Market Size is projected to reach USD 1.195 Billion by 2030, growing at a CAGR of 5.02%: Straits Research

The global alginate market size was valued at USD 770 million in 2021 and is predicted to increase at a CAGR of 5.02% to reach USD 1,195 million by 2030 during the forecast period (2022–2030). The Asia-Pacific Alginate Market is estimated to reach at a CAGR of 5.3% during the forecast period.

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