PUBLISHER: Value Market Research | PRODUCT CODE: 1264105
PUBLISHER: Value Market Research | PRODUCT CODE: 1264105
The global demand for Alginate Market is presumed to reach the market size of nearly USD 1645.82 MN by 2030 from USD 881.32 MN in 2022 with a CAGR of 8.12% under the study period 2023 - 2030.
Alginates are biomaterials obtained from the cell walls of brown seaweed and algae. Alginates range in colour from white to tan. Alginates are available in granular and filament forms of sodium, calcium, and potassium. They have numerous applications across the field of biomedicine, food, textile, and cosmetic industry. Alginates are extensively used in the pharmaceutical industry for their biodegradable and non-toxic properties and are used for packaging capsules and the coating of tablets. They are widely used in food items like frozen desserts, ice-creams, jellies and instant noodles. Furthermore, due to alginates having high water-absorbent properties, they are useful in the manufacturing of textiles and paper and food thickeners.
The alginate market is anticipated to observe a massive growth during the forecast period due to the rising demand for sodium alginate, used in numerous industrial applications such as biomedicine, paper, food, cosmetics, and the textile industry worldwide. The growing demand for alginates as a thickening and gelling agent in the food and beverage industry is expected to drive market growth. Furthermore, the increasing demand for natural ingredients in processed foods and extensive applications in the pharmaceutical sector are the key drivers for the alginate market. Alginates works as an emulsion stabilizer, film-forming agent, and disintegrant for capsules and tablets. Increasing demand for alginates in the coating of tablets with low viscosity will further propel market growth. In addition, key players are concentrating their efforts on developing innovative wound care solutions based on sodium and calcium alginates, thereby driving the market growth. However, the unstable supply quantity of the seaweeds and algae may hamper the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of alginate. The growth and trends of alginate industry provide a holistic approach to this study.
This section of the alginate market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Alginate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the alginate market include Algaia, Marine Biopolymers Limited, DuPont de Nemours, Inc., Ingredients Solutions, Inc., KIMICA, Ceamsa, Algea, Shandong Jiejing Group Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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