Alginate Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Alginate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global alginate market grew at a CAGR of around 5% during 2015-2020. Alginate, or alginic acid, refers to a naturally occurring polysaccharide usually extracted from brown algae. It is commercially available in filamentous and granular forms of sodium, calcium and potassium alginate that can bind with water to form a viscous gum. As a result, alginate is widely used for casting of dental molds and thickening of food products, such as jellies, jams, ice-creams, marmalades, frozen desserts, chocolates and instant noodles. It also finds extensive applications in processing textiles, paper and pulp. In comparison to the traditionally used thickening compounds, alginate has higher biocompatibility, cost-effectiveness and lower toxicity.

Significant growth in the food and beverage industry across the globe represents one of the key factors creating a positive outlook for the market. Alginate is widely used as a natural additive for the production of various convenience and ready-to-eat (RTE) food products due to its high thickening, gelling and film-forming properties. Furthermore, widespread product adoption in the healthcare industry is also driving the market growth. Sodium and calcium alginate fibers are used for the manufacturing of wound dressings as it is highly biocompatible, has a porous structure and high fluid absorption capacity. In line with this, the textile industry uses alginate derivatives for dyeing, printing and designing on cotton, rayon and jute fabrics, towels and scarfs, which is also contributing to the market growth. Other factors, including the rising demand for biomedical compounds with personalized physicochemical properties, along with extensive product utilization as an animal feed additive, are anticipated to drive the market further. Looking forward, IMARC Group expects the global alginate market to exhibit moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global alginate market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, product and application.

Breakup by Type:

High M
High G

Breakup by Product:

Sodium Alginate
Calcium Alginate
Potassium Alginate
Propylene Glycol Alginate
Others

Breakup by Application:

Food and Beverages
Pharmaceuticals
Cosmetics
Others

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Algaia SA (Maabarot Products Ltd.), Compañia Española de Algas Marinas (CEAMSA), DuPont De Nemours Inc., Ingredients Solutions Inc., IRO Alginate Industry Co. Ltd., KIMICA Corporation, Marine Biopolymers Limited, Shandong Jiejing Group Corporation, SNAP Natural & Alginate Product Pvt. Ltd. and SNP Inc.

Key Questions Answered in This Report:

How has the global alginate market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global alginate market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the product?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global alginate market and who are the key players?
What is the degree of competition in the industry?