Alginate Market Upcoming Growth, Key Player Analysis and Forecast 2030

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The global alginate market is expected to register a steady revenue CAGR over the forecast period.

The global alginate market is expected to register a steady revenue CAGR over the forecast period. The alginate market revenue growth is primarily driven by factors such as increasing popularity of non-toxic impression molds for dental and creative use and rising demand for functional food.

Alginates are found in the intracellular matrix of brown algae as gels comprising sodium, calcium, magnesium, strontium, and barium ions, with the counterion composition dictated by the ion exchange equilibrium with seawater. Initially used extensively as a food additive and ingredient, alginate has evolved into a significant molecule for a variety of industries and applications, including the medical, pharmaceutical, and cosmetics sectors. It has been used in the food industry for the coating of fruits and vegetables, as a microbiological and virus protection agent, and as a gelling, thickening, stabilizing, or emulsifying agent. Scientists were encouraged to investigate new features for alginate use due to its biocompatibility, biodegradability, and nontoxicity.

Top Companies Operating in the Global Alginate Market:

  • DuPont de Numerous, Inc. (U.S.)
  • Ashland Global Specially Chemicals Inc. (U.S.)
  • Cargill Inc. (U.S.)
  • Brenntag AG (Germany)
  • Dohler Group (Germany)
  • FMC Corporation (U.S.)
  • Kimica Corporation (Japan)
  • Penford Corporation (U.S.)
  • Allforlong Bio-Tech Co., Ltd. (China)
  • Hairun Corporation (Japan)
  • Hanfeng Co., Ltd. (China)
  • Haoyang Co., Ltd. (China)
  • Haiyang Xiangyu Seaweed Co., Ltd. (China)

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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth

One of the major factors driving revenue growth of the market is the versatile use of this acid in industries. This hydrocolloid, obtained at a low cost from coastal brown algae, has the potential to be employed as a tool for the treatment of diabetes, not just as an insulin administration agent, but also for its ability to ameliorate insulin resistance, reduce chronic inflammation, and oxidative stress. Furthermore, alginate has been identified as a viable weight reduction treatment, with alginate supplementation being utilized as adjunctive chemotherapy to energy restriction to promote satiety and weight loss in obese persons. As a result, alginate offers the promise of being a useful product in the food business as well as in the treatment of metabolic illnesses such as diabetes and obesity, which is another factor contributing to revenue growth of the market during the forecast period.

Table of Contents:

  1. Report Overview 
    1.1 Research Scope
    1.2 Key Alginate market segments
    1.3 Major players
    1.4 Market analysis by product type
    1.5 Market analysis by application
    1.6 Report timeline
  2. Global Growth Trends
    2.1 Global Alginate market size
    2.2 Latest regional market trends
    2.3 Emerging growth trends
  3. Competitive Outlook
    3.1 Global Alginate market key players
    3.2 Global Alginate  size by manufacturers
    3.3 Products of major players
    3.4 Entry barriers in the Alginate  market
    3.5 Mergers, acquisitions, joint ventures, and other strategic alliances

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Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

Alginate Market Segmentation

Type Outlook (Revenue, USD Billion; 2019-2030)

  • Sodium Alginate
  • Potassium Alginate
  • Ammonium Alginate
  • Propylene Alginate
  • Others

Application/End-use Outlook (Revenue, USD Billion; 2019-2030)

  • Food Beverages
  • Pharmaceuticals
  • Textile
  • Paper Pulp
  • Others

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