According to IMARC Group’s latest report, titled “Alginate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global alginate market grew at a CAGR of around 5% during 2015-2020. Alginates refer to naturally occurring anionic polymers that are generally obtained from the cell walls of brown algae. They are made up of uronic acids, such as d-mannuronic acid (M) and l-guluronic acid (G). Alginates are commonly available in granular forms of calcium, potassium, propylene glycol and sodium alginate, which are further utilized as emulsifiers, thickeners, stabilizers, and acidity regulators. They also exhibit healing properties, low toxicity, high biocompatibility, and cost-effectiveness. Consequently, alginates find extensive applications across the cosmetics, dental, printing, textile, food and pharmaceutical industries.
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The global alginate market is primarily being driven by the increasing product demand in the food and beverage industry. Alginate is widely used to coat fruits and vegetables while acting as a natural additive in ready-to-eat (RTE) food products. Moreover, the rising product application in the healthcare industry for casting dental molds and manufacturing wound dressings due to its high fluid absorption capacity and porous structure is providing an impetus to the market growth. Other factors, including increasing consumer preference for plant-based food and the widespread product utilization in the textile industry for printing and dyeing applications, are further creating a positive outlook for the market. Looking forward, IMARC Group expects the global alginate market to exhibit moderate growth during the next five years.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- 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.
- SNP Inc.
Breakup by Type:
- High M
- High G
Breakup by Product:
- Sodium Alginate
- Calcium Alginate
- Potassium Alginate
- Propylene Glycol Alginate
Breakup by Application:
- Food and Beverages
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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