Global Alginate and Derivatives Market, By Type (Sodium Alginate, Calcium Alginate, Potassium Alginate, PGA, Others), Application (Dry, Food and Beverage, Industrial, Pharmaceutical, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Alginate and derivatives market is expected to reach USD 565.85 million by 2028 growing at a growth rate of 4.10% in the forecast period 2021 to 2028. Increasing preferences of the consumer towards the consumption of natural food additives which will likely to act as a factor for the alginate and derivatives market in the forecast period of 2021- 2028.
Alginate is a polysaccharide, anionic in nature, present in brown algae cell walls. Brown algae alginates form a viscous gum in the cell walls by binding to water. The compound is a linear copolymer with 1-4-β-D-mannuronate covalently connected homopolymeric blocks and alpha-L-guluronate residues of its C5 epimer. When alginates are extracted it is capable of absorbing water quickly in amount of 200–300 times of its own weight in water.
Increasing application of product in textile industry, rising demand of the product due to its property of multi-functionality, increasing usage of product in many food items such as ice creams, jelly, dressings, instant noodles, beer, lactic drinks, increasing consumption of alginates in the pharmaceutical sector, growing innovations in food products, changing preference towards convenience foods are some of the major as well as vital factors which will likely to augment the growth of the alginate and derivatives market in the projected timeframe of 2021-2028. On the other hand, growing number of technological advancements along with rapid industrialization which will further contribute by generating massive opportunities that will lead to the growth of the alginate and derivatives market in the above mentioned projected timeframe.
Lack of transparency and market information along with vulnerability to seasonal changes restricts raw material production which will likely to act as market restraints factor for the growth of the alginate and derivatives in the above mentioned projected timeframe. Market speculations along with unavailability of stock which will become the biggest and foremost challenge for the growth of the market.
This alginate and derivatives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on alginate and derivatives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Alginate and Derivatives Market Scope and Market Size
Alginate and derivatives market is segmented on the basis of type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the alginate and derivatives market is segmented into sodium alginate, calcium alginate, potassium alginate, PGA, and others. Others have been further segmented into ammonium alginate, magnesium alginate, zinc alginate, alginic acid, triethanolamine, and value-added alginates. Sodium alginate segment will hold the largest share in the growth of the market as it is soluble in hot and cold water with strong agitation and can help in thickening and binding.
- Based on application, the alginate and derivatives market is segmented into dry, food and beverage, industrial, pharmaceutical, and others. Others have been further segmented into personal care, cosmetics, fertilizers, and spa treatments.
Alginate and Derivatives Market Country Level Analysis
Alginate and derivatives market is analyses and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the alginate and derivatives market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America, and Europe dominates the alginate and derivatives market due to the rising usages of the alginates in processed foods, sauces and dressings, dairy products along with prevalence of various leading exporters in the region while Asia-Pacific, and South America region will expect to grow in the alginate and derivatives market during the forecast period 2021 to 2028 because of rise in consumption of processed and convenience foods in the region.
The country section of the alginate and derivatives market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Alginate and Derivatives Market Share Analysis
Alginate and derivatives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to alginate and derivatives market.
The major players covered in the alginate and derivatives report are FMC Corporation; KIMICA; Cargill, Incorporated.; DuPont; Ashland.; Brenntag AG; Döhler GmbH; QINGDAO GFURI SEAWEED INDUSTRIAL CO.,LTD.; Bright Moon Group; K N International.; Mytech, Inc.; Shandong Jiejing Group Corporation; SNAP Natural & Alginate Products Pvt. Ltd.; SNP, Inc.; Qingdao Allforlong Bio-Tech Co., Ltd; IRO Alginate Industry Co., Ltd.; Algea; MBL; ALGAIA; Ingredients Solutions, Inc.; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Alginate and Derivatives Market
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