- Alginates, derived from brown seaweed, are widely used as natural hydrocolloids in various industries due to their unique properties, such as gelling, thickening, and stabilizing capabilities
- The growing demand for alginates is fueled by their extensive use in the food and beverage industry for improving texture and shelf-life, in pharmaceuticals for controlled drug release, and in industrial applications for eco-friendly materials
- North America dominated the alginate market with the largest revenue share of 38.5% in 2024, driven by advanced food processing industries, high consumer awareness of natural ingredients, and the presence of major market players
- Asia-Pacific is expected to be the fastest-growing region during the forecast period, attributed to rapid industrialization, increasing demand for processed foods, and growing pharmaceutical manufacturing in countries such as China and India
- The sodium alginate segment held the largest market revenue share of 41.4% in 2024, driven by its widespread use as a thickening and gelling agent in the food and beverage, pharmaceutical, and textile industries. Its applications in sauces, dressings, and pharmaceutical formulations contribute to its dominance
