Global Sodium Alginate Market – Industry Trends and Forecast to 2029

Global Sodium Alginate Market, By Product Grade (Food and Pharmaceutical, Technical), Function (Stabilizers, Thickeners, Gelling Agents, Emulsifiers), End-Use (Textiles, Food and Beverages, Pharmaceuticals, Paper Coatings, Papermaking, Others) – Industry Trends and Forecast to 2029.

Sodium Alginate Market Analysis and Size

Sodium alginate, derived from seaweed, was discovered to be an innovative ingredient that can be used in various applications, opening up new opportunities for manufacturers of plant-based excipients. Furthermore, regulatory grants from organizations such as the US Food and Drug Administration (FDA) and the European Commission are expected to drive global market growth.

Data Bridge Market Research analyses that the sodium alginate market which was growing at a value of 193.32 million in 2021 and is expected to reach the value of USD 285.62 million by 2029, at a CAGR of 5.00% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Sodium Alginate Market Scope and Segmentation

Market Definition

Sodium Alginate is the naturally occurring polysaccharide derivative of alginic acid and gum mainly extracted from the cell walls of brown algae, with chelating activity. It is used as a stabilizer for ice cream, yogurt, cream, and cheese. It is a thickener and emulsifier for salad, pudding, jam, tomato juice, and canned products.

Global Sodium Alginate Market Dynamics

Drivers

• Expansion of food and beverage industry

Significant growth in the food and beverage industry around the world is one of the key factors driving the market's positive outlook. Due to its high thickening, gelling, and film-forming properties, alginate is widely used as a natural additive in producing various convenience and ready-to-eat (RTE) food products.

• Growing need for biomedical compounds

Widespread product adoption in the healthcare industry is propelling market growth. As sodium calcium alginate fibers are highly biocompatible, porous, and have a high fluid absorption capacity, it is used to make wound dressings. In line with this, the textile industry dyes, prints, and designs on cotton, rayon, and jute fabrics, towels, and scarves with alginate derivatives contribute to market growth. Other factors, such as rising demand for biomedical compounds with personalized physicochemical properties and widespread product use as an animal feed additive, are expected to drive the market even further.

Opportunity

• Long term benefits of sodium alginates

The growing awareness of the long-term benefits of sodium alginates is paving the way for significant growth potential in the global sodium alginate market. The sodium alginate market is expected to expand due to rising demand from the food and pharmaceutical industries.

Restraints

• Volatility in prices

Volatility in raw material prices, as well as an increasing number food safety regulations, are likely to stymie the growth of the sodium alginate market during the forecast period. The availability of product alternatives, as well as rising awareness about the negative effects, will be the most significant challenges to market growth.

This sodium alginate market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 the sodium alginate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Sodium Alginate Market

The coronavirus (COVID-19) pandemic has significantly impacted global industrial production due to documented lockdowns in key economies. This has had a negative impact on the production, manufacturing, and transportation of various items all over the world. In contrast, the food, beverage, and pharmaceutical industries are unaffected. Global demand for food, beverages, and pharmaceuticals has increased since January 2020, increasing overall output. As lockdowns have prevented eateries and restaurants from serving on their premises, the demand for packaged food and processed foods has increased. Furthermore, the demand for medicines has increased in recent years due to preventive measures taken by end users to stay fit and boost the immune system. As a result, the demand for alginate products has increased. North America and Europe have significant markets for packaged, bakery, processed, and frozen food. Furthermore, coronavirus outbreaks have been observed in the majority of economies, including the United States, Italy, Spain, France, the United Kingdom, and others. As a result, the operations of food joints and restaurants are restricted, slowing the demand for alginates. Due to trade restrictions in international markets, logistic operations across the major geographies have been temporarily suspended, hampering the supply channel. On the other extreme, the manufacturing industry is getting back on track, with enterprises resuming operations, which is likely to support product demand.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Sodium Alginate Market Scope

The sodium alginate market is segmented on the basis of product grade, end-use, and function. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product grade

• Food and pharmaceutical
• Technical

Function

• Stabilizers
• Thickeners
• Gelling Agents
• Emulsifiers

End use

• Textiles
• Food and Beverages
• Pharmaceuticals
• Paper Coatings
• Papermaking
• Others

Sodium Alginate Market Regional Analysis/Insights

The sodium alginate market is analysed and market size insights and trends are provided by country, product grade, end-use, and function as referenced above.

The countries covered in the sodium alginate 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, UAE, 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 dominated the market in terms of revenue because of the rising consumer demand in the region for food products such as chicken and meat nuggets, ice cream, and yogurt is expected to increase demand for alginate over the forecast period. The high consumer affinity for products containing naturally sourced ingredients drives the region's alginates market. Furthermore, the region's large population and increased spending power are expected to drive the market over the forecast period.

The Asia-Pacific region is the fastest growing. The region's alginates market is characterized by a large number of manufacturers. Producers in China and Japan account for a significant portion of the alginates produced in the region. The region's large population base supports a thriving pharmaceutical and healthcare sector. The rising application spectrum of alginate in various end-use industries and rapid industrialization in Asian nations such as China, India, and Thailand are expected to drive the market over the next decade. Furthermore, due to the product's widespread use in paper sizing applications, several paper manufacturers in the region are likely to drive the market.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Sodium Alginate Market Share Analysis

The sodium alginate 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 sodium alginate market.

Some of the major players operating in the sodium alginate market are:

• DuPont (U.S.)
• KIMICA (U.S.)
• Qingdao Rongde Seaweed Co., Ltd. (China)
• Prestige Consumer Healthcare Inc. (U.S.)
• Cargill, Incorporated (U.S.)
• Shandong Jiejing Group (China)
• Prinova Group LLC (U.K)
• Algaia (France)
• CEAMSA (Spain)
• CP Kelco U.S., Inc. (U.S.)
• Ingredients Solutions, Inc. (U.S.)
• Snapalginate (India)
• IRO Alginate Industry Co., Ltd (China)
• A2 Trading GmbH (Germany)