Alginate Market Profits To Upswing To USD 1,077 Mn By 2028

As per study of Zion Market Research, Alginate industry garnered revenue worth nearly US$ 761 million in 2021 and is anticipated to gain returns about US$ 1,077 million by 2028. In addition to this, Alginate market is prognosis to record CAGR of almost 5.1% in 2022-2028. Apparently, growth of alginate market over forecast timespan is subject to growing use of product in effectively managing metabolic disorders such as obesity and diabetes. As per WHO, obesity is identified as a pandemic and data in 2019-2020 has revealed that the cases of obesity has tripled in last thirty years. As per NCBI, 2016 data statistics has drawn inference that nearly 2 billion adult population and 341 million child & adolescent populace across globe were overweight or obese. Reportedly, managing of obesity requires comprehensive approach such as modifications in food intake and physical activities. However, ability of alginate in reducing inflammation & postprandial blood pressure has resulted in its massive demand in obesity treatment. Moreover, the product acts as an agent in obesity therapy & can proficiently manage obesity through inhibition of gastrointestinal enzymes, cholesterol reduction, glucose uptake, and lipid digestion regulation.  

In addition to this, alginates are also utilized as ingredients as well as additives in food sector, thereby enlarging scope of market demand. With product features such as bio-degradation, biocompatibility & non-toxicity and functional versatility with different matrices & substrates enabling its use in wound dressing materials, alginate market is prognosis to gain traction within next couple of years. Rise in product penetration in medical & pharmaceutical sectors and eco-friendly nature of product is likely to define economic growth proportion of alginate business. Massive use of alginate-based biomaterials in regenerative healthcare & in vivo applications will boost market trends.

Food & Beverages Sector To Lead Application Landscape By 2028

Growth of food & beverages segment over assessment timeline is owing to use of alginate for coating fruits & vegetables for offering latter protection against microbes & virus. As per European Food Safety Authority, alginic acid as well as its salts is utilized in large number of foods such as infant food & diet of young children. Moreover, alginate-based films help in reducing food spoilage and food recalls. According to NCBI, U.S. FDA - approved alginate has become one of key biomaterials or ingredients in dietary supplements, thereby boosting growth of food & beverages sector.

Sodium Alginate Market To Expand Leaps & Bounds Over 2022-2028

Growth of sodium alginate market in next six years can be ascribed to its easy accessibility, eco-friendly nature, and cost-effectiveness. Furthermore, sodium alginate is bio-compatible, bio-composite, non-toxic, and bio-degradable in nature, thereby resulting in its massive utility in food & biomedical sectors. Citing an instance, sodium alginate hydrogen is used for protecting food stored in aquatic environment and its best example is linseed oil.  In addition to this, sodium alginate is also used extensively in pharmaceutical sector as a coating element for medicine, thereby enabling regulated release of active materials along with retention of flavor compounds, and allowing inclusion of various kinds of constituents. It also enhances quality of medicines. Reportedly, sodium alginate is combined with calcium alginate and the mixture is used as wound dressing material. Due to its hydrophilic features, it is used widely as biomaterial.  The product is found to diminish intestinal mucus permeability.

Europe To Make Notable Contributions Towards Overall Industry Size By 2028

Expansion of regional market over forecast timespan is subject to rise in product demand in dental care treatment in countries such as the UK, France, and Germany. Moreover, it is affordable and accurate and hence dental clinics & dentists prefer it as biomaterial over other substitute products. Thriving food processing sector in Europe will further contribute to regional market revenue.

Some of major market participants have strongly leveraged business sphere and are predicted to continue with this trend even in next couple of years. These industry players are Qingdao Rongde Seaweed Co., Ltd., A2 Trading GmbH, Cargill Inc., KIMICA Corporation, Prinova Europe Limited, Qingdao Liyang Seaweed Industrial Co., Ltd., Compañía Española de Algas Marinas S.A., Shandong Jiejing Group Corporation, Prestige Brands, Inc., and DuPont.

Browse the full “Alginate Market- By Application (Medical & Pharmaceutical, Cosmetics, Textiles, Food & Beverages, And Pulp & Paper), By Type (High M And High G), And By Product (Calcium Alginate, Potassium Alginate, Sodium Alginate, And Propylene Glycol Alginate): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028.” Report at https://www.zionmarketresearch.com/report/alginate-market

The global Alginate Market is segmented as follows:

By Application

• Medical & Pharmaceutical
• Pulp & Paper
• Cosmetics
• Textiles
• Food & Beverages

By Type

• High M
• High G

By Product

• Calcium Alginate
• Potassium Alginate
• Sodium Alginate
• Propylene Glycol Alginate

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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