Global Alginic Acid Market To Grow At A CAGR Of 5.5% By 2028

The global alginic acid market size was worth around USD 768.5 million in 2021 and is predicted to grow to around USD 1117.8 million by 2028 with a compound annual growth rate (CAGR) of roughly 5.5% between 2022 and 2028.

Alginate, also known as alginic acid, is a naturally occurring polymer that is often taken from brown algae. Sodium, calcium, and potassium alginate are commercially obtainable in filamentous and granular forms that can combine with water to create a viscous gum. Alginate is so frequently employed in the casting of dental moulds as well as the thickening of culinary items such as jams, jellies, ice cream, marmalades, frozen desserts, chocolates, and instant noodles. It also has a wide range of uses in the pulp, paper, and textile processing industries. Alginate is more cost-effective, less poisonous, and has superior biocompatibility than the thickening chemicals that have been employed historically.

One of the main components fostering a positive outlook for the global alginic acid market is the significant global growth of the food and beverage industry. Due to its excellent thickening, gelling, and film-forming qualities, alginate is frequently utilized as a natural addition in the creation of numerous convenience and ready-to-eat (RTE) food products.

Additionally, the healthcare sector's widespread product adoption is a key factor in the market's expansion. Because sodium and calcium alginate fibers are very biocompatible, porous, and have a high fluid absorption capacity, they are utilized to make wound dressings.

Accordingly, the textile industry utilizes alginate derivatives for dyeing, printing, and creating cotton, rayon, and jute fabrics, towels, and scarves, which is also aiding in the market's expansion. Additional factors are projected to fuel the market, such as the growing need for biomedical compounds with tailored physicochemical qualities and widespread product use as an animal feed additive.

The global alginic acid market is segmented based on the type, product, application, and region.

The global market is divided into high M and high G segments based on type. In 2021, the high G segment held the biggest market share, and it is anticipated that it would continue to dominate during the forecast period. Guauronic acid blocks, which have numerous applications in the cosmetics, food, and pharmaceutical industries, are abundant in High G.

These goods are in higher demand because of their enhanced gelling capabilities in food applications. Additionally, the G block concentration is higher in high G products, leading to increased stability and thickness. They exhibit bowed chain structure and slower gel formation as compared to the high M. The higher product versatility that high G types provide is what drives the pharmaceutical industry's demand for them.

The market is divided into sodium, calcium, potassium, propylene glycol, and other categories depending on the product. Over the forecast period, the propylene glycol segment is anticipated to rule the market. It is an ester of alginic acid that is utilized as a stabilizer, thickener, and emulsifier in the pharmaceutical, food, personal care, and cosmetics industries.

The FDA's approval of these goods as food additives has led to an increase in demand. Additionally, the sodium market is expanding significantly during the analysis period. It is a white-yellowish powder made from the cell walls of brown algae, and it is commonly employed as a thickening and gelling ingredient in the food industry. It is primarily used to make sauces, jellies, whipped cream, and others.

The global alginic acid market is segmented into food and beverage, pharmaceutical, industrial, and others, depending on the application. In 2021, the industrial sector held the largest market share and it is anticipated that it would continue to dominate during the projection period. Alginates are used as a thickening agent in the industrial process of printing textiles, where they combine cellulose with fibers. They are utilized in place of starches, which interact with reactive dyes and reduce color production. They are also used in the surface resizing process while making paper. The substance creates a smooth, continuous film with minimal paper fluffing when coupled with starches. Alginate is a substance found in wax papers that helps to maintain wax on the paper's surface.

The market for alginic acids is divided into five regions based on geography: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific region is projected to maintain its dominance throughout the projection period and hold the greatest revenue share of more than 35% in 2021. Numerous producers dominate the alginates market in the Asia Pacific.

A substantial majority of the alginates produced in the region are attributed to producers in China and Japan. A significant population base in the region supports a thriving pharmaceutical and healthcare sector. Over the next ten years, the market is anticipated to be driven by the expanding range of applications for alginate across various end-use industries and the quick industrialization of Asian nations like China, India, and Thailand. The market is very competitive due to the product's extensive use in paper sizing applications and the presence of multiple paper companies in the region.

The global alginic acid market is dominated by players like SNAP Natural & Alginate Products, KIMICA Corporation, IRO Alginate, Cargill Incorporated, Qingdao Rongde Seaweed Co. Ltd., Qingdao Allforlong Biotech Co. Ltd, and Qingdao Bright Moon Seaweed Group Co. Ltd., Qingdao Gather Great Ocean Algae Industry Group Co. Ltd., Lianyungang Huanyu Seaweed Co. Ltd, Qingdao Fengrun Seaweed Co. Ltd., Protan AS, among others.

This review is based on a report by Zion Market Research, titled “Alginic Acid Market By Type (High M and High G), By Product (Sodium, Calcium, Potassium, Propylene Glycol, and Others), By Application (Food & Beverages, Pharmaceutical, Industrial, and Others) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.”- Report at https://www.zionmarketresearch.com/report/alginic-acid-market

The global alginic acid market is segmented as follows:

By Type

• High M
• High G

By Product

• Sodium
• Calcium
• Potassium
• Propylene Glycol
• Others

By Application

• Food & Beverages
• Pharmaceutical
• Industrial
• Others

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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