Alginate Market Size, Share, Trends, Growth and Forecast 2028

Alginate Market Size And Industry Analysis

The global Alginate Market accrued earnings worth approximately 761 (USD Million) in 2021 and is predicted to gain revenue of about 1,077 (USD Million) by 2028, is set to record a CAGR of nearly 5.1% over the period from 2022 to 2028. The report offers assessment and analysis of the Alginate Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Million).

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Alginate Market: Outlook

Alginate is a family of compounds naturally occurring in cell wall as well as extracellular matrix of various kinds of species of brown seaweed. It comprises of nearly 40% of biomass of plant. Few of bacterial species can also produce alginates. Additionally, the product finds array of applications in biomedical, cosmetics, and food sectors due to its physical features & biocompatibility as well as its excellent bio-degradability. Furthermore, guluronic & mannuronic are building blocks of alginates. It is natural polysaccharide and can be processed readily for use in hydrogels, microcapsules, foams, microspheres, sponges, and fibers.  Alginate is easily tailored through chemical & physical reactions for obtaining derivatives of various properties, applications, functions, and structures.

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Alginate Market: Growth Factors

Large-scale use of alginate-based biomaterials in drug delivery systems & cell carriers for purpose of tissue-engineering will create new growth avenues for alginate market. In addition to this, non-toxic & non-immunogenic features and high absorption ability of product have made its use more prominent in healing of wounds along with other biomedicine applications. Reportedly, therapeutic efficiency of wound dressings is impacted due to combining of polymers with alginate. Furthermore, the compounds are affordable and this has enhanced its popularity & use in healthcare sector. Apart from this, in food industry, alginate is utilized for coating fruits and vegetables along with offering viral & microbial protection to these food products. Moreover, alginate also acts as stabilizing, gelling, emulsifying, and gelling agent for fruits and vegetables. All these aforementioned factors will spur expansion of alginate market over ensuing years.

Moreover, alginate-based films are edible and find plethora of applications in packaging material that is utilized for water-soluble powder items including powdered milk, coffee, instant tea, and coffee. Additionally, these films are utilized in pharmaceutical sector and are eco-friendly as they enhance bio-degradation of waste items. In addition to this, prominent utilization of alginate in biotechnology and food processing activities has contributed nearly USD 10.2 billion towards alginate market till 2021. Massive product penetration & use for treating metabolic disorders such as diabetes and obesity will drive industry trends. Reportedly, alginate controls proportion of food consumption & energy balance, and regulates glucose homeostasis along with serving as micro-carrier for medicine delivery to control obesity & diabetes. Large-scale use of alginate in probiotic delivery, symbiotic, and some kinds of gut microbiota composition modulators will steer expansion of size of alginate industry. However, product limitations such as low storage capacity, low viscosity, low tear strength, and incompatibility with heavy metals can prove detrimental to growth of business.

Report Scope:

Alginate Market: Regional Growth Drivers

Europe To Contribute Majorly Towards Regional Market Growth Over 2022-2028

Rise in awareness about product features such as bio-compatibility, reduced costs, inert nature, non-toxicity, ease of gelation, and regenerability in region will expedite growth of alginate market in Europe. Utility of alginate in treating cancer tumors, skin inflammation, and osteoporosis will open new gateways of growth for alginate market in Europe.  Reportedly, cost of managing wounds is very high and there is need of developing wound dressings that are affordable & effective. Moreover, in UK, nearly 185 million pounds were spent on wound dressing products in 2012. This has created huge demand for alginate, which is cost effective product that can be utilized in wound dressing, thereby embellishing regional market growth.

Competitive Insights

• A2 Trading GmbH
• KIMICA Corporation
• Prinova Europe Limited
• Shandong Jiejing Group Corporation
• Qingdao Liyang Seaweed Industrial Co.
• Cargill Inc.
• Prestige Brands
• Qingdao Rongde Seaweed Co.
• Compañía Española de Algas Marinas S.A.
• DuPont.

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