Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 761 Million | USD 1,077 Million | 5.1% | 2021 |
FrequentlyAsked Questions
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 size.
According to Zion market research report, the global Alginate Market Size 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.
Europe will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to rise in awareness about product features such as bio-compatibility, reduced costs, inert nature, non-toxicity, ease of gelation, and regenerability in continent.
The key market participants include A2 Trading GmbH, KIMICA Corporation, Prinova Europe Limited, Shandong Jiejing Group Corporation, Qingdao Liyang Seaweed Industrial Co., Ltd., Cargill Inc., Prestige Brands, Inc., Qingdao Rongde Seaweed Co., Ltd., Compañía Española de Algas Marinas S.A., and DuPont.
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