Alginate Market by Product (Sodium Alginate, Calcium Alginate, Potassium Alginate, Propylene Glycol Alginate, and Others), Function (Stabilizers, Thickeners, Gelling Agents, and Emulsifiers), Application (Food and Beverages, Pharmaceutical, Industrial, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026587 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 775.7 million mark in 2022 and is expected to hit US$ 1,249.3 million by 2030, recording a CAGR of 6.1% during the forecast period.

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The increased investments by manufacturers in procurement technology are offering lucrative growth opportunities for the market

The market is witnessing significant growth owing to the increasing product demand from the food industry as a thickening agent, emulsifier, and gelling agent. Increased acceptance from the food industry and higher demand for natural ingredients are the key drivers for alginate market. In addition, regulatory grants received from various organizations like the U.S. Food & Drug Administration (FDA) and the European Commission are also contributing to the growth of the market. Moreover, the rapid developments in the wound care industry enabled the use of alginate in several advanced wound care products. This factor is anticipated to augment the market growth.

Within the report, the market is segmented into product, function, application, and geography. By product, the market is further segmented into sodium alginate, calcium alginate, potassium alginate, propylene glycol alginate, and others. On the basis of function, the market is categorized into stabilizers, thickeners, gelling agents, and emulsifiers. Based on application, the market is divided into food and beverages, pharmaceutical, industrial, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Increasing demand for natural ingredients in food and beverage industry to drive the market

Alginate is an anionic polysaccharide mainly found in brown algae. It is made from two copolymers, guluronic acid and mannuronic acid. The copolymers provide strength and flexibility to alginate. Features such as high viscosity, gelling properties, and high stability make alginate an important industrial polysaccharide. It is commercially available in filamentous and granular forms of sodium, calcium and potassium alginate that can bind with water to form a viscous gum. As a result, alginate is widely used for casting of dental molds and thickening of food products, such as jellies, jams, ice-creams, marmalades, frozen desserts, chocolates, and instant noodles. Moreover, alginate has a number of applications in the pharmaceutical industry such as formation of gels, stabilizing agents, and localized drug delivery. The use of alginate hydrogels for tissue drug delivery is being widely used nowadays. Alginate is also used in wound dressings. These dressing are light, nonwoven fabrics derived from algae or seaweed, designed for moderately to heavily exudating wounds, they are highly absorbent, have mild hemostatic properties, reduce bacterial infections, and can stay on the wound bed for days. Alginate also finds extensive applications in processing textiles, paper, and pulp. In comparison to the traditionally used thickening compounds, alginate has higher biocompatibility, cost-effectiveness, and lower toxicity.

Rising adoption in various industries is one of the major factors accelerating the market growth

The industries for alginate market are the food and beverages, pharmaceutical, industrial, and others. The product has a wide application scope in the pharmaceutical sector as it acts as a thickening agent, emulsion stabilizer, film-forming agent, and disintegrant for tablets. Growing product demand in the coating of tablets with low viscosity is fueling the market growth. In addition, alginates have an industrial application in textile printing where they are used as a thickening agent as they combine cellulose in fibers. They are used as a substitute for starches as the latter react with reactive dyes, which leads to lower color yield. They are also used in paper manufacturing for surface resizing. The product is used with starches providing smooth, continuous film and reduced paper fluffing. Alginate as an ingredient in wax papers helps to keep wax on the paper surface. It also acts as a film former and improves the printability of the paper.

Recent strategic developments in alginate market

The alginate market has undergone several significant developments, and a few of these have been mentioned below:

  • In November 2020, KIMIA completed the expansion of the alginate production facility in Japan by increasing the building and packaging capacity for the products alginic acid & its derivatives and propylene glycol alginate. The plant now has a manufacturing capacity of 2000kg per hour.
  • In October 2019, Algaia, a French distributor of seaweed extracts, formed a joint venture with Herbstreith & Fox, a prominent gelatin manufacturer, to offer a sustainable gelling agent and pectin formulation. This mixture forms increased stability and functionality, making it ideal for cookies, pies, tops, and fillings in several baking applications.

 

The alginate market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Algaia, Marine Biopolymers Limited, DuPont de Nemours Inc., Ingredients Solutions Inc., and KIMICA are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Alginate manufacturers
  • Various industry players
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Wound care product suppliers
  • Alginate distributors and sales firms
  • End users of alginate products
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Product:
    • Sodium Alginate
    • Calcium Alginate
    • Potassium Alginate
    • Propylene Glycol Alginate
    • Others
  • Function:
    • Stabilizers
    • Thickeners
    • Gelling Agents
    • Emulsifiers
  • Application:
    • Food and Beverages
    • Pharmaceutical
    • Industrial
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Algaia
    • Marine Biopolymers Limited
    • DuPont de Nemours Inc.
    • Ingredients Solutions Inc.
    • KIMICA

The List of Companies
- Algaia
- Marine Biopolymers Limited
- DuPont de Nemours Inc.
- Ingredients Solutions Inc.
- KIMICA

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