Alginate Industry Overview The global alginate market size is projected to reach USD 1.07 billion by 2028 registering a CAGR of 5.0% over the forecast period, according to a new report by Grand View Research, Inc. Rise in product usage as active dyestuff in the textile industry is expected to drive the market over the forecast period. The product is gaining popularity in the food and beverage applications due to rising consumer preference for naturally sourced products. It is predominantly used in the food industry as an emulsifier, gelling agent, and thickening agent. Moreover, increasing application scope in the bakery and confectionery sector is projected to drive the market in the coming years. Increasing consumption of emulsifiers in salad dressing, chocolate, margarine, peanut butter, and several frozen desserts is also one of the key factors for the growing product demand in the food and beverage application. The product has a wide range of applications in the pharmaceutical sector as well owing to its stabilizing, emulsifying, and thickening properties. Increasing demand in tablet coating owing to lower viscosity and as a capsule disintegrant is expected to fuel the market growth. Alginate Market Segmentation Grand View Research has segmented the global alginate market on the basis of type, product, application, and region: Based on the Type Insights, the market is segmented into high M, high G.
Based on the Product Insights, the market is segmented into sodium, calcium, potassium, propylene glycol, others.
Based on the Application Insights, the market is segmented into food & beverages, pharmaceutical, industrial, others.
Alginate Regional Outlook
Key Companies Profile & Market Share Insights The industry is highly competitive with the presence of a large number of product manufacturers. A significant consumer base and abundant availability of raw material in the Asia Pacific region are responsible for the maximum number of manufacturers and higher product consumption in the region. Some prominent players in the global alginate market include:
Order a free sample PDF of the Alginate Market Intelligence Study, published by Grand View Research.
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