The global Alginate market size is expected to be worth around US$ 1.01 billion by 2027, according to a new report by Vision Research Reports.
The global Alginate market size was valued at US$ 706.8 million in 2019 and is anticipated to grow at a CAGR of 4.6% during forecast period 2020 to 2027.
Increasing product demand from the processed food industry as a superior thickening and is expected to augment the growth of the market.
Growth of the food and beverage industry in BRICS and the Middle East owing to increasing domestic consumption is anticipated to heighten the consumption of alginates. Increasing demand for convenience foods on account of the rising affinity of the consumers towards the consumption of these products is expected to further promote the market growth over the forecast period.
Propylene glycol alginate is expected to register high gains on account of its increasing use in the beer manufacturing industry, primarily for stabilization of beer foam. Therefore, rising consumption of beer across the globe due to the surge in female drinkers and expansion of the retail network in developing regions are expected to increase the demand for alginate in the coming years.
Alginate finds broad application in the pharmaceutical sector and acts as an emulsion stabilizer, thickening agent, disintegrant, and film-forming agent for tablets. Rising demand for alginate in the tablet coatings on account of superior performance characteristics is expected to fuel the product demand over the forecast period.
High G led the market and accounted for more than 52.0% share of the global revenue in 2019. High adoption of high G type alginate by food and beverage manufacturers on account of its excellent emulsion stabilization and superior gelling performance is contributing to the growth of the segment.
High M alginates are products with a higher percentage of mannuronic acid blocks. The product contains all three types of blocks, including MM, GG, and MG, with the performance influenced by the composition of the product. Differences in molecular appearance and structure affect the gel formation characteristics.
The difference in the properties of the product types is primarily due to the raw material used for production. Alginates with high M groups exhibit a flat ribbon-like structure, which is primarily responsible for the superior gelling properties of the product. The extent of high G type blocks in the product determines the viscosity, which, in turn, determines the product usage for various applications.
Sodium alginate led the market and accounted for 41.2% share of the global volume in 2019 on account of its high utilization in preparing various food products, including sauces, dressings, whipped cream, and jellies. The product imparts superior stability to the dairy products, such as refined and dry cheese, and is used to prevent the cracking of icing on cakes and pastries.
The use of calcium alginate in the pharmaceutical industry accounts for a high consumption volume of the product. The demand for calcium alginate is likely to be driven by the rising use in wound care and wound dressing. In addition, calcium alginate fibers are used to accelerate wound healing and are primarily used for wounds that exhibit drainage or fluid excretion.
The industrial application segment led the market and accounted for 39.1% share of the overall revenue in 2019. The products are used in the welding industry as a binder to hold the wet mass formed by the addition of sodium silicate to welding coatings. The alginates used in welding rods aid in maintaining the shape of the coating on the welding rod during drying and baking. The product is primarily used in the cosmetics industry as a thickener as it offers additional properties, such as moisture retention, which is of primary importance to the cosmetics manufacturers.
The food and beverage application segment held the second-largest revenue share in the market in 2019. This is attributed to the high adoption of alginate as a thickening agent, stabilizer, and flavoring adjuvant due to superior product stability and performance across a wide temperature range.
The food industry has exhibited high consumption levels of alginate due to favorable regulations by the European and North American regulatory authorities and high application scope across bakery, confectionery, and convenience food manufacturing. In addition, the product finds extensive application in manufacturing ice creams as it aids in the reduction of the formation of ice crystals during freezing.
Asia Pacific dominated the market and accounted for a 36.56% share of the global volume in 2019 owing to high product adoption by food and beverage manufacturers. The presence of a large number of product manufacturers in countries, such as China and Japan, is expected to aid the low-cost product availability in the region, which, in turn, benefits the market growth.
The industry in Europe is characterized by the presence of major manufacturers, such as Algaia and Ceamsa, which are involved in the manufacturing of advanced products. The abundance of raw materials in Norway aids production. The price of the product in the region has been observed to be high due to the consumer demand for high purity and quality.
Marine Biopolymers Limited (MBL)
DuPont de Nemours, Inc.
Ingredients Solutions, Inc.
IRO Alginate Industry Co., Ltd.
SNAP Natural & Alginate Product Pvt. Ltd.
Shandong Jiejing Group Corporation
Propylene Glycol Alginate
Food & Beverages
Central & South America
Middle East & Africa
The Alginate market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Alginate market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Alginate market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Alginate market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Alginate market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Alginate capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Alginate by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Alginate market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Alginate market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Alginate market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Alginate industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Alginate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Alginate market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Alginate market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Alginate market. These factors have benefited the growth of the global market for Alginate. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Alginate. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Alginate are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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