Alginate Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

The global Alginate market size is expected to be worth around US$ 1.10 billion by 2030, according to a new report by Vision Research Reports.

The global Alginate market size was valued at US$ 728.8 million in 2020 and is anticipated to grow at a CAGR of 5.02% during forecast period 2021 to 2030.

Growth Factors

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. The Covid-19 pandemic has severely affected the major economies like U.S., Germany, France, Italy, and Brazil. Disruptions in the global supply chain owing to restrictions on the movement of goods have affected product consumption to a certain extent as the production is concentrated in few countries including China, Chile, and Norway.

Report Highlights

In terms of revenue, the high G type dominated the global market with a share of over 52% in 2020 and is expected to retain the leading position over the forecast period. High G is rich in guluronic acid blocks that have a wide range of applications in the cosmetics, food, and pharmaceutical industries. Superior gelling performance is responsible for the higher demand for these products in food applications.

Based on types, the market has been bifurcated into high G and high M. The amount of G and M blocks in the composition of the product is responsible for the performance characteristics of the products. The ratio of M and G in the product determines the gelling and thickening abilities of alginates.

A higher concentration of the G blocks in high G products leads to increased stabilization and thickness. They exhibit buckled chain structure and slower gel formation compared to the high M. Higher product flexibility offered by the high G type is drives its demand in the pharmaceutical industry.

The high M type segment is also expected to witness a steady growth rate of 4.7% over the forecast period. These products form gels quicker as compared to high G products leading to higher application in the cosmetic and food industries. Increasing usage of high M type products, such as beers, ice-creams, and yogurts, is expected to drive the segment growth.

In terms of revenue, propylene glycol led the market with a revenue share of more than 38% in 2020. It is expected to maintain its dominance growing at the fastest CAGR over the forecast period. It is an ester of alginic acid with applications as stabilizers, thickeners, and emulsifiers in the pharmaceutical, food, personal care, and cosmetics industries. These products having approval from the FDA as a food additive adds up to the demand growth.

Sodium emerged as the second-largest product in the market with a revenue share of over 32% in 2020. It is a white-yellowish powder extracted from cell walls of brown algae and widely used as a gelling and thickening agent in the food industry. It is primarily used in the production of sauces, whipped cream, jellies, and other dressings. It also offers superior stability to dairy products leading to increased demand.

Calcium alginates are widely used in pharmaceutical applications like wound care and wound dressing products. The calcium-based fibers enable accelerated healing. Furthermore, in North America and Europe, calcium alginate is approved to be used as an anti-foaming agent in the food industry. It is used as a thickener to increase the viscosity of food products, which is expected to drive the segment growth over the forecast period.

Potassium alginate is a potassium salt of alginic acid and has extensive application in the pharmaceutical industry owing to superior thickening and stabilizing properties. It helps in the reduction of blood sugar and cholesterol levels in humans, which is expected to increase its application in the pharmaceutical industry, thereby supporting the segment growth.

In terms of revenue, industrial application dominated the industry with a share of 38.99% in 2020 and is expected to maintain a dominating position over the forecast period. 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.

The pharmaceutical segment is projected to register the fastest CAGR from 2021 to 2028 owing to high product demand due to its excellent healing capabilities in dry as well as wet conditions. The product also helps in the controlled release of medicines in drugs and can act as disintegrants, which also drive its demand in the pharmaceutical industry. The food and beverages segment is expected to witness a significant CAGR over the forecast period. Increasing demand for food products containing natural ingredients is expected to drive the segment growth.

In terms of volume, Asia Pacific region dominated the market with a share of 37.05% in 2020 and is expected to maintain the leading position over the forecast period. The presence of numerous manufacturers and the easy availability of raw materials are responsible for the region’s growth. The presence of a large consumer base in countries like China and India also drives the regional alginate market.

In terms of revenue, Europe is the leading regional market. Increasing expenditure on research and development in the pharmaceutical industry is expected to drive the product demand, thereby augmenting market growth over the forecast period.

Moreover, increasing consumption by other end-use industries in the leading economies like Germany, France, and the U.K. is supporting the regional market growth. The growing food processing industry in the region has fueled product consumption, which is supported by the approval for its usage in food items from the European Commission under EC 1333/2008.

Key Players

• Algaia

• Marine Biopolymers Limited

• DuPont de Nemours, Inc.

• Ingredients Solutions, Inc.

• KIMICA

• Ceamsa

• Algea

• Shandong Jiejing Group Corporation

Market Segmentation

• Type Outlook

  • High M

  • High G

• Product Outlook 

  • Sodium

  • Calcium

  • Potassium

  • Propylene Glycol

  • Others

• Application Outlook

  • Food and Beverages

    • Bakery

    • Confectionery

    • Meat Products

    • Dairy Products

    • Sauces & Dressings

    • Beverages

    • Others

  • Pharmaceutical

  • Industrial

  • Others

• Regional Outlook 

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

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 2020 and the forecast between 2021 and 2030. 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 2017 to 2030. 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:

• Historic Year: 2017-2020
• Base Year: 2021
• Forecast Year 2021 to 2030

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

Research Methodology:

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

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.

Primary Sources

 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:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.