According to a new report Global Alginate Market, published by KBV research, The Global Alginate Market size is expected to reach $961.4 Million by 2026, rising at a market growth of 8% CAGR during the forecast period.
High M alginates are considered as products with a larger portion of mannuronic acid blocks. The product has all three kinds of blocks that involve MM, GG, and MG. Variation in structure and molecular appearance impact the gel formation properties. The variation in the characteristics of the product kinds is mainly due to the raw material utilized for manufacturing. Alginates with high M groups display a flat ribbon-like structure, which is mainly responsible for the excellent gelling characteristics of the product. The extent of high G type blocks in the product decides the viscosity, which, as a result, determines the product utilization for multiple applications.
The usage of calcium alginate in the pharmaceutical sector is due to the massive consumption volume of the product. The demand for calcium alginate is boosted by the growing usage in wound care and wound dressing. Additionally, calcium alginates fibers are utilized to promote wound healing and mainly utilized for wounds that display drainage or fluid excretion.
Potassium alginate refers to the potassium salt of alginic acid and it is widely used in the pharmaceutical sector due to its excellent thickening and stabilizing characteristics. The product is also utilized in nutritional and functional foods as it assists in decreasing blood cholesterol and blood sugar.
The food sector has witnessed high consumption levels of alginate because of supportive regulations by the European and North American regulatory authorities and wide application scope across bakery, confectionery, and convenience food manufacturing. Moreover, the product is widely used in the manufacturing of ice creams as it helps to decrease the formation of ice crystals during freezing. The application of the product in the pharmaceutical industry has exhibited considerable growth owing to exhaustive research and development initiatives taken by leading pharmaceuticals organizations for the manufacturing of wound dressing. Alginate offers numerous advantages like a decrease in healing time, which is anticipated to boost the growth of the segment.
In 2019, the market was dominated by Asia-Pacific and held a significant revenue share of the market. This is credited to the increasing product acceptance by the food and beverage industries. The existence of numerous product manufacturers in nations like China and Japan is anticipated to help in maintaining the low-cost product availability in the region, which, as a result, impacts the market growth positively. The Europe market is estimated to grow at a CAGR of 7.6% during (2020 - 2026). Additionally, The North America market would showcase a CAGR of 6.7% during (2020 - 2026).
Full Report: https://www.kbvresearch.com/alginate-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of DuPont de Nemours, Inc., Doehler Group SE, Algaia S.A. (Maabarot Products Ltd.), Marine Biopolymers Ltd. (MBL), Ingredients Solutions, Inc., KIMICA Corporation, IRO Alginate Industry Co., Ltd., Ceamsa, SNAP Natural & Alginate Product Pvt. Ltd., and Shandong Jiejing Group Corporation.
Global Alginate Market Segmentation
- High G
- High M
- Sodium Alginate
- Calcium Alginate
- Potassium Alginate
- Propylene Glycol Alginate
- Food & Beverages
- Rest of North America
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Doehler Group SE
- Algaia S.A. (Maabarot Products Ltd.)
- Marine Biopolymers Ltd. (MBL)
- Ingredients Solutions, Inc.
- KIMICA Corporation
- IRO Alginate Industry Co., Ltd.
- SNAP Natural & Alginate Product Pvt. Ltd.
- Shandong Jiejing Group Corporation