The market is showcasing potential in the mentioned forecasting period. The Alginates Market continues to gain momentum owing to the growing demand for improving food textures. Additionally, diverse uses of alginate such as in immobilizing biocatalysts, pharmaceutical products, textile printing, welding rod coatings, paper manufacturing and binders for fish feeds and releasing agents is likely to fuel the growth of alginate market over the forecast period. Moreover, increase in consumption of processed convenience food products is likely to propel the growth of global alginate market over the given forecast period.
Alginates Market was worth $378.2 million in 2019 and estimated to be growing at a CAGR of 3.86%, to reach $457.1 million by 2024.
The industrial textile sector has been dominating the demand for alginate over the last few years. In the industrial textile sector, alginates are generally used as thickeners for the paste containing dye. In food and beverage industry, alginate is mostly used in sauces and ice-creams, acting in the form of a stabilizing and thickening agent. Also, it is used as a separating agent in water-oil emulsions and as a softening agent for bakery applications. In terms of application, food and beverage industry is expected to witness substantial growth in the alginate market.
Key market drivers which are influencing the demand of alginate is coming from the food and beverage manufacturers for its stabilizing, thickening, gelling and emulsifying properties. The reason behind its rising demand in F&B industry is pertaining to its extraction from natural seaweeds, which is considered to be the safest food additive in the food industry and also certified by WHO and FAO. Additionally, there is also an increased demand from textile industry primarily for its use in printing, designing and dying on cotton and jute fabrics.
The Alginates Market is broadly categorized by Type (Sodium Alginate, Calcium Alginate, Potassium Alginate, PGA, Others) and by Application (Food & Beverage, Industrial, Pharmaceuticals, Others). Sodium alginate has varieties of application in food and textile printing industry and due to which it is expected that it fuels the market growth of alginate over the forecast period. Also, the Primary demand of alginate in global market accounts from food and beverage, paper and textile industry. In food and beverage industry, the demand of alginate is increasing due to its higher demand in preparing products such as ice cream, jellies, salads, alcoholic drinks, lactic drinks etc. Geographically, the market is analyzed under various regions namely Europe, North America, Asia-Pacific, Latin America and Rest of the World. As per the alginate production, major producing regions are Europe and Asia Pacific and contributes the majority of market share in the global level market. In terms of value, it is expected that Europe and North America account for the major share in terms of value and also as a lucrative market in near future.
Some of the major companies dominating the Alginates Market, by their products and services include:
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Sodium Alginate
5.1.3 Calcium Alginate
5.1.4 Potassium Alginate
5.1.5 PGA
5.1.6 Others
5.1.7 Y-o-Y Growth Analysis, By Type
5.1.8 Market Attractiveness Analysis, By Type
5.1.9 Market Share Analysis, By Type
5.2 Application
5.2.1 Introduction
5.2.2 Food & Beverage
5.2.3 Industrial
5.2.4 Pharmaceuticals
5.2.5 Others
5.2.6 Y-o-Y Growth Analysis, By Application
5.2.7 Market Attractiveness Analysis, By Application
5.2.8 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.4 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.4 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.3 By Type
6.1.5.4 By Application
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Ashland Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Brenntag AG
8.3 Cargill Inc.
8.4 Dohler Group
8.5 FMC Corporation
8.6 Dastech International Inc.
8.7 E.I. DuPont De Nemours and Company
8.8 Kimica Corporation
8.9 Dow Chemical Company
8.10 Penford Corporation
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
