Alginates Market Overview:
Alginates are a cluster of anionic polysaccharides naturally derived from cell walls of brown algae. In the biomedical and pharmaceutical industries, alginates may have prospective applications. Finding their thickening and stabilizing characteristics, they are used in meat products as well. They are widely used in the food industry and are used for preparing marmalades, jams and jellies.
In pharmaceuticals, the use of calcium alginate represents a large quantity of item consumption. The increase in usage in wound care and wound dressing is anticipated to influence the requirement for the item. Furthermore, calcium-based polymers are used to speed up the healing of injuries and mainly for injuries where drainage or fluid discharge occurs. An increase in the use for multiple food products of the item as a bulking agent is anticipated to stimulate supply over the period prediction.
Propylene glycol alginate is an alginic acid ester, which is commonly used in thickness, stabilization and emulsification applications. The Food and Drug Administration uses the item in the United States as a food additive, and it is used in different food plans as an ingredient. It is widely used in the beer sector to preserve the beer bubbles, which causes a large amount of intake.
Alginates Market value and expected growth:
The Alginates market was estimated at USD 378 million in 2019 and is expected to grow at a CAGR rate of 4.0% to reach USD 457 million by 2024.
The high-performance gelling supplied by the item should drive the requirement for alginates in the food sector. Moreover, increased demand for the food & is anticipated to fuel business development because of increased food usage, such as ice-creams, wine and yogurts.
Major governmental organizations, including the FDA and the European Commission, which promotes supply, allow the use of the item in the food and beverage sector. Furthermore, the elevated level of brand acceptance by businesses in the applications sectors should lead to development.
The food texture enhancements with the help of alginates have been the promoter of the world market in recent years. In addition, its applications in the textile industry, fish feeds, paper production, pharmaceuticals, welding rod coatings, and so on will trigger more demand in the coming years. Moreover, the increase in consumption of processed convenience food products is expected to propel the growth of the global market over the given period.
The uses of alginate as a thickener for dye paste have helped the industrial textile sector to have a prominent place in the world market. It is further used as a thickening agent, separating agent, and a softening agent in different applications like food and beverages, water-oil emulsions and bakeries. Based on the applications, the food and beverage industry is expected to witness substantial growth in the alginate market.
Drivers and market limitations:
The Alginates market size is exponentially expanding owing to following:
Restraints of Alginates market can be:
Opportunities
Research Methodology:
Market research involves studying market trends, growth patterns, and understanding the influence of variables like macro and microeconomic conditions, geopolitical and demographic conditions on the market value and market dynamics.
The research methodology used to calculate and forecast the Alginates market began by collecting information on the market key players’ sales using multiple sources via secondary research. In order to identify market segmentation, supplier offers have been considered.
Alginates Market Segmentation Analysis:
By Type
By Application
Regional Growth Insights:
The business in Europe is defined by the existence of significant companies such as Algaia and Ceamsa. An abundance of raw materials supports Chile and Norway. The prices of the item in the region were astronomical owing to the high cleanliness and quality requirement of the customers.
Product usage is expected to increase at a CAGR of 5.9% in the Asia Pacific as the apparel and food & drink sector is rapidly developing. Currently, there is restricted consumer penetration in the pharmaceutical industry in the region, as it is small in the developing economies. This, however, generates a business expansion opportunity which is expected over the prediction era to increase the demand in alginates market.
Key players in the market:
Key highlights of the research report:
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
