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Global Alginate Market By Type, By Product, By Application, By Region, Industry Analysis and Forecast, 2020 - 2026

ReportLinker
·9-min read

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. Alginates are a set of naturally occurring anionic polysaccharides, acquired from brown algae cell walls.

New York, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Alginate Market By Type, By Product, By Application, By Region, Industry Analysis and Forecast, 2020 - 2026" - https://www.reportlinker.com/p06021873/?utm_source=GNW
Alginates are increasingly utilized in the biomedical and pharmaceutical industries. Moreover, they are widely used in food items due to their stabilizing and thickening characteristics. They have potential application in the food industry and are utilized in the preparation of jellies, jams, and marmalades.

Growing demand for alginate in the food industry due to its excellent gelling properties is anticipated to push the market growth. Alginate has various applications in the healthcare sector due to its easy gelation and biocompatibility. The product is extensively utilized in the development of wound dressing due to its porous structure and high-water absorption ability. Additionally, it finds potential application in the food & beverage sector due to its robust gelling, thickening, and film-forming characteristics.

The rising utilization of calcium and sodium alginate fibers for wound care is expected to fuel the market growth during the forecast period. Leading regulatory agencies such as the FDA and European Commission have allowed the utilization of alginate in the food & beverage sector, which is anticipated to impact the product demand positively. The development of the food and beverage sector, specifically in the Asia Pacific, owing to the rising population, is anticipated to boost the product demand in the region. Moreover, high acceptance of the product in the application industries is anticipated to boost market growth.

By Type

Based on Type, the market is segmented into High G and High M. High G alginates dominated the market and procured the highest revenue share of the market in 2019. Huge acceptance of high G type alginate by food and beverage companies owing to its superior emulsion stabilization and excellent gelling performance is increasing the revenue streams of the segment.

By Product

Based on Product, the market is segmented into Sodium Alginate, Calcium Alginate, Potassium Alginate, Propylene Glycol Alginate and Others. Sodium alginate dominated the market and garnered a significant global market share in 2019. This is credited to its massive usage in the preparation of numerous food items that include sauces, dressings, whipped cream, and jellies. The product provides high stability to the dairy items, like refined and dry cheese, and is utilized to prevent the cracking of icing of cakes and pastries.

By Application

Based on Application, the market is segmented into Industrial, Pharmaceutical, Food & Beverages and Others. The industrial application segment dominated the market and procured the major market share in 2019. The products find application in the welding industry as a binder to grip the wet mass created by the addition of sodium silicate in welding coatings. The alginates utilized in welding rods help in keeping up the shape of the coating on the welding rod at the time of drying and baking. The product is significantly utilized in the cosmetics sector as a thickener as it provides additional properties like moisture retention, which are of major importance to the cosmetics manufacturers.

By Region

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The U.S. is one of the leading markets for alginates worldwide due to massive product penetration across the pharmaceutical sector. The wound care market in the country is highly developed and identified by the massive utilization of cutting-edge wound care products, including alginates. The rising healthcare spending in the form of health insurance has been one of the significant trends influencing the U.S. market. The increasing demand for convenience foods in the region is anticipated to boost the market over the forecast period.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DuPont deThe Global Maternity Innerwear Market size is expected to reach $8.1 billion by 2026, rising at a market growth of 10.3% CAGR during the forecast period. Maternity innerwear is designed in such a way that it can fit growing baby bump, and it stays in place better and more comfortable than regular innerwear. The main disadvantages of wearing regular panties during pregnancy are that it can be stretched as the bump grows, so maternity innerwear saves good non-preggo pairs even after the pregnancy.

Due to advancement in the technologies, the intimate apparel business has also undergone significant changes as new design techniques, measurements, innovative material, and enhanced production methods has been introduced. This lead to the transformation of range, quality, and applications of women’s intimate garments. Increasing awareness for pregnancy garments, the rising number of pregnant women from the working population are the primary factors likely to boost the demand for the maternity innerwear product in the coming years.

The outbreak of the COVID-19 pandemic has a negative impact on product sales across the globe due to disruption of the supply chain. However, online sales favored the market growth as numerous brands focused on marketing their products via e-commerce websites. The specialized retailers operating in the market have been facing strong competition from online or e-commerce retailers. In order to maintain physical stores, high costs are required and this is also limiting their ability to compete with online/e-commerce retailers.

By Product

Based on Product, the market is segmented into Maternity Briefs, Camisoles, Shapewear and Maternity/Nursing Bras. The market was dominated by the maternity briefs segment and procured a considerable revenue share in 2019. Across the world, disposable briefs are becoming popular among consumers due to the increasing need for personal hygiene. Disposable briefs provide a pleasant fit and are ideal for use during the first some days after delivery. The maternity nursing bras segment is anticipated to rise at the highest growth rate during the forecast period. These kinds of innerwear particularly have clasps on the straps in order to facilitate breastfeeding. Wire-free bras, in specific, are increasingly been popular across the globe due to innovative designs.

By Distribution Channel

Based on Distribution Channel, the market is segmented into Online and Offline. The offline segment dominated the market and had a considerable share of the global revenue in 2019. As consumers believe to physically verify the quality of the product before purchasing the product and that is why maternity innerwear manufacturers are encouraged to set up physical retail stores in countries. Hypermarkets, specialty stores, and departmental stores are some of the prevalent offline distribution platforms in the market.

By Region

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America was the largest regional market in 2019 had a significant revenue share of the market. The U.S. and Canada are the two biggest revenue generators in this region. The U.S. has traditionally been a lucrative market for manufacturers of maternity wear with the average number of births at approximately 4 million a year.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Seraphine, FirstCry.com (BrainBees Solutions Pvt. Ltd.), Hennes & Mauritz AB (H&M) (Alshaya Group), Wacoal Holdings Corporation, Hotmilk Lingerie, Fresh Venturz LLP, Purple Panda Fashions Pvt. Ltd., Mamacouture, Triumph International Holdings GmbH, and Adore Me (Belabumbum, LLC).

Scope of the Study

Market Segments covered in the Report:

By Product

• Maternity Briefs

• Camisoles

• Shapewear

• Maternity/Nursing Bras

By Distribution Channel

• Online

• Offline

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• Seraphine

• FirstCry.com (BrainBees Solutions Pvt. Ltd.)

• Hennes & Mauritz AB (H&M) (Alshaya Group)

• Wacoal Holdings Corporation

• Hotmilk Lingerie

• Fresh Venturz LLP

• Purple Panda Fashions Pvt. Ltd.

• Mamacouture

• Triumph International Holdings GmbH

• Adore Me (Belabumbum, LLC)

Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free

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.

Strategies deployed in Alginate Market

Oct-2019: Algaia collaborated with Herbstreith & Fox KG Germany. The collaboration was aimed to provide a sustainable combination of pectin and alginates for multiple baking applications. The combination offers better functionality and high stability, in specific bakery applications.

Jan-2019: Algaia extended its partnership with Gelymar S.A. following which the former company aimed to represent the latter company in Europe for carrageenan (red seaweed extracts). Together, the companies use a joint commercialization channel in the US.

Oct-2018: Ceamsa announced distribution partnership with Palmer Holland, Inc., the North American specialty chemical distributor. Following this partnership, Palmer Holland distributes Ceamsa’s range in the United States Health & Nutrition market. The range includes Pectin, Fiber, Carrageenan, Alginate, and Refined Locust Bean Gum.

Dec-2017: Algaia introduced a new alginate line, Satialgine DVA. This line is the next generation of seaweed extract for premium dairy and non-dairy dessert applications.

Jan-2017: Algaia acquired Cargill’s Alginate business and manufacturing plant. The acquisition complemented Alganact, a start-up company specialized in seaweed biomass, the opening of a greenfield R&D centre in Saint Lo, France and the recruitment of a team of business and technical experts.

Scope of the Study

Market Segments covered in the Report:

By Type

• High G

• High M

By Product

• Sodium Alginate

• Calcium Alginate

• Potassium Alginate

• Propylene Glycol Alginate

• Others

By Application

• Industrial

• Pharmaceutical

• Food & Beverages

• Others

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• 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.

• Shandong Jiejing Group Corporation

Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06021873/?utm_source=GNW

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