Dublin, March 02, 2021 (GLOBE NEWSWIRE) -- The "Global Alginate Market By Type, By Product, By Application, By Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
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. 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.
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.
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.
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.
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.
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Key Topics Covered:
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.3 Market Scope
1.4.1 Global Alginate Market, by Type
1.4.2 Global Alginate Market, by Product
1.4.3 Global Alginate Market, by Application
1.4.4 Global Alginate Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1.2 Market Composition
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Alginate Market by Type
3.1 Global High G Market by Region
3.2 Global High M Market by Region
Chapter 4. Global Alginate Market by Product
4.1 Global Sodium Alginate Market by Region
4.2 Global Calcium Alginate Market by Region
4.3 Global Potassium Alginate Market by Region
4.4 Global Propylene Glycol Alginate Market by Region
4.5 Global Other Product Market by Region
Chapter 5. Global Alginate Market by Application
5.1 Global Industrial Market by Region
5.2 Global Pharmaceutical Market by Region
5.3 Global Food & Beverages Market by Region
5.4 Global Others Market by Region
Chapter 6. Global Alginate Market by Region
6.1 North America Alginate Market
6.2 Europe Alginate Market
6.3 Asia Pacific Alginate Market
6.4 LAMEA Alginate Market
Chapter 7. Company Profiles
7.1 DuPont de Nemours, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.2 Doehler Group SE
7.2.1 Company Overview
7.3 Algaia S.A. (Maabarot Products Ltd.)
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
220.127.116.11 Partnerships, Collaborations, and Agreements:
18.104.22.168 Product Launches and Product Expansions:
22.214.171.124 Acquisition and Mergers:
7.4 Marine Biopolymers Ltd. (MBL)
7.4.1 Company Overview
7.5 Ingredients Solutions, Inc.
7.5.1 Company Overview
7.6 KIMICA Corporation
7.6.1 Company Overview
7.7 IRO Alginate Industry Co., Ltd.
7.7.1 Company Overview
7.8.1 Company Overview
7.8.1 Recent strategies and developments:
126.96.36.199 Partnerships, Collaborations, and Agreements:
7.9 SNAP Natural & Alginate Product Pvt. Ltd.
7.9.1 Company Overview
7.10. Shandong Jiejing Group Corporation
7.10.1 Company Overview
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