Alginate Market Business Segmentation by Revenue, Present Scenario and Growth Prospects 2030

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Alginate Market was worth USD 759.8 million in 2021 and is anticipated to expand at a CAGR of 5% over 2022-2030, thereby accumulating USD 1195.58 million by the end of the analysis timeframe.

Alginate is the term usually used for the salts of alginic acid, but it can also refer to all the derivatives of alginic acid and alginic acid itself; in some publications the term "algin" is used instead of alginate. Brown algae's cell walls include alginate, which is an alginic acid salt found in its calcium, magnesium, and sodium forms. The extraction procedure aims to produce sodium alginate that is dry and powdered. While the sodium salt dissolves in water, the calcium and magnesium salts do not. Alginate is extracted from seaweed using a process in which all of the alginate salts are converted to sodium salt, dissolved in water, and the seaweed residue is filtered out.

The first is to add acid, which causes alginic acid to form; this does not dissolve in water and the solid alginic acid is separated from the water. The alginic acid separates as a soft gel and some of the water must be removed from this. After this has been done, alcohol is added to the alginic acid, followed by sodium carbonate which converts the alginic acid into sodium alginate. The sodium alginate does not dissolve in the mixture of alcohol and water, so it can be separated from the mixture, dried and milled to an appropriate particle size that depends on its particular application.

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Global Alginate Market- Segment analysis

By Source

  • Laminaria
  • Macrocystis
  • Ascophyllum
  • Others

By Type

  • High M
  • High G

The High G segment is anticipated to register a CAGR of more than 3% over the forecast duration. This is attributable to the multiple benefits associated with high G alginates like higher biocompatibility and ability to boost cytokine production and immunogenicity so as to increase their adoption in biomedical science and engineering.

Moreover, increasing government incentives in the healthcare sector and surging prevalence of diseases are fueling the demand for biomedical materials devices, thereby expanding the overall market size.

By application

  • Food Beverages
  • Bakery
  • Confectionary
  • Meat Products
  • Dairy Products
  • Sauces Dressings
  • Beverage
  • Others
  • Medical Pharmaceutical
  • Cosmetic
  • Textile
  • Pulp Paper
  • Others

Among these, the pharmaceutical segment is projected to amplify with a notable CAGR ascribing to alginate’s efficient healing abilities in both wet and dry conditions. In fact, it can also act as a disintegrate and can help to facilitate controlled release of medicines in drugs.

By Product

  • Sodium Alginate
  • Calcium Alginate
  • Potassium Alginate
  • Propylene Glycol

By Function

  • Thickener
  • Emulsifier
  • Stabilizer
  • Acidity Regulator
  • Others

Top Key Players:-

  • CP Kelco
  • Ingredients Solutions Inc.
  • Marine Biopolymers Limited
  • Dohler Group
  • Danisco A/S
  • FMC Corporation
  • Kimica Corporation
  • IRO Alginate Industry Co., Ltd.
  • SNAP Natural Alginate Products Pvt Ltd.
  • Qingdao Gather Great Ocean Algae Industry Group Co. Ltd.
  • Lianyungang Huanyu Seaweed Co. Ltd
  • DuPont de Nemours
  • Marine Biopolymers Ltd
  • Ingredients Solutions, Inc,
  • Ceamsa
  • Shandong Jiejing Group.
  • The JRS Group, Ltd
  • KIMICA Corporation
  • Maabarot Products Ltd
  • Ashland Inc.
  • Zibo Wangfei Seaweed Tech. Co., Ltd.
  • Meron Group
  • WIBERG Canada
  • Hangzhou Mobel Biotechnology Co., Ltd
  • SNP Inc.
  • Qingdao Lanneret Biochemical Co., Ltd.
  • IRO Alginate Industry Co., Ltd
  • WillPowder, LLC

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