Alginates Market Size

  • Report ID: 4051
  • Published Date: May 21, 2023
  • Report Format: PDF, PPT

Alginates Market Size

Alginates Market size is estimated to reach USD 15 Billion by the end of 2035, growing at a CAGR of 6% during the forecast period i.e., 2023-2035. In the year 2022, the industry size of alginates was over USD 900 Million.The rising consumption of ice-creams and yogurt is boosting the market expansion. Alginate can be a healthy substitute for starch and gelatin, which are used as stabilizers in ice creams & yogurt.

Moreover, with rising awareness of bio-based products and sustainable ingredients, the demand for alginates is also increasing. Alginates are extracted from seaweeds and are highly preferred as a replacement for synthetic additives.

Alginates Market
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Author Credits:  Parul Atri

  • Report ID: 4051
  • Published Date: May 21, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing growth of the textile industry and higher production of fruits and vegetables are the major factors driving the market growth.

The market size of alginates is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023-2035.

The availability of low-cost substitutes, and the high cost associated with procuring raw materials are estimated to hamper the market growth are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are IRO Alginate Industry Co., Ltd., One.Five GmbH, ZIBO WANGFEI SEAWEED TECH CO., LTD., FMC Corporation, QINGDAO GFURI SEAWEED INDUSTRIAL CO., LTD., SNP, Inc., Ashland Global Holdings Inc., KIMICA Corporation, Shandong Jiejing Group Corp., and BASF SE

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by product, application, and by region.

The pharmaceutical segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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