Alginates Market Size

Alginates Market size was over USD 951.3 Million in 2023 and is projected to exceed USD 1.95 Billion by 2036, growing at over 5.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of alginates is assessed at USD 1002.6 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.