report-image

Alginate Market Analysis by Type (High M, High G), By Source, by Product, by Function, by Application and by Region: Global Forecast, 2024 - 2033

  • PUBLISHED ON
  • 2024-06-12
  • NO OF PAGES
  • 278
  • CATEGORY
  • Food & Beverages

Market Overview

The Alginate market is predicted to develop at a compound annual growth rate (CAGR) of 5.7%from 2024 to 2033, when it is projected to reach USD 1,764.20 Million, based on an average growth pattern. The market is estimated to reach a value of USD 934.24 Million in 2024.

 

SOURCE: We Market Research

The natural polysaccharide obtained from seaweed, alginate, is produced, distributed, and used worldwide. This industry is known as the alginate market. Alginate is widely used in many industries, such as medicines, food and beverage, textile printing, and cosmetics. Because alginate forms gel-like textures, it is employed as a thickening, stabilizer, and gelling ingredient in food. Alginate is used by the pharmaceutical sector in drug delivery systems and wound care products. Alginate is used as a printing paste in textile printing and as a moisturizing and thickening agent in cosmetics. The growing need for sustainable and natural ingredients in a range of industrial applications is propelling the alginate industry.

Several key factors are the main forces behind the global alginate market are the increasing need for natural and sustainable components in a variety of industries, such as food, medicine, and cosmetics, is what's driving the increased use of alginate. Alginate is the material of choice for pharmaceutical applications including wound dressings and drug delivery systems since it is biocompatible and non-toxic. Because of its ability to gel and thicken, alginate is utilized in the food business in place of artificial additives. Alginate finds application in the expanding textile industry for eco-friendly textile printing methods. The global market for alginate is expanding overall as a result of consumers' increasing awareness of and desire for natural and environmentally friendly products.

 Market Scope

Report Attributes

Description

Market Size in 2024

USD 934.24Million

Market Forecast in 2033

USD 1,764.20 Million

CAGR % 2024-2033

5.7%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2033

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

by Type, by Source, by Product, by Function, by Application and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

 

Alginate Industry: Dynamics & Restrains



 Market opportunity:


 

 We Market Research: Alginate Dashboard

Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.


Alginate Segmentation

Market- By Type Analysis

By Type, the Alginate Market is Categories into High M, High G. The High G segment accounts for the largest share of around 58% in 2024.


The high G type of alginate is rich in guluronic acid and has several applications in the food and pharmaceutical industries. Because the high G segment can cause inflammation to a great extent, the medical community is increasingly asking for more of it.

The following segments are part of an in-depth analysis of the global Alginate market:

Market Segments

 

By  Source

·         Laminaria

·         Macrocystis

·         Ascophyllum

By  Product

·         Sodium Alginate

·         Calcium Alginate

·         Potassium Alginate

·         Propylene Glycol Alginate

By  Function

·         Thickener

·         Emulsifier

·         Stabilizer

·         Acidity Regulator

by Application

·         Food & Beverages

·         Medical & Pharmaceutical

·         Cosmetic

·         Textile

·         Pulp & Paper

 

Alginate Industry: Regional Analysis

Asia Pacific Market Forecast

Asia Pacific dominate the Alginate Market with the highest revenue generating market with share of more than 47%. The increasing need for alginate from the pharmaceutical industry is the main factor propelling the alginate market's growth in the region. Owing to their convenient access to raw materials, China and India have made the largest contributions to the market's growth. The gradually rising food industries in China, India, and other major countries will maintain the region's market dominance in the global alginate industry. 


North America Market Statistics

North America Alginate market is second largest market due to the market for alginates in North America is anticipated to increase due to the region's growing expenditure on health supplements. The rising need for alginates from the food and beverage sector is responsible for the alginate market's expansion in North America. A further factor supporting the growth of the alginate market in North America is the presence of significant important players in the region. 

Europe Market Forecasts

Europe is expected to be the fastest-growing regional segment of the Alginate market during the forecast period. In the Europe, the growth of the alginate market in Europe has been aided by the existing pharmaceutical industries in Germany and the United Kingdom. Furthermore, the increasing need for high-quality personal care and cosmetic goods in the area is noted to be a contributing factor to the increased use of alginate.

Key Market Players

·         Cargill Inc.

·         Algea

·         Ceamsa

·         Marine Biopolymers Limited

·         Ingredient Solutions Inc

·         Penford Corporation

·         DuPont De Numerous Inc.

·         KIMICA

·         Dow Chemical Company

·         Dohler Group

·         Other

What is the market size of Alginate Market in 2024?

Alginate Market was valued at USD 934.24Million in 2024.

What is the growth rate for the Alginate Market?

Alginate Market size will increase at approximate CAGR of 5.7%during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the Alginate Market Are Cargill Inc., Algea, Ceamsa, Marine Biopolymers Limited, Ingredient Solutions Inc, Penford Corporation, DuPont De Numerous Inc., KIMICA, Dow Chemical Company, Dohler Group and Others.

Which region dominates the Alginate Market?

Asia Pacific dominates the market with an active share of 47%.

1.      Global Alginate Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Alginate Market Scope and Market Estimation

1.2.1. Global Alginate Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2033)

1.2.2. Global Alginate Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033

1.3.    Market Segmentation

1.3.1. Component of Global Alginate Market

1.3.2. Technology of Global Alginate Market

1.3.3. Product of Global Alginate Market

1.3.4. Region of Global Alginate Market

2.      Executive Summary

2.1.    Global Alginate Market Industry Trends under COVID-19 Outbreak

2.1.1. Global COVID-19 Status Overview

2.1.2. Influence of COVID-19 Outbreak on Global Alginate Market Industry Development

2.2.    Market Dynamics

2.2.1. Drivers

2.2.2. Limitations

2.2.3. Opportunities

2.2.4. Impact Analysis of Drivers and Restraints

2.3.    Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.    Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.    Porter’s Five Forces Analysis

2.5.1. Bargaining Power of Suppliers

2.5.2. Bargaining Power of Buyers

2.5.3. Threat of Substitutes

2.5.4. Threat of New Entrants

2.5.5. Competitive Rivalry

2.6.    Value Chain / Ecosystem Analysis

2.7.    Russia-Ukraine War Impacts Analysis

2.8.    Economic Downturn Analysis

2.9.      Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.      Global Alginate Market Estimates & Historical Trend Analysis (2019 - 2022)

4.      Global Alginate Market Estimates & Forecast Trend Analysis, by TYPE

4.1.    Global Alginate Market Revenue (US$ Mn) Estimates and Forecasts, by TYPE, 2019 to 2033

4.1.1. High M

4.1.2. High G

5.      Global Alginate Market Estimates & Forecast Trend Analysis, by Source

5.1.    Global Alginate Market Revenue (US$ Mn) Estimates and Forecasts, by Source, 2019 to 2033

5.1.1. Laminaria

5.1.2. Macrocystis

5.1.3. Ascophyllum

6.      Global Alginate Market Estimates & Forecast Trend Analysis, by Product

6.1.    Global Alginate Market Revenue (US$ Mn) Estimates and Forecasts, by Product, 2019 to 2033

6.1.1. Sodium Alginate

6.1.2. Calcium Alginate

6.1.3. Potassium Alginate

6.1.4. Propylene Glycol Alginate

7.      Global Alginate Market Estimates & Forecast Trend Analysis, by FUNCTION

7.1.    Global Alginate Market Revenue (US$ Mn) Estimates and Forecasts, by Product, 2019 to 2033

7.1.1. Thickener

7.1.2. Emulsifier

7.1.3. Stabilizer

7.1.4. Acidity Regulator

8.      Global Alginate Market Estimates & Forecast Trend Analysis, by APPLICATION

8.1.    Global Alginate Market Revenue (US$ Mn) Estimates and Forecasts, by Product, 2019 to 2033

8.1.1. Food & Beverages

8.1.2. Medical & Pharmaceutical

8.1.3. Cosmetic

8.1.4. Textile

8.1.5. Pulp & Paper

9.      Global Alginate Market Estimates & Forecast Trend Analysis, by Region

9.1.    Global Alginate Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2033

9.1.1. North America

9.1.2. Europe

9.1.3. Asia Pacific

9.1.4. Middle East & Africa

9.1.5. South America

10.  North America Alginate Market: Estimates & Forecast Trend Analysis

10.1.      North America Alginate Market Assessments & Key Findings

10.1.1.   North America Alginate Market Introduction

10.1.2.   North America Alginate Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

10.1.2.1.    By TYPE

10.1.2.2.    By Source

10.1.2.3.    By Product

10.1.2.4.    By FUNCTION

10.1.2.5.    By APPLICATION

10.1.2.6.    By Country

10.1.2.6.1. The U.S.

10.1.2.6.2. Canada

10.1.2.6.3. Mexico

11.  Europe Alginate Market: Estimates & Forecast Trend Analysis

11.1.  Europe Alginate Market Assessments & Key Findings

11.1.1.   Europe Alginate Market Introduction

11.1.2.   Europe Alginate Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

11.1.2.1.    By TYPE

11.1.2.2.    By Source

11.1.2.3.    By Product

11.1.2.4.    By FUNCTION

11.1.2.5.    By APPLICATION

11.1.2.6.    By Country

11.1.2.6.1. Germany

11.1.2.6.2. U.K.

11.1.2.6.3. France

11.1.2.6.4. Italy

11.1.2.6.5. Spain

11.1.2.6.6. Russia

11.1.2.6.7. Rest of Europe

12.  Asia Pacific Alginate Market: Estimates & Forecast Trend Analysis

12.1.  Asia Pacific Market Assessments & Key Findings

12.1.1.   Asia Pacific Alginate Market Introduction

12.1.2.   Asia Pacific Alginate Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

12.1.2.1.    By TYPE

12.1.2.2.    By Source

12.1.2.3.    By Product

12.1.2.4.    By FUNCTION

12.1.2.5.    By APPLICATION

12.1.2.6.    By Country

12.1.2.6.1. China

12.1.2.6.2. Japan

12.1.2.6.3. India

12.1.2.6.4. Australia

12.1.2.6.5. South Korea

12.1.2.6.6. ASEAN

12.1.2.6.7. Rest of Asia Pacific

13.  Middle East & Africa Alginate Market: Estimates & Forecast Trend Analysis

13.1.  Middle East & Africa Market Assessments & Key Findings

13.1.1.   Middle East & Africa Alginate Market Introduction

13.1.2.   Middle East & Africa Alginate Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

13.1.2.1.    By TYPE

13.1.2.2.    By Source

13.1.2.3.    By Product

13.1.2.4.    By FUNCTION

13.1.2.5.    By APPLICATION

13.1.2.6.    By Country

13.1.2.6.1. U.A.E.

13.1.2.6.2. Saudi Arabia

13.1.2.6.3. Egypt

13.1.2.6.4. South Africa

13.1.2.6.5. Rest of Middle East & Africa

14.  South America Alginate Market: Estimates & Forecast Trend Analysis

14.1.  South America Market Assessments & Key Findings

14.1.1.   South America Alginate Market Introduction

14.1.2.   South America Alginate Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

14.1.2.1.    By TYPE

14.1.2.2.    By Source

14.1.2.3.    By Product

14.1.2.4.    By FUNCTION

14.1.2.5.    By APPLICATION

14.1.2.6.    By Country

14.1.2.6.1. Brazil

14.1.2.6.2. Argentina

14.1.2.6.3. Colombia

14.1.2.6.4. Rest of South America

15.  Competition Landscape

15.1.  Global Alginate Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

15.2.  Global Alginate Market Competition White Space Analysis, By Product

15.3.  Global Alginate Market Competition Heat Map Analysis, By Product

15.4.  Global Alginate Market Concentration & Company Market Shares (%) Analysis, 2022

16.  Company Profiles

16.1.                     Cargill Inc.

16.1.1.   Company Overview & Key Stats

16.1.2.   Financial Performance & KPIs

16.1.3.   Product Portfolio

16.1.4.   Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

16.2.      Algea

16.3.      Ceamsa

16.4.      Marine Biopolymers Limited

16.5.      Ingredient Solutions Inc

16.6.      Penford Corporation

16.7.      DuPont De Numerous Inc.

16.8.      KIMICA

16.9.      Dow Chemical Company

16.10.  Dohler Group

16.11.  Others

17.  Research Methodology

17.1.  External Transportations / Databases

17.2.  Internal Proprietary Database

17.3.  Primary Research

17.4.  Secondary Research

17.5.  Assumptions

17.6.  Limitations

17.7.  Report FAQs

18.  Research Findings & Conclusion

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Sample Request Customized Requirement Speak to Analyst Check Discount
CHOOSE LICENSE TYPE
QLOUD
Pricing

Select a license type that suits your business needs

Single User Access

US $3499

Only Three Thousand Four Hundred Ninety Nine US dollar

Buy Now
  • 1 User access
  • 15% Additional Free Customization
  • Free Unlimited post-sale support
  • 100% Service Guarantee until achievement of ROI
Multi User Cost

US $4499

Only Four Thousand Four Hundred Ninety Nine US dollar

Buy Now
  • 5 Users access
  • 25% Additional Free Customization
  • Access Report summaries for Free
  • Guaranteed service
  • Dedicated Account Manager
  • Discount of 20% on next purchase
  • Get personalized market brief from Lead Author
  • Printing of Report permitted
  • Discount of 20% on next purchase
  • 100% Service Guarantee until achievement of ROI
Enterprise User Cost

US $5499

Only Five Thousand Four Hundred Ninety Nine US dollar

Buy Now
  • Unlimited User Access
  • 30% Additional Free Customization
  • Exclusive Previews to latest or upcoming reports
  • Discount of 30% on next purchase
  • 100% Service Guarantee until achievement of ROI