The global alginate
market size is expected to reach USD 923.8 million by 2025, according
to a new report by Grand View Research, Inc. The market is expected to exhibit
significant growth on account of growing use of the product as a thickening and
gelling agent.
Food & beverage industry growth in BRICS and the
Middle East, due to increased domestic consumption, is anticipated to heighten
the consumption of alginates. Increasing demand for convenience foods, on
account of rising affinity of the consumers towards the consumption of exotic
foods, is expected to further promote market growth over the forecasted period.
The product finds broad application in the pharmaceutical
sector and acts as an emulsion stabilizer, thickening agent, disintegrant, and
film-forming agent for tablets. Rising demand for alginate in the tablet
coatings on account of superior performance characteristics is expected to fuel
product demand over the forecast period.
Buyers in the industry lay high emphasis on product
quality and exhibit low price sensitivity. Consumers in food industry opt for
extensive product customization in order to attain gelling, thickening, or
stabilizing characteristics, thereby resulting in increased product prices.in
the economy. As a result, manufacturers are forced to alter their margins and
selling price.
Browse full research report on Global Alginate Market: https://www.grandviewresearch.com/industry-analysis/alginate-market
Further
key findings from the report suggest:
- High M type products find extensive use in wound care applications
owing to their superior performance and are likely to grow at a CAGR of
4.2% by revenue from 2016 to 2025
- The demand for sodium alginate is expected to reach a consumption
volume of 21,515.9 tons by 2025 driven by growing use of the product in
issue engineering, drug formulations, and clinical wound treatment owing
to superior physicochemical and biocompatible properties.
- The consumption of the product by food & beverage industry is
expected to grow at CAGR of 4.2% by volume from 2016 to 2025 due to
growing adoption of naturally sourced ingredients by the food processing
industry across the globe.
- The industry in North America is accounted for 26.2% of the global
demand in 2016 due to high consumption by the well-established food &
beverage and pharmaceutical industries coupled by rising application scope
in the aforementioned applications.
- Companies in the industry exhibit a high affinity towards the
production of advanced and customized products in order to cater to the
needs of the consumers across the globe.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/bulk-chemicals
Grand
View Research has segmented the alginate market on the basis of type, product,
application, and region:
Type
Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
- Type M
- Type G
Product
Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
- Sodium
- Calcium
- Potassium
- Propylene
Glycol
- Others
Application
Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
- Food
- Pharmaceutical
- Industrial
- Others
Region
Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Central &
South America
- Brazil
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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