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 Alginate Market: 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: 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
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-alginate-market
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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