The latest report by MarkNtel Advisors, titled “Alginates and Derivatives Market Report By Type (Sodium Alginate, Calcium Alginate, Potassium Alginate, Others), By Form (Powder, Liquid, Gel), By Application (Food & Beverages, Industrial, Pharmaceuticals, Others), Others and Region 2024-2030”, offers a comprehensive analysis of the industry, which comprises insights on the Alginates and Derivatives Market research report.
What is the market outlook for Alginates and Derivatives?
The Global Alginates and Derivatives Market size was valued at around USD 490 million in 2023 & is estimated to grow at a CAGR of around 6.7% during the forecast period, i.e., 2024-30.
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Major Companies Operating in the Alginates and Derivatives Industry:
JRS Group, Kimica, Ingredion, FMC Corporation, Penta Manufacturing Company, Meron Group, Ceamsa, Snp, Inc., Shandong Jiejing Group Corporation, Zhermack Spa, SFM, Qingdao Bright Moon Seaweed Group Co., Ltd., Kamman Group, Agarmex, Central Drug House, Foodchem International Corporation, and Others
Alginates and Derivatives Market Report Segmentation:
By Type
-Sodium Alginate
-Calcium Alginate
-Potassium Alginate
-Others
By Form
-Powder
-Liquid
-Gel
By Application
-Food & Beverages
-Industrial
-Pharmaceuticals
-Others
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Learn More About the Market Report – https://www.marknteladvisors.com/research-library/alginates-derivatives-market.html
Regional Insights:
- North America: The US, Canada, Mexico
- South America: Brazil, Argentina, Rest of South America
- Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
- Asia-Pacific: China, Japan, India, Australia, South Korea, Vietnam, Rest of Asia-Pacific
- Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of Middle East & Africa
Global Alginates and Derivatives Market Driver: Multi-Functionality of Alginates & Derivatives Driving Market Growth
The versatility of alginate and its derivatives serves as a prominent market driver, attributed to their multifunctionality across various applications. Alginate, a natural polysaccharide extracted from brown seaweed, forms the foundation of this versatile compound, while its derivatives offer enhanced properties tailored to specific needs. Their multifunctionality drives market growth through several avenues because they act as gelling agents, thickening and stabilizing agents, exhibit biocompatibility, enable encapsulation and controlled release, facilitate emulsification, retain water and form films, and serve as texturizing agents in food, among other environmental applications.
This broad range of functionalities propels their widespread adoption across diverse industries, fueling the expansion of the alginate market. Furthermore, as industries increasingly prioritize sustainability and seek natural alternatives, alginate’s eco-friendly nature adds to its market appeal, further driving its growth trajectory.
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