Alginate Market Size, Share, Growth, Trends and Forecast 2023

A research study titled, “Alginate Market by Type, Product and Application- Global Industry Analysis and Forecast to 2023” published by Crystal Market Research, states that the Alginate Market is projected to be around $0.84 billion by 2023.

Market Scenario:

The Alginate Market was worth USD 0.54 billion in the year 2014 and is expected to reach approximately USD 0.84 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.97% during the forecast period. This market defines and segments the Alginate market with an analysis and forecast of Type, Product, and Applications of alginate. Alginate Market is divided into three categories that are type, product, and applications. Type segments are categorized into High G and High M. Product is classified into Calcium Alginate, Potassium Alginate, Sodium Alginate, Propylene Glycol Alginate, and others. By Application this market is segmented into Pharmaceutical, Industrial, Food, and other applications.

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Key Players:

·         Danisco

·         Algaia

·         Dohler Group

·         Marine Biopolymers Limited (MBL)

·         Kimica Corporation

·         AlgeaProdukter AS

·         IRO Alginate Industry Co.Ltd.

·         Shandong Jiejing Group Corporation SNP Inc.

·         Ingredients Solutions Inc

Asia-Pacific is the key region for Alginate Market

Due to rapid development of the food & beverage and textile industry, Asia-Pacific region shows the immense growth in Alginate Market.

Pharmaceutical industry fulfills the crucial area of Alginate Market

The utilization of the product in the pharmaceutical industry has observed a high growth due to concentrated research and development activities undertaken by chief pharmaceutical companies for the production of wound dressing.

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Utilization of calcium alginate fuels the market

The usage of calcium alginate in pharmaceutical industryshows the significant demand for the product and is predictable to be determined by the increasing use in wound care and wound dressing. Additionally, fibers based on calcium alginate used to accelerate wound healing and are mainly used for fluid excretion.

High M alginates are products utilized with higher percentage of mannuronic acid blocks.

Alginate with high M groups shows a flat ribbon-like structure, which is mainly accountable for the greater gelling properties of the product.

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