Alginate and derivatives market expected to accelerate at a CAGR of 5.7% by 2028, driven by strong growth in Asia Pacific region

Global alginates and derivatives market

DUBLIN, March 11, 2024 (Globe Newswire) — By Type (Sodium Alginate, Calcium Alginate, Potassium Alginate, PGA), By Application (Food & Beverage, Industrial, Pharmaceutical), By Form (Powder, Liquid) ‘Global Alginates and Derivatives Market’ (Gelfoam) and Regions – Forecast to 2028′ report has been added. ResearchAndMarkets.com Recruitment.

The global alginates and derivatives market is expected to grow rapidly from USD 494 million in 2023 to USD 651 million by 2028, with extensive applications in various sectors. This forecast is based on a compound annual growth rate (CAGR) of 5.7%. During the forecast period.

Highlighting the versatility of alginates and derivatives, the market is expected to witness significant expansion due to their gelling, thickening, and stabilizing abilities, which are important in multiple industries such as food and beverages, industrial applications, and pharmaceuticals. Masu. Natural raw materials from seaweed position them as sustainable alternatives to synthetic additives and influence buyer preferences in an increasingly environmentally conscious market.

Calcium alginate emerges as a high-growth field

Market analysis shows that among the various types available, calcium alginate is set on the highest growth trajectory. Biocompatibility and gelling properties are exploited to efficiently encapsulate pharmaceuticals, primarily for essential applications in pharmaceutical formulations and controlled release drug delivery systems.

Industrial application of alginate leads market evaluation

Alginates in oil and gas: a rising star

Notable applications for alginates are found in the oil and gas sector, particularly in complex well stimulation procedures such as hydraulic fracturing. The use of alginates to manage fluid viscosity exemplifies their growing importance in improving extraction efficiency and highlighting the pleiotropic utility of these biopolymers. . The role of alginates in enhancing material properties, cosmetic formulations, and industrial processes further solidifies their position as valuable additives.

story continues

Asia Pacific region projected as fastest growing market

The Asia-Pacific region is projected to have the highest growth rate due to population growth and dietary changes, which are expected to reach staggering numbers in countries such as India and China. The important role of alginates in product innovation and quality improvement in the food and beverage sector is playing a central role in the expansion of this regional market.

Comprehensive stakeholder insights

The report profiles a detailed classification of industry participants representing a mix of key companies with strategic focus on Cargill Corporation, KIMICA Corporation, FMC Corporation, EI DuPont de Nemours and Company, The Dow Chemical Company, etc. I am. This shows that his ratio of company positions from C-level to management is 50:50, indicating its reach across the world, including North America, Europe, and Asia Pacific. Masu.

The intelligence provided ranges from market assessment, product innovation, geographic expansion, and adjustment of competitive strategies to strengthen our presence in the alginates and derivatives sector, which is an essential contributor to current and future industrial applications. , covering a comprehensive range.

Key attributes:

Introduced companies

• Kimika

• J. Rettenmayer & Söhne

• Ingredion

• FMC Co., Ltd.

• Penta Manufacturing Company

• melon group

• Chamsa

• SNP Co., Ltd.

• Shandong Liberation Group Co., Ltd.

• Zamak Spa

• SFM

• Qingdao Huiyue Seaweed Group Co., Ltd.

• Agalmex

• Kanman Group

• central drug house

• Qingdao Gofu Seaweed Industry Co., Ltd.

• Foodchem International Co., Ltd.

• Qingdao Haizulin Biological Development Co., Ltd.

• Zibo Wangfei Seaweed Technology Co., Ltd.

• Shanghai Danfang Network Technology Co., Ltd.

• Lianyungang Fengyun Seaweed Manufacturing Co., Ltd.

• SRK Enterprise

• Mbl

• Color Alginic Acid Industry Co., Ltd.

• Snap Natural & Alginate Products Pvt. Ltd.

For more information on this report, please visit https://www.researchandmarkets.com/r/q0m2eb.

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide the latest data on international and regional markets, key industries, top companies, new products and latest trends.

attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900