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Alginate Market Trends

Report ID: GMI2614
Published Date: Sep 2023
Report Format: PDF

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Alginate Market Trends

One of the prominent trends is the increasing demand for alginate in the food industry. It is known for its gelling, thickening, and stabilizing properties, is favored by food manufacturers seeking natural and sustainable additives. With consumers placing a premium on clean-label and plant-based products, alginate's origin from seaweed aligns well with these preferences, contributing to its growing popularity in food applications. Another significant trend revolves around health and wellness products.

The market has found a niche in dietary supplements, particularly those targeting weight management. Its ability to form gels in the stomach makes it a valuable ingredient in this context, and as health-conscious consumers seek effective, natural solutions, the demand for such products has been on the rise.

Authors: Kunal Ahuja, Himanshu Kabra

Frequently Asked Questions (FAQ) :

The market size of alginate reached USD 152.7 million in 2022 and is estimated to grow at over 3.9% CAGR from 2023 to 2032, owing to its biodegradability and eco-friendly properties.

High G segment is set to expand at 4.5% CAGR till 2032, driven by its increasing application scope in the gelling agents for desserts, confectionery, and meat products.

U.S. market held over USD 21.8 million revenue in 2022, owing to the rising consumer demand for processed and convenience foods.

Some of the top companies operating in the market are American Express Company, BREADFX Euro Prepaid Algaia, Marine Biopolymers Limited, DuPont de Nemours, Inc., Ingredients Solutions, Inc., KIMICA, Ceamsa, Algae, Shandong Jiejing Group Corporation.