Global Alginate Market Size & Outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to alginate market will help companies and investors design strategic landscapes.

high g was the largest segment with a revenue share of 52.56% in 2023. Horizon Databook has segmented the Global alginate market based on high m, high g covering the revenue growth of each sub-segment from 2017 to 2030.

The alginate industry worldwide generated a revenue of US$ 833.2 million in 2023.The market is expected to experience growth (CAGR, 2024-2030) of 4.7% to attain a revenue of US$ 1.1 billion in 2030.Increasing demand from the food industry for numerous applications such as thickening or gelling agents and emulsifiers has been driving growth for the alginate market.

The United States industry was valued at US$165.6 million in revenues and is expected to remain the largest market throughout the forecast period. Based on type, the revenue generated through the high M category dominated the worldwide industry, accounting for 52.5% of aggregated revenues in 2023.The revenue generated through the use of alginate in the pharmaceutical sector worldwide is expected to experience a compound annual growth rate of 5.3% from 2024 to 2030. Algaia, Marine Biopolymers Limited, DuPont de Nemours, Inc., Ingredients Solutions, Inc., and KIMICA are some of the key organizations that have been adopting expansion and collaboration strategies to enhance their presence in the industry.

In February 2023, Algaia announced the commencement of the expansion work of its R& D center premises in Saint, France, which enabled the company with added strength in terms of manufacturing. Market Dynamics Increasing demand of alginate in various industries including food & beverage, pharmaceutical & others is a key factor driving the market growth. In Food & Beverage industry alginate is widely used as a thickening and gelling agent in the food and beverage industry. It is employed in products such as sauces, dressings, dairy products, and desserts. The growing demand for processed and convenience foods has contributed to the expansion of the alginate market.