Global Alginate Market Size & Outlook, 2023-2030
Global alginate market, 2017-2030 (US$M)
Related Markets
Global alginate market highlights
- The global alginate market generated a revenue of USD 833.2 million in 2023 and is expected to reach USD 1,149.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.7% by 2030.
- In terms of segment, high g accounted for a revenue of USD 437.9 million in 2023.
- High G is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 833.2 million |
| Market revenue in 2030 | USD 1,149.1 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | High g |
| Fastest growing segment | High G |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | High M, High G |
Other key industry trends
- In terms of revenue, the North America accounted for 24.2% of the global alginate market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Italy is the fastest growing regional market and is projected to reach USD 29.5 million by 2030.
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Alginate Market Scope
Alginate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global alginate market 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$165.6 million in revenues and is expected to remain the largest market throughout the forecast period. Based on type, the revenue generated through the high M category dominated the worldwide industry, accounting for 52.5% of aggregated revenues in 2023.The revenue generated through the use of alginate in the pharmaceutical sector worldwide is expected to experience a compound annual growth rate of 5.3% from 2024 to 2030. Algaia, Marine Biopolymers Limited, DuPont de Nemours, Inc., Ingredients Solutions, Inc., and KIMICA are some of the key organizations that have been adopting expansion and collaboration strategies to enhance their presence in the industry.
In February 2023, Algaia announced the commencement of the expansion work of its R& D center premises in Saint, France, which enabled the company with added strength in terms of manufacturing. Market Dynamics Increasing demand of alginate in various industries including food & beverage, pharmaceutical & others is a key factor driving the market growth. In Food & Beverage industry alginate is widely used as a thickening and gelling agent in the food and beverage industry. It is employed in products such as sauces, dressings, dairy products, and desserts. The growing demand for processed and convenience foods has contributed to the expansion of the alginate market.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global alginate market , including forecasts for subscribers. This global databook contains high-level insights into Global alginate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global alginate market size, by regions, 2017-2030 (US$M)
Top 10 countries: Alginate market size, 2023 (US$M)
Global alginate market share, by type, 2023 & 2030 (%, US$M)
Alginate market: Opportunity assessment by country
Global alginate market, by region, 2023 (US$M)
Related regional statistics
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