Asia Pacific Alginate Market Size & Outlook, 2023-2030
Asia Pacific alginate market, 2017-2030 (US$M)
Related Markets
Asia Pacific alginate market highlights
- The Asia Pacific alginate market generated a revenue of USD 260.7 million in 2023.
- The market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, high m was the largest revenue generating type in 2023.
- High G is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 260.7 million |
| Market revenue in 2030 | USD 394.7 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | High m |
| 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 |
| Key market players worldwide | DuPont de Nemours Inc, Algaia, Marine Biopolymers, Ingredients Solutions, Kimica Group, Ceamsa, Algea, Shandong Jiejing Group Corporation |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 31.3% of the global alginate market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 394.7 million by 2030.
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Alginate Market Scope
Alginate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 m was the largest segment with a revenue share of 50.71% in 2023. Horizon Databook has segmented the Asia Pacific alginate market based on high m, high g covering the revenue growth of each sub-segment from 2017 to 2030.
The market for alginates in the Asia Pacific region is characterized by the presence of numerous manufacturers. A major share of the alginates manufactured in the region is accounted for by producers located in China and Japan. The presence of a large population base in the region leads to a robust pharmaceutical & healthcare sector.
The increasing application scope of alginate in various end-use industries coupled with the rapid industrialization in Asian countries including China, India, and Thailand is anticipated to drive the market over the next eight years. In addition, the presence of several paper manufacturers in the region is likely to drive the market due to the product’s wide use in paper sizing applications.
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Target buyers of Asia Pacific alginate market databook
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Our clientele includes a mix of alginate market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific alginate market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific alginate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific alginate market size, by country, 2017-2030 (US$M)
Asia Pacific Alginate Market Outlook Share, 2023 & 2030 (US$M)
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