Brazil Alginate Market Size & Outlook, 2023-2030
Brazil alginate market, 2017-2030 (US$M)
Related Markets
Brazil alginate market highlights
- The Brazil alginate market generated a revenue of USD 7.2 million in 2023 and is expected to reach USD 10.8 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, high g was the largest revenue generating type in 2023.
- High G is the most lucrative type segment registering the fastest growth during the forecast period.
Alginate market data book summary
| Market revenue in 2023 | USD 7.2 million |
| Market revenue in 2030 | USD 10.8 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | High g |
| Fastest growing segment | High G |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 0.9% of the global alginate market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil alginate market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 10.8 million by 2030.
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Alginate Market Scope
Alginate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 52.78% in 2023. Horizon Databook has segmented the Brazil alginate market based on high m, high g covering the revenue growth of each sub-segment from 2017 to 2030.
The Brazil alginates market is expected to register a significant growth in the demand for alginates due to a recovering food & beverage industry spurred by the economic recovery post-2016. The food retail sales in the economy generated a market revenue of over USD 94.5 billion in 2018 due to the presence of significant population base.
The use of alginates in the market was driven by the consumption of the product by the meat products industry, with the industry accounting for 14.7% of the total share of food & beverage sales through retail outlets in 2019. The demand for alginates by the food & beverage industry was driven by the product use in the production of processed meat products.
In addition, the consumption of alginate is projected to be driven by the growing demand for products such as ice cream and yogurt, which account for a notable consumption volume of alginates. Alginates find use in the beverage industry on account of their superior performance across wide pH range.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil alginate market , including forecasts for subscribers. This country databook contains high-level insights into Brazil alginate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil alginate market size, by type, 2017-2030 (US$M)
Brazil Alginate Market Outlook Share, 2023 & 2030 (US$M)
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