Canada Alginate Market Size & Outlook, 2023-2030
Canada alginate market, 2017-2030 (US$M)
Related Markets
Canada alginate market highlights
- The Canada alginate market generated a revenue of USD 23.5 million in 2023 and is expected to reach USD 33.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.1% 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 23.5 million |
| Market revenue in 2030 | USD 33.4 million |
| Growth rate | 5.1% (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, Canada accounted for 2.8% 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 North America, U.S. alginate market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 19.2 million by 2030.
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Alginate Market Scope
Alginate Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 55.32% in 2023. Horizon Databook has segmented the Canada alginate market based on high m, high g covering the revenue growth of each sub-segment from 2017 to 2030.
The demand for alginates in Canada is projected to be driven by the increasing product consumption in food and beverage industry. The demand for the product in flavored drinks, such as fruit juices and ready-to-drink beverages, is expected to drive the market over the forecast period.
The market is also likely to be driven by the presence of major manufacturers such as Kraft Foods, Inc. General Mills, Inc., and, Anheuser-Busch InBev. In addition, the demand for the product is anticipated to be driven by high product adoption levels by the consumers in the economy.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada alginate market , including forecasts for subscribers. This country databook contains high-level insights into Canada alginate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada alginate market size, by type, 2017-2030 (US$M)
Canada Alginate Market Outlook Share, 2023 & 2030 (US$M)
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