Europe Alginate Market Size & Outlook, 2023-2030
Europe alginate market, 2017-2030 (US$M)
Related Markets
Europe alginate market highlights
- The Europe alginate market generated a revenue of USD 303.2 million in 2023.
- The market is expected to grow at a CAGR of 3.5% 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.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 303.2 million |
| Market revenue in 2030 | USD 386.7 million |
| Growth rate | 3.5% (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 |
| 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, Europe region accounted for 36.4% 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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Europe 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 56.04% in 2023. Horizon Databook has segmented the Europe alginate market based on high m, high g covering the revenue growth of each sub-segment from 2017 to 2030.
Alginate market in Europe is likely to witness slow growth owing to various factors such as stalled industrial output caused by COVID-19 pandemic, rising unemployment, and debt crisis. However, a positive scenario across Eastern Europe, in terms of consumerism and manufacturing, is likely to drive the market for alginates.
The rising consumer demand for food products such as chicken & meat nuggets, ice cream, and yogurt in the region is expected to boost the need for alginate over the forecast period. The market for alginates in the region is primarily driven by the high consumer affinity toward products containing naturally sourced ingredients.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe alginate market , including forecasts for subscribers. This continent databook contains high-level insights into Europe alginate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe alginate market size, by country, 2017-2030 (US$M)
Europe Alginate Market Outlook Share, 2023 & 2030 (US$M)
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