Germany Alginate Market Size & Outlook, 2023-2030
Germany alginate market, 2017-2030 (US$M)
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Germany alginate market highlights
- The Germany alginate market generated a revenue of USD 51.4 million in 2023 and is expected to reach USD 67.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 3.9% 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 51.4 million |
| Market revenue in 2030 | USD 67.4 million |
| Growth rate | 3.9% (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, Germany accounted for 6.2% 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 Europe, Germany alginate market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 25.6 million by 2030.
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Alginate Market Scope
Alginate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 59.34% in 2023. Horizon Databook has segmented the Germany alginate market based on high m, high g covering the revenue growth of each sub-segment from 2017 to 2030.
The market in Germany emerged as one of the primary consumers of alginate in Europe in 2020, driven by the presence of robust food & beverage and pharmaceutical industries. In addition, the country generates a high demand for restructured meat and food products; thereby, the consumption volume of alginates here is high.
The textile industry is one of the major end users of the product. The extensive use of alginates in dyes is projected to fuel the demand for the product in the market over the forecast period. Furthermore, the market is likely to benefit from the high consumer adoption of alginate-based products.
The market is characterized by the presence of a highly aware consumer base for a high-quality product. The heightened consumption of low-fat yogurt and desserts is likely to fuel the demand for alginates over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany alginate market , including forecasts for subscribers. This country databook contains high-level insights into Germany alginate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Germany alginate market size, by type, 2017-2030 (US$M)
Germany Alginate Market Outlook Share, 2023 & 2030 (US$M)
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