India Alginate Market Size & Outlook, 2023-2030
India alginate market, 2017-2030 (US$M)
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India alginate market highlights
- The India alginate market generated a revenue of USD 26.5 million in 2023 and is expected to reach USD 42.8 million by 2030.
- The India market is expected to grow at a CAGR of 7.1% 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.
Alginate market data book summary
| Market revenue in 2023 | USD 26.5 million |
| Market revenue in 2030 | USD 42.8 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | High m |
| 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, India accounted for 3.2% 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 Asia Pacific, China alginate market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 42.8 million by 2030.
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Alginate Market Scope
Alginate Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 56.6% in 2023. Horizon Databook has segmented the India alginate market based on high m, high g covering the revenue growth of each sub-segment from 2017 to 2030.
The economy is likely to register high growth due to the rapid industrial development. The demand for food products is expected to rise over the forecast period on account of the rising disposable incomes. In addition, the presence of a robust pharmaceutical product manufacturing industry in the economy, driven by the growing medical tourism, is expected to drive the demand for alginate-based wound care products.
Increasing private participation by pharmaceutical manufacturers in the healthcare industry is projected to increase the demand for high-quality medical products in India over the forecast period. The rise of the pharmaceutical industry is anticipated to result in an increased demand for alginates for use in various applications in the pharmaceutical industry.
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Horizon Databook provides a detailed overview of country-level data and insights on the India alginate market , including forecasts for subscribers. This country databook contains high-level insights into India alginate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India alginate market size, by type, 2017-2030 (US$M)
India Alginate Market Outlook Share, 2023 & 2030 (US$M)
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