Mexico Alginate Market Size & Outlook, 2023-2030
Mexico alginate market, 2017-2030 (US$M)
Related Markets
Mexico alginate market highlights
- The Mexico alginate market generated a revenue of USD 12.9 million in 2023 and is expected to reach USD 19.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.9% 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 12.9 million |
| Market revenue in 2030 | USD 19.2 million |
| Growth rate | 5.9% (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, Mexico accounted for 1.6% 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 |
|---|
Mexico 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 56.59% in 2023. Horizon Databook has segmented the Mexico alginate market based on high m, high g covering the revenue growth of each sub-segment from 2017 to 2030.
The use of alginates in industrial applications, such as textile, is expected to account for a majority of the product demand in the coming years on account of high product penetration. The use of alginates in dye formulations, owing to superior product performance, is anticipated to drive the market over the forecast period.
Elimination of stringent regulations, which restricted the setting up of new manufacturing units, by the government of Mexico has resulted in the establishing of new pharmaceutical manufacturing facilities of large-scale companies including Takeda, Daiichi Sankyo, Ranbaxy, and Astellas.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico alginate market , including forecasts for subscribers. This country databook contains high-level insights into Mexico alginate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico alginate market size, by type, 2017-2030 (US$M)
Mexico Alginate Market Outlook Share, 2023 & 2030 (US$M)
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