North America Alginate Market Size & Outlook, 2023-2030
North America alginate market, 2017-2030 (US$M)
Related Markets
North America alginate market highlights
- The North America alginate market generated a revenue of USD 202.0 million in 2023.
- The market is expected to grow at a CAGR of 4.4% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 202.0 million |
| Market revenue in 2030 | USD 272.8 million |
| Growth rate | 4.4% (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, North America region accounted for 24.2% 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 |
|---|
North America 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 51.04% in 2023. Horizon Databook has segmented the North America alginate market based on high m, high g covering the revenue growth of each sub-segment from 2017 to 2030.
Alginate market in North America is expected to witness a slow growth as there is limited cross border trade among the economies on account of the COVID-19 pandemic. In the last few years, the region’s alginate market was driven primarily by the highly developed food & beverage and pharmaceutical industries.
The increasing per capita healthcare spending, in the form of health insurance, has been one of the major trends impacting the U.S. market. The rising demand for convenience foods in the region is expected to drive the market over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America alginate market , including forecasts for subscribers. This continent databook contains high-level insights into North America alginate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America alginate market size, by country, 2017-2030 (US$M)
North America Alginate Market Outlook Share, 2023 & 2030 (US$M)
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