Saudi Arabia Alginate Market Size & Outlook, 2023-2030
Saudi Arabia alginate market, 2017-2030 (US$M)
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Saudi Arabia alginate market highlights
- The Saudi Arabia alginate market generated a revenue of USD 7.4 million in 2023 and is expected to reach USD 10.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.3% 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 7.4 million |
| Market revenue in 2030 | USD 10.6 million |
| Growth rate | 5.3% (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, Saudi Arabia accounted for 0.9% 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 Middle East & Africa, Saudi Arabia alginate market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 10.6 million by 2030.
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Alginate Market Scope
Alginate Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 54.05% in 2023. Horizon Databook has segmented the Saudi Arabia alginate market based on high m, high g covering the revenue growth of each sub-segment from 2017 to 2030.
The market for alginate in Saudi Arabia exhibits limited consumption volume of products due to the absence of a large number of food & beverage and pharmaceutical product manufacturing industries. A high proportion of food & beverage products consumed in the region is imported from the North America and Europe regions leading to limited product growth and consumption.
However, the use of the product in locally produced ice cream and bakery product is projected to drive the market growth over the forecast period. In addition, the use of the product in wound care application in the pharmaceutical industry is also anticipated to drive the market growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia alginate market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia alginate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia alginate market size, by type, 2017-2030 (US$M)
Saudi Arabia Alginate Market Outlook Share, 2023 & 2030 (US$M)
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