South Korea Alginate Market Size & Outlook, 2023-2030
South Korea alginate market, 2017-2030 (US$M)
Related Markets
South Korea alginate market highlights
- The South Korea alginate market generated a revenue of USD 10.7 million in 2023 and is expected to reach USD 15.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.6% 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 10.7 million |
| Market revenue in 2030 | USD 15.7 million |
| Growth rate | 5.6% (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, South Korea accounted for 1.3% 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 |
|---|
South Korea 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 51.4% in 2023. Horizon Databook has segmented the South Korea alginate market based on high m, high g covering the revenue growth of each sub-segment from 2017 to 2030.
The increasing number of R&D activities and innovations aimed at broadening the application scope of alginate in the biomedical & pharmaceutical industry is anticipated to have a positive impact on the South Korea Alginate market over the forecast period.
The demand for alginate products in the food & beverage manufacturing industry is likely to be driven by their wide application scope in sauces, whipped cream, and salad dressings over the forecast period. The market for alginates is likely to expand in the wake of the availability of low-cost products supplied by manufacturers in China and Japan.
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Our clientele includes a mix of alginate market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea alginate market , including forecasts for subscribers. This country databook contains high-level insights into South Korea alginate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea alginate market size, by type, 2017-2030 (US$M)
South Korea Alginate Market Outlook Share, 2023 & 2030 (US$M)
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