UK Alginate Market Size & Outlook, 2023-2030
UK alginate market, 2017-2030 (US$M)
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UK alginate market highlights
- The UK alginate market generated a revenue of USD 29.4 million in 2023 and is expected to reach USD 40.4 million by 2030.
- The UK market is expected to grow at a CAGR of 4.6% 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 29.4 million |
| Market revenue in 2030 | USD 40.4 million |
| Growth rate | 4.6% (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, UK accounted for 3.5% 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 Europe, Germany alginate market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 25.6 million by 2030.
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Alginate Market Scope
Alginate Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 56.12% in 2023. Horizon Databook has segmented the UK alginate market based on high m, high g covering the revenue growth of each sub-segment from 2017 to 2030.
The market for alginates in the UK is driven majorly by the demand for naturally sourced products. The rising usage of alginates in pharmaceutical industry for the production of controlled release tablets and wound care dressings is expected to drive the market over the forecast period.
The consumption of alginates over the forecast period is likely to be affected by the effect of Brexit on the economic growth of the UK. The maturity of the market, primarily catering to the pharmaceutical and food & beverage industries, is anticipated to limit its growth over the forecast period.
In addition, it is also predicted to be driven by the growing concerns regarding pet health and nutrition. Furthermore, the demand for alginates in the manufacture of food & beverage products such as fruit drinks and ice creams is likely to drive the market over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK alginate market , including forecasts for subscribers. This country databook contains high-level insights into UK alginate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK alginate market size, by type, 2017-2030 (US$M)
UK Alginate Market Outlook Share, 2023 & 2030 (US$M)
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