U.S. Alginate Market Size & Outlook, 2023-2030
U.S. alginate market, 2017-2030 (US$M)
Related Markets
U.S. alginate market highlights
- The U.S. alginate market generated a revenue of USD 165.5 million in 2023 and is expected to reach USD 220.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.2% 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 165.5 million |
| Market revenue in 2030 | USD 220.2 million |
| Growth rate | 4.2% (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, U.S. accounted for 19.9% 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 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 |
|---|
U.S. 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 50.03% in 2023. Horizon Databook has segmented the U.S. alginate market based on high m, high g covering the revenue growth of each sub-segment from 2017 to 2030.
The U.S is one of the major markets for alginates globally owing to high product penetration across pharmaceutical application industries. The wound care market in the country is fairly developed, characterized by high usage of advanced wound care products including alginates.
The use of sodium and calcium alginate fibers for wound care is also anticipated to drive the market over the forecast period. Recovery of pharmaceutical industry in the U.S., on account of increasing spending on medicines, is predicted to have a positive impact on alginate market growth over the next eight years.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. alginate market , including forecasts for subscribers. This country databook contains high-level insights into U.S. alginate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. alginate market size, by type, 2017-2030 (US$M)
U.S. Alginate Market Outlook Share, 2023 & 2030 (US$M)
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