According to the business intelligence report titled ‘Alginate Market Size By Type (High M, High G), By Product (Sodium, Calcium, Potassium, Propylene Glycol), By Application (Food & Beverage [Baking, Confectionery, Dairy Products, Meat Products], Medical & Pharmaceutical, Cosmetic, textile, Pulp & Paper), Industry Analysis Report, Regional Outlook, Application Potential, Covid-19 Impact Analysis, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global alginate market is expected to grow substantially during 2021-2027.
 

Key findings by experts state that global alginate market is driven by increasing seaweed cultivation and rising product adoption in the food industry, especially in baked products and plant-based products. Besides, growing product demand in wound dressing and dental materials are anticipated to enhance the revenue flow in the upcoming years.
 

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4202320/
 

For the uninitiated, alginate refers to an anionic polymer that is found in brown algae, typically around the cell walls.
 

Despite the positive industry outlook, potential side effects of the product may impede the growth of the business during the assessment timeline.
 

Based on the product type, the potassium alginate sub-segment of global alginate industry is projected to record a CAGR of more than 3.5% through 2027.
 

From the perspective of application, the confectionary sub-segment of the alginate business sphere is likely to project a growth rate of nearly 3% in the upcoming years.
 

Meanwhile, the sub-segment of dairy products is estimated to accumulate strong returns as a result of increased usage of alginates in milk, yogurt, and ice creams.
 

Furthermore, the textile, pulp and paper application segments are anticipated to record a growth rate of 20% and 2.5 % respectively through the analysis timeline.
 

From a regional frame of reference, the scope of the worldwide alginate business sphere spans across North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among these, the Latin America market is expected to surpass a valuation of USD 55 Mn by the forecast period-end, whereas the market in Middle East and Africa is projected to increase at a CAGR of approximately 2% through 2027.
 

Speaking of the competitive landscape, key players key players in this industry are DuPont, Ceamsa, Marine Biopolymers Ltd, Shangdong Jiejing Group Corporation, Kimica Corporation, Algaia SA, Brenntag SE, and Qingdao Yitex Chemical Co., Ltd.