According to the research 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 slated to register a healthy CAGR over the forecast period 2021-2027.
 

Surging product demand from several end-use verticals, coupled with increasing adoption in the food sector are the major factors driving global alginate market growth. Moreover, continuous innovations in development & extraction of alginates has also bolstered the industry outlook.
 

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

For the unversed, alginate is a naturally occurring anionic polymer in brown algae, generally found on their cell walls. Alginates have highly favorable chemical and structural characteristics, and are used across a wide range of verticals including regenerative medicines, biotechnology, textile, cosmetics, pharmaceutical, and food & beverage.
 

Based on product type segmentation of global alginate market, potassium alginate segment is expected to expand at a CAGR of 3.5% over 2021-2027, while other product segments like barium, ammonium, magnesium, and zinc alginates & alginic acid are likely to showcase steady growth during the study period.
 

Considering application scope, textile segment captured 20% of the total overall market share in 2020 and is expected to show strong growth over the forecast period, whereas pulp & paper segment is poised to witness a 2.5% CAGR through 2027. Meanwhile, dairy products sub-segment of food & beverage application is set to garner substantial remuneration over the assessment period, owing to increasing adoption of alginates in yogurt, flavored milk, and ice-cream
 

On the regional front, Latin America market is expected to be valued at USD 55 million by the end of assessment period, while Middle East & Africa market is slated to record a CAGR of 2% over 2021-2027.
 

Prominent players in global alginate market are J. Rettenmaier & Söhne GmbH + Co. KG, Marine Biopolymers Ltd. (MBL), Shandong Jiejing Group Corp., Algea Produkter AS, Compañia Española de Algas Marinas (CEAMSA), Ingredients Solutions Inc., Algaia SA, KIMICA Corp., Qingdao Yitex Chemical Co. Ltd., DuPont de Nemours Inc., and Brenntag SE.