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Alginate Market - By Type (High M, High G), By Product (Sodium, Calcium, Potassium, Propylene Glycol), By Application (Food & Beverage, Medical & Pharmaceutical, Cosmetic, textile, Pulp & Paper) & Forecast, 2021-2027

  • Report ID: GMI2614
  • Published Date: Aug 2021
  • Report Format: PDF

Industry Trends

Alginate market size surpassed USD 610 million in 2020 and is likely to grow at a CAGR of over 3.3% between 2021 and 2027. Alginate, also called algin, is a polysaccharide that occurs naturally in the cell walls of brown seaweeds. The term alginate includes alginic acid along with its salts. Alginates are generally of yellowish brown to white in color and available in powder, granular, and filamentous form.

Alginates Market

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Alginates are ideal for various industrial products such as textiles, paper coating, dyes, welding rod coatings, paints, and adhesives on account of their ability to enhance product performance. These products play a vital role in various processes in the textile industry such as dyeing & finishing, printing finishing, and textile warp sizing. Significant expansion of the e-commerce sector and increasing demand for apparel from the fashion industry should drive textile sector growth and stimulate market expansion.

Increasing usage of High M Alginate in the biomedical sector owing to its excellent biocompatibility to stimulate market growth

;High M Alginate Market Size

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High M Alginate market is projected to register over 3% CAGR through 2027. Alginates with a higher ratio of ß-D-mannuronic acid as compared to α-l-guluronic acid are referred to as high M alginates. They offer various benefits, such as high biocompatibility, ability to enhance cytokine production, and immunogenicity, stimulating their incorporation in biomedical science & engineering.

Rising government incentives in the healthcare industry and increasing prevalence of diseases are likely to boost the demand for biomedical materials & devices, augmenting market size. Recent research indicate that natural biomaterials offer various benefits over synthetic alternatives, such as remodeling, biodegradability, and biocompatibility, triggering the requirement for high M products.

Excellent water solubility and the ability of sodium alginate to form heat-stable gels to accelerate market share

Sodium Alginate Market Size

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Sodium alginate market size surpassed USD 280 million in 2020 and is estimated to grow at a CAGR of over 3% between 2021 and 2027. It offers various benefits over other substitutes such as high biodegradability, availability, low price, and non-toxicity. The aqueous solution of sodium alginate also offers high viscosity, making it well-suited as a food emulsifier, stabilizer, and thickener. Its high solubility in water and ability to form heat-stable gels should further augment its adoption in the food sector.

The growing demand for processed food and rising consumption of natural, healthy food products should stimulate the adoption of food stabilizers and boost market statistics. Consumers increasingly prefer food prepared from natural ingredients over synthetic alternatives pertaining to growing health awareness.

Growing consumer preferences for baked products and beer to stimulate alginate demand from food & beverage applications

Alginate Market Size from Food & Beverage application

Alginate market size from food & beverage applications is expected to register over 3.5% gains up to 2027. Alginates find extensive adoption in the meat industry owing to their ability to reconstruct meat to resemble traditional meat cuts such as roasts, nuggets, loaves, and steaks. Significant rise in consumer disposable incomes primarily in emerging nations, such as China, India, and Brazil, has resulted in growing meat consumption, accelerating market expansion.

Alginates are vital ingredients in baking formulations owing to their ability to enhance overall texture, form gels, increase viscosity, and stabilize dispersions. Changing dietary preferences and the adoption of hectic lifestyles have resulted in growing consumption of baked products, augmenting alginate industry demand. Moreover, they are well-suited as foaming agents in various beverages such as frothy coffee and beer. Growing consumer inclination toward beer over other alcoholic beverages and its status as one of the most widely consumed beverages globally should offer growth opportunities for overall industry.

Rising seaweed cultivation along with the booming bakery industry to stimulate alginate demand in Europe

Europe Alginate Market Size

Europe alginate market size surpassed USD 205 million in 2020 and is projected to register over 2.5% gains over the predicted timeframe. Increasing awareness regarding oral care and rising prevalence of oral diseases, such as cancer & cavities, should stimulate alginate demand for producing dental impressions. Alginate is an ideal dental material on account of its cost effectiveness, simplicity, and accuracy in the presence of saliva.

Europe is witnessing increasing awareness of the environmental, social, and economic benefits of seaweed cultivation, resulting in favorable government policies to boost research activities in this sector. The growing cultivation of seaweed should boost raw material availability for alginate production. Also, consumers in the region are exhibiting growing preference for ethnic baked products with organic ingredients pertaining to rising health awareness, offering growth opportunities for the regional alginate market.

Manufacturers focus on strategic partnerships & acquisitions to drive market competitiveness

The global alginate market share is moderately consolidated, and the major manufacturers include Kimica Corporation, J. Rettenmaier & Söhne GmbH + Co KG, Algaia, Ingredient Solutions Inc., Algea, Ceamsa, and Marine Biopolymers Ltd. Manufacturers are focusing on strategic acquisitions to expand their product portfolio and achieve market leadership. Companies are also adopting partnerships to develop new products and enhance customer satisfaction.

In October 2019, Algaia, a French provider of seaweed extracts, entered into a joint venture with a leading pectin manufacturer, Herbstreith & Fox to offer a sustainable formulation of alginate & pectin. This combination offers enhanced stability & functionality, making it ideal for various baking applications such as cookies, pies, toppings, and fillings. This formulation will be marketed both as a blend and as single ingredients, offering customers with innovative, clean label baking solutions and enhancing the competitive advantage of both companies.

The Global Alginate market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons & revenue in USD Million from 2016 to 2027 for the following segments:

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By Type

  • High M
  • High G

By Product

  • Sodium alginate
  • Calcium Alginate
  • Propylene Glycol Alginate
  • Potassium Alginate
  • Others

By Application

  • Food & beverage
    • Baking
    • Beverages
    • Confectionery
    • Dairy products
    • Meat products
    • Others
  • Textile
  • Cosmetics
  • Pulp & Paper
  • Medical & Pharmaceutical
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
    • Thailand
  • Latin America
    • Brazil
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Global market for alginate had surpassed USD 610 million in 2020 and will witness a CAGR of over 3.3% through 2027.

High M Alginate industry will register a CAGR of over 3% through 2027 with high product demand owing to its high biocompatibility, ability to enhance cytokine production, and immunogenicity.

The market revenue from food & beverage applications will grow at a CAGR of over 3.5% through 2027 with increasing demand for alginate in meat industry to reconstruct meat to resemble traditional meat cuts.

Europe alginate market size had surpassed USD 205 million in 2020 and will register CAGR of over 2.5% through 2027 with growing awareness about oral care and rising cases of oral diseases in the region.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 11
  • Tables & Figures: 323
  • Countries covered: 21
  • Pages: 220
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