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Alginate Market Size
- Report ID: GMI2614
- Published Date: Sep 2023
- Report Format: PDF
Alginate Market Size
Alginate Market size was valued at USD 152.7 million in 2022 and is estimated to register a CAGR of over 3.9% between 2023 and 2032, led by way of a combination of things throughout more than one industries. Alginate, a natural polysaccharide derived from brown seaweed, has discovered favor within the food and beverage zone as a thickening and gelling agent, aligning with the growing call for herbal and plant-primarily based ingredients.
Furthermore, its biodegradability and eco-friendly houses have positioned alginate as an appealing alternative in the quest for sustainable materials, in packaging and textiles. The pharmaceutical and healthcare industries also are embracing alginate for wound care and drug shipping systems, while the cosmetic and personal care region carries it into various. The market is also growing due to increased agricultural production as it aids ability of the crops to resist cold temperatures, salinity, waterlogging.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Alginate Market Size in 2022: | USD 152.7 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 3.9% |
| 2032 Value Projection: | USD 225 Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 266 |
| Segments covered: | Type, Product, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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One of the notable challenges is the price volatility of alginate, which can be subject to fluctuations due to factors like seaweed harvest yields and environmental conditions. Such price unpredictability can impact production costs and pricing strategies, posing challenges for both manufacturers and consumers.
Frequently Asked Questions (FAQ) :
Alginate Market Scope
