Global alginate market is expected to witness growth owing to growing demand for fr improving food textures. In addition, diversity in the uses of alginate such as textile printing, immobilizing biocatalysts, pharmaceutical products, paper manufacturing, welding rods coatings and binders for fish feeds and releasing agents is likely to fuel growth of alginate market over the forecast period. Increase in consumption of processed and convenience food products are likely to fuel growth of global alginate market over the forecast period.
The industrial textile sector has been dominating the demand for alginate over the past few years. In the industrial textile sector, alginates are used as thickeners for the paste containing dye. In food and beverage industry, alginate is used in ice creams and sauces, acting in the form of a thickening and stabilizing agent. It is also used as a separating agent in water oil emulsions and as a softening agent in bakery applications. In terms of application food and beverage industry is expected to witness substantial growth in the alginate market. Chemical industry utilizes alginate as an immobilizing agent for various biocatalysts in commercial synthesis and conversion reactions. In the pharmaceutical industry, alginate is used in the control release of medicinal drugs and other chemicals. In paper industry, alginate is used for surface sizing applications to give a continuous film surface without any fluffing. It also provides an oil resistant layer that enhances greaseproof properties. Other applications of alginate include welding rods coatings, binders for fish feed, and releasing agents.
Europe and North America accounted for major share of global alginate market in 2012 owing to increased applications of the product in processing of meat, fish, dairy products, sauces, creams and dressings. Asia pacific is likely to witness substantial growth for alginates over the forecast period owing to increased awareness on the use of alginate in pharmaceutical sector. Rapid economic development of these countries, increased consumption of medicines, increasing global demand for food, and growing disposable income among the consumers of this region is likely to further escalate the demand for alginate in the next seven years. Major players operating in food and pharmaceutical industry are primarily focused on developing regions owing to vast market potential..
Key players that manufacture alginate include Ashland Inc., Brenntag AG, Cargill Inc., Dastech International Inc., E.I. DuPont De Nemours and Company, Dohler Group, FMC Corporation, Kimica Corporation, Penford Corporation and Dow Chemical Company.
Avail customized purchase options to meet your research needs:
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Speak to the report author to design an exclusive study to serve your research needs.
A testimonial for service excellence represented in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.