Latin America Alginate Market Size & Outlook, 2023-2030
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Latin America alginate market highlights
- The Latin America alginate market generated a revenue of USD 33.5 million in 2023.
- The market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, high g was the largest revenue generating type in 2023.
- High G is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 33.5 million |
| Market revenue in 2030 | USD 48.4 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | High g |
| Fastest growing segment | High G |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | High M, High G |
| Key market players worldwide | DuPont de Nemours Inc, Algaia, Marine Biopolymers, Ingredients Solutions, Kimica Group, Ceamsa, Algea, Shandong Jiejing Group Corporation |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.0% of the global alginate market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 394.7 million by 2030.
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Alginate Market Scope
Alginate Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Shandong Jiejing Group Corporation | View profile | 1001-5000 | Rizhao, Shandong, China, Asia | https://www.jiejing-alginate.com |
| Algea | View profile | 51-100 | Kristiansund, More og Romsdal, Norway, Europe | https://algea.com |
| Ceamsa | View profile | 251-500 | Pontevedra, Galicia, Spain, Europe | https://ceamsa.com |
| Kimica Group | View profile | 11-50 | Rome, Lazio, Italy, Europe | http://kimicagroup.it |
| Ingredients Solutions | View profile | 11-50 | Waldoboro, Maine, United States, North America | http://www.ingredientssolutions.com |
| Marine Biopolymers | View profile | - | http://www.marinebiopolymers.co.uk | |
| Algaia | View profile | 11-50 | Lannilis, Bretagne, France, Europe | http://www.algaia.com/ |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
Latin America alginate market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to alginate market will help companies and investors design strategic landscapes.
High g was the largest segment with a revenue share of 54.03% in 2023. Horizon Databook has segmented the Latin America alginate market based on high m, high g covering the revenue growth of each sub-segment from 2017 to 2030.
The market for alginate in the Central & South America region is expected to be driven by the growing demand for the improvement of food texture in the food & beverage industry. In addition, the growth of the food & beverage industry in the region is projected to result in an increased demand for alginates leading to market growth.
The region is characterized by an increasing consumption of processed convenience foods, which in turn is likely to drive the demand for alginates over the forecast period. In addition, the demand for the product is likely to be driven by the presence of favorable regulations in the region allowing for the use of the product in the food & beverage and pharmaceutical industries.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America alginate market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America alginate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America alginate market size, by country, 2017-2030 (US$M)
Latin America Alginate Market Outlook Share, 2023 & 2030 (US$M)
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