Alginate Market Report

Alginate Market Analysis By Type (High G, High M), By Product (Sodium Alginate, Calcium Alginate, Potassium Alginate, Propylene Glycol Alginate), By Application, And Segment Forecasts, 2018 - 2025

  • Published Date: Nov, 2017
  • Base Year for Estimate: 2016
  • Report ID: GVR-2-68038-244-0
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 127

Industry Insights

The global alginate market size was valued at USD 624.0 million in 2016. The demand for alginates in the food industry is expected to be driven by the high quality gelling provided by the product. In addition, rising demand for the product in food & beverage industry due to heightened consumption of foods such as ice-creams, beer, and yogurt, is expected to drive the market growth.

The use of the product in food & beverage industry is permitted by major regulatory agencies including FDA and European Commission which drives its demand. The growth of food & beverage industry primarily in Asia Pacific due to rise in population is expected to drive the product demand in the region. In addition, high product adoption by the companies in the application industries is expected to drive growth. 

U.S. alginate market

Recovery of the pharmaceutical industry in the U.S., on account of increasing spending on medicines, is predicted to have a positive impact on the market growth over the next eight years. The product is mainly used in the pharmaceutical industry for the production of controlled release drugs due to superior product performance. In addition, the growth of the food & beverage industry in the economy is expected to drive the market growth.

Companies in the market resort to the development of advanced product grades to attract consumers. Notable investments by national governments and alginate manufacturing companies towards the growth of seaweed processing are expected to benefit the industry growth. However, high demand for seaweed for extraction of other products such as carrageenan gum is expected to result in a limited raw material availability.

Increasing applications of the product in the bakery & confectionery sector are projected to drive market growth over the next eight years. Mounting consumption of emulsifiers in salad dressings, peanut butter, chocolates, margarine, and frozen desserts is further anticipated to propel product demand as an emulsifier in the coming years.

The bargaining power of suppliers is low owing to the presence of a large number of suppliers in the market. However, rising demand for seaweed by alginate manufacturers coupled with concerns regarding unsustainable production is expected to result in a decline in production, thereby elevating the supplier bargaining power over the forecast period.

Type Insights

High M alginates are products with higher percentage of mannuronic acid blocks. The product contains all three types of blocks including MM, GG, and MG, with the performance influenced by the composition of the product. Differences in the molecular appearance and structure affect the gel formation characteristics. 

Consumers in the food & beverage have exhibited a higher demand for high G type product due to the superior gelling performance of the product. The demand for the aforementioned product type is expected to grow at a CAGR of 4.8% by revenue from 2016 to 2025 driven by superior emulsion stabilization and gelling provided by the product.

The difference in the properties of the product types is primarily due to the raw material used for production. Alginates with high M groups exhibit a flat ribbon-like structure, which is primarily responsible for the superior gelling properties of the product. The extent of type H blocks in the product determines the viscosity, which, in turn, determines the product usage for various applications.

The demand for high M type product is expected to be driven by the product use in textile and paper manufacturing industries. In addition, growing use of the product in the welding coatings due to superior binding properties is expected to benefit the market growth over the forecast period.

Product Insights

The use of calcium alginate in pharmaceutical accounts for a high consumption volume of the product. The demand for the product is expected to be driven by the rising use in wound care and wound dressing. In addition, calcium alginate based fibers are used to accelerate wound healing and are primarily used for wounds that exhibit drainage or fluid excretion. 

The demand for the aforementioned product is expected to realize a market value of USD 154.3 Million by 2025 due to growing product use in the production of meat patties wherein it acts as a binder of meat granules. Rise in use of the product as a bulking agent in for various food products is expected to propel the demand over the forecast period. 

Propylene glycol alginate is an ester of alginic acid, widely used as a thickener, stabilizer, and emulsifier. The product is used as a food additive in the U.S. by the Food and Drug Administration (FDA) and finds use as an ingredient in various food preparations. The product finds a profound use in the beer manufacturing industry to stabilize the beer foam leading to high consumption volume.

The demand for propylene glycol alginate accounted for 26.0% of the global consumption volume owing to use of the product in fruit juices and foamy dairy products. The product has found to increase the shelf life of preserved food and aids in the preservation of food color and consistency leading to a high demand from the industry.

Application Insights

The use of the product in the pharmaceutical industry has witnessed a high growth due to intensive research and development activities undertaken by major pharmaceutical companies for the production of wound dressing. The superior performance of such products such reduction of healing time is expected to drive the market growth.

The product finds use in industrial applications such as textile printing where it is used as a thickener for the paste containing the dye. The use of the product for industrial applications is expected to grow at a CAGR of 4.1% by revenue from 2016 to 2025. The primary use of the product in the paper manufacturing industry is for the surface resizing.

Global alginate market

The product is used in combination with normal starches that provides a smooth continuous film and decreased paper fluffing. In addition, superior oil resistance of the product imparts the greaseproof properties to the paper leading to a high demand of alginate by the paper manufacturing industry.

The products are used in the welding industry as a binder to hold the wet mass formed by the addition of sodium silicate with welding coatings. The alginates used in welding rods aid in maintaining the shape of the coating on the welding rod during drying and baking. The product is primarily used in the cosmetics industry as thickeners and offers additional properties such as moisture retention, which is of primary importance to the cosmetics manufacturers.

Regional Insights

The industry in Europe is characterized by the presence of major manufacturers such as Algaia and Ceamsa that are involved in the manufacture of advanced products. The abundance of raw materials in Chile and Norway aids the production. The price of the product in the region has been observed to be high due to the consumer demand for high-purity and quality. 

The consumption of the product in Asia Pacific is anticipated to rise at a CAGR of 5.9% due to the rapid development of the textile and food & beverage industry. The penetration of the product in the pharmaceutical industry in the region is currently limited due to their low usage in the developing economies. However, this creates a potential for the market to expand, which is predicted to boost the consumption of the product over the forecast period.

The paper industry in Central & South America is expected to account for a notable consumption volume on account of rising product use for paper sizing. Furthermore, the demand for the product in the food & beverage industry for the production of products including jellies, ice creams, and lactic acid drinks is expected to drive the market growth over the forecast period.

Competitive Insights

The demand for the product used in the food & beverage and pharmaceutical is serviced majorly by the manufacturers in Europe and North America while the products used in the industrial applications such as textile production, paper sizing, and welding coating is serviced by the Chinese manufacturers. 

Major manufacturers promote employ extensive R&D for the production of advanced products. The companies promote sustainable production techniques due to high concerns regarding the impact of unsustainable seaweed harvesting practices. The companies in the Chinese market provide supply products across the globe due to supply demand gap through domestic production.

Report Scope 

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation                                                 

Volume in Tons, Revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Canada, Germany, UK, France, China, India, Japan, Brazil

Report coverage             

Volume forecast, Revenue forecast, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analysts working days)

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Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the alginate market on the basis of type, product, application and region:

  • Type Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • High M

    • High G

  • Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • Sodium

    • Calcium

    • Potassium

    • Propylene Glycol

    • Others

  • Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • Food

    • Pharmaceutical

    • Industrial

    • Others

  • Region Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • UK

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

Key questions answered by the report
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