USD 764.82 million
Sodium Alginate Market Size, Share, Growth Analysis, By Application(Pharmaceutical, industrial and others), By Type(High M and High GProduct gradeFood & pharmaceutical and technical Function stabilizers, thickeners, gelling agents, and emulsifiers), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15C2029 |
Region:
Global |
Published Date: July, 2024
Pages:
242
|Tables:
63
|Figures:
75
Sodium Alginate Market Insights
Global Sodium Alginate Market size was valued at USD 764.82 million in 2019 and is poised to grow from USD 803.06 million in 2023 to USD 1186.49 million by 2031, growing at a CAGR of 5% in the forecast period (2024-2031).
Sodium Alginates are becoming popular since they consist of manure, comic and garlic acids arranged in different combinations, such as blogs rich in either MorG units or blogs of alternating G&M units.
Due to its biocompatibility, low toxicity, relatively low cost and mild dilatation, alginate is used in many foods and biomedical applications.In the food industry alginate is majorly used as thickening agent, gelling agent, emulsifier, stabilizer, texture improver.In present time, it is used in numerous kinds of food such as ice cream, Jelly, acid milk, drinks, dressings, instant noodles, beer, EC.The other major industry where sodium alginate used is in Pharmaceutical industry, it is added into tablet as career to accelerate tablet disintegration for a faster release of medicinal components in cosmetics due to its functionality as a thickener and moisture retainer. Moreover, it is used in biomedical studies as sodium alginate gels are increasingly utilized as a model system for mammalian cell culture.This gels can readily be adapted to serve as either 2D or more physiologically irrelevant 3D culture systems.
US Sodium Alginate Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Pharmaceutical
Fastest Growth
Pharmaceutical
Growth Rate
5% CAGR
Global Sodium Alginate Market ($ Bn)
Country Share for North America Region (%)
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Sodium Alginate Market Segmental Analysis
Global Sodium Alginate market is segmented on the basis of application, Product , type product grade, functions. and region. By application, the Sodium Alginate Market is segmented into Pharmaceutical, industrial and others. By Product, the Sodium Alginate Market is segmented into Sodium, propylene glycol, and others. By type, the Sodium Alginate Market is segmented into high M, high G. Based on product grade, the Sodium Alginate Market is segmented into Food & pharmaceutical and technical. Based on functions, the Sodium Alginate Market is segmented into stabilizers, thickeners, gelling agents, and emulsifiers. By region, the Sodium Alginate Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Sodium Alginate Market Analysis by Application
By application, the global market is divided into many segments such as Pharmaceutical, industrial and others. The industrial segment held the largest global Sodium Alginate market share due to the wide range of benefits it provided.They have various industrial application in textile printing where they are used as thickening agent as they combine cellulose in fiber and it is also used as a substitute for starches as the latter react with reactive dyes which leads to low color yield.
Global Sodium Alginate Market By Type
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Sodium Alginate Market Regional Insights
Globally, Asia Pacific is estimated to hold the highest global Sodium Alginate market share. Main factors during this growth period are the presence of top market players,Increasing demand, and others.
Above all, Asia Pacific is expected to grow fastest during the forecast period. The reason for the same is increasing acquisition of Sodium Alginate technology in the region of Asia Pacific and mainly in China and Japan. In addition, various manufacturers are investing heavily in order to provide it at an affordable price to the consumers, which is likely to boost the demand for Sodium Alginate in the region.
Global Sodium Alginate Market By Region
- Largest
- Fastest
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Sodium Alginate Market Dynamics
Sodium Alginate Market Drivers
Its Increasing Applications to Bolster Market Growth
- The drastic significant growth in the food and beverage industry across the globe is one of the key factors driving the markets positive outlook.Due to the various benefits provided by sodium alginate in food industries such as it serves as high thickening, gelling and film forming, it is widely used as natural additive in producing various convenience and ready to eat food products.Along with 8 widespread product adoption in the healthcare industry as sodium, calcium alginate fibers are highly biocompatible porous and have high fluid absorption capacities, propelling the market growth.
Sodium Alginate Market Restraints
Price Volatility to Hinder Market Growth
- Due to the increase in the growth of food industry, there has been increased in this stringent regulations for it.Along with 8, volatility in raw material prices has also referred in the growth of sodium alginate market.The availability of product alternatives as well as raising awareness about the negative effects is another most challenging part for the market growth.
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Sodium Alginate Market Competitive Landscape
Competition in the global Sodium Alginate market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of products compatible with Sodium Alginate will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years.
Sodium Alginate Market Top Player’s Company Profiles
- KIMICA Corporation
- Qingdao Bright Moon Seaweed Group Co., Ltd.
- FMC Corporation
- Jiejing Group Corporation
- SNAP Natural & Alginate Products Pvt. Ltd.
- Cargill, Incorporated
- IRO Alginate Industry Co., Ltd.
- Qingdao Rongde Seaweed Co., Ltd.
- Qingdao Yitex Chemical Co., Ltd.
- Shandong Jiejing Group Corporation
- Dastech International Inc.
- Döhler GmbH
- Guangzhou ZIO Chemical Co., Ltd.
- Keko Marketing (M) Sdn Bhd
- Qingdao Allforlong Bio-Tech Co., Ltd.
- Qingdao Gather Great Ocean Algae Industry Group Co., Ltd.
- Qingdao Hyzlin Biology Development Co., Ltd.
- Qingdao Shuangyi Seaweed Co., Ltd.
- Qingdao Zhenxiong Enterprise Co., Ltd.
- Shanghai Jinli Bio-Tech Co., Ltd.
Sodium Alginate Market Recent Developments
- In June 2022, DuPont (NYSE: DD) announced completion of the previously-announced sale of its Biomaterials business unit, effective May 31, 2022, to the Huafon Group for a purchase price of approximately USD 240 million.
Sodium Alginate Key Market Trends
- Due to the increase in road accidents, the requirement of instant treatment has increased. Therefore, as sodium calcium alginate fibers are highly biocompatible, porous and have high fluid absorption capacity, it is used to make wound dressings.These major trend of utilization of sodium alginate has helped the industry to grow.
Sodium Alginate Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Sodium Alginate market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits it consists of such as in the food industry alginate is majorly used as thickening agent, gelling agent, emulsifier, stabilizer, texture improver.In present time, it is used in numerous kinds of food such as ice cream, Jelly, acid milk, drinks, dressings, instant noodles, beer, EC. Sodium Alginates will enable products to be more convenient for their users. The market has so much potential for new players also because of the high expected rate of growth and demand.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 764.82 million |
| Market size value in 2031 | USD 1186.49 million |
| Growth Rate | 5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Sodium Alginate Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Sodium Alginate Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Sodium Alginate Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sodium Alginate Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sodium Alginate Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sodium Alginate Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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