What is the global market size of Sodium Alginate Market?

Global Sodium Alginate Market size was valued at USD 764.82 million in 2021 and is poised to grow from USD 803.06 million in 2022 to USD 1186.49 million by 2030, growing at a CAGR of 5% in the forecast period (2023-2030).

What is the key driver of Global Sodium Alginate Market?

The drastic significant growth in the food and beverage industry across the globe is one of the key factors driving the market's 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 a natural additive in producing various convenience and ready-to-eat food products. Along with 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 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

Q: Who are the key vendors in the Global Sodium Alginate Market?

Competition in the global Sodium Alginate market is expected to increase during the forecast period because new players are expected to enter 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. '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.'

Q: Which region accounted for the largest share in Global Sodium Alginate Market?

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.

Report ID: SQMIG15C2029 | Region: Global | Published Date: July, 2024
Pages: 242 | Tables: 63 | Figures: 75

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.

Sodium Alginate Market Report Snapshots

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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).

Competition in the Sodium Alginate market is expected to increase during the forecast period because new players are expected to enter in the 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 market but these numbers will increase in the upcoming years. '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.'

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.

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.

Globally, Asia Pacific is estimated to hold the highest Sodium Alginate market share. Main factors during this growth period are the presence of top market players,Increasing demand, and others.

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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

Sodium Alginate Market Dynamics

Sodium Alginate Market Report Snapshots

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What is the market size of Sodium Alginate Market?

Who are the key vendors in the Sodium Alginate Market?

What is the key driver of Sodium Alginate Market?

What is the key market trend for Sodium Alginate Market?

Which region accounted for the largest share in Sodium Alginate Market?

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