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.

Global 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) - Industry Forecast 2024-2031

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

Global 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 Report Snapshots

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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).

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. '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.

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Global 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) - Industry Forecast 2024-2031

Global Sodium Alginate Market Regional Insights

Global Sodium Alginate Market Report Snapshots

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What is the global market size of Sodium Alginate Market?

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