Sodium Alginates Market Share, Price, Growth, Analysis, Global Report and Forecast 2024-2032
Sodium Alginates Market Outlook
According to the report by Expert Market Research (EMR), the global sodium alginates market share grew significantly in 2023. Aided by its versatile applications across multiple sectors including food & beverage, pharmaceuticals, and textiles, the market is projected to further grow at a CAGR of 4% between 2024 and 2032 to reach a value of USD 234.71 million by 2032.
Sodium alginate is a natural polysaccharide extracted from brown seaweed, predominantly used as a thickening and gelling agent. Its applications range from the food & beverage industry, where it's employed in products like ice creams and jellies, to the medical sector, where it serves as an ingredient in dental impressions and wound dressings. Beyond these, sodium alginate is increasingly being explored for its potential in biotechnological applications and water treatment processes.
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One of the key sodium alginates market trends driving the market is the escalating demand for convenience and processed foods. As consumers seek better food texture, longer shelf life, and nutritional fortification, sodium alginate offers an attractive solution due to its stabilising and emulsifying qualities. The rising trend of consuming ‘clean-label’ food products, that are free from synthetic additives, has also pushed the industry towards the utilisation of natural alternatives like sodium alginate.
The expanding applications of sodium alginates in the pharmaceutical and medical sectors further augment sodium alginates market growth. Sodium alginate's biocompatible and non-toxic properties make it ideal for use in controlled drug release systems and wound-care products. It's extensively used to manufacture Gaviscon, an antacid and reflux suppressant, showcasing its adaptability and value in the pharmaceutical space.
Additionally, the increasing usage of sodium alginate in the textile industry for printing and dyeing activities showcases its multi-sectoral relevance and further propels the sodium alginates market expansion. Its ability to bond with textile fibres offers manufacturers an eco-friendly and effective thickening agent.
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The burgeoning demand for natural-based cosmetics and personal care products has opened up a new avenue for sodium alginates. Known for its moisture-retention and skin-conditioning properties, it is progressively making its way into lotions, creams, and anti-aging solutions.
As per the sodium alginates market analysis, sodium alginate’s affinity for heavy metals is being studied for its potential in the removal of toxic substances from water, thus presenting a new frontier in environmental sustainability.
Sodium Alginates Market Segmentation
The market can be divided based on application, end use, and region.
Market Breakup by Application
- Stabiliser
- Thickener
- Gelling Agent
- Emulsifier
- Others
Market Breakup by End Use
- Food and Beverage
- Pharmaceuticals
- Textile
- Pulp and Paper
- Coating
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global sodium alginates market. Some of the major players explored in the report by Expert Market Research are as follows:
- J. Rettenmaier & Söhne GmbH + Co KG
- KIMICA Corporation
- Zibo Wangfei Seaweed Tech. Co., Ltd.
- Qingdao Gfuri Seaweed Industrial Co., Ltd.
- Meron Group
- SNP, Inc.
- Others
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