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The alginates derivatives market size is forecast to increase by USD 125 million at a CAGR of 4.36% between 2023 and 2028. Alginates, a naturally derived polysaccharide, have gained significant attention in various industries due to their versatile properties. In the biomedical sector, alginates are extensively used as wound dressings and in tissue engineering applications due to their biocompatibility and ability to promote cell growth. The consumer trend towards natural food additives has fueled the demand for alginates as they are commonly used as stabilizers, thickeners, and gelling agents in the food and beverage industries. Moreover, the textile industry's increasing demand for sustainable and eco-friendly products has led to the rising usage of alginates and their derivatives as natural binders and coatings. Overall, the growing applications of alginates in diverse industries make it a promising market with significant growth potential.
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Alginates, derived primarily from brown seaweed, are a type of natural polysaccharide widely used in various industries due to their gelling properties. Sodium alginate is the most common form of alginate, used as a thickening and stabilizing agent in various applications. In agriculture, sodium alginate is used as a soil conditioner and in biotechnology for encapsulation and controlled release. In water treatment, sodium alginate acts as a flocculant and coagulant aid. Its biocompatibility makes it suitable for use in pharmaceuticals as a disintegrant and in drug formulation for controlled release. In the food industry, alginate is used as a texturizing agent and emulsifier in convenience foods and low-calorie foods. The production costs and extraction process of alginate are crucial factors in its market growth. Environmental applications of alginate derivatives include use in wastewater treatment and as a sustainable alternative to synthetic polymers. Biotechnological applications of alginate include its use in the production of biofuels and bioplastics. Environmental regulations and increasing awareness of sustainable practices are expected to drive the growth of the alginate derivatives market. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
The growing usage of alginates in biomedical applications is notably driving market growth. Alginates are naturally derived anionic polymers sourced primarily from brown seaweed, which is an essential source of bioactive compounds. These biomaterials possess desirable properties such as biocompatibility, gelling abilities with divalent cations, and thickening and stabilizing capabilities. Alginates find extensive applications in various sectors, including agriculture as soil conditioners, biotechnology for water treatment, and food and beverage manufacturing for texturizing, emulsification, and low-calorie food production. In biomedical science, alginate hydrogels are utilized in drug formulation as disintegrants, wound care products, and cell encapsulation for controlled release. Alginates' environmental applications span from water treatment processes to art and design, and their production costs, extraction process, and biotechnological uses are subject to ongoing research and environmental regulations. The global demand for alginates continues to grow, driven by increasing female participation in the workforce, consumer incomes, and quality expectations, with applications ranging from convenience foods to microwaveable meals. Climate conditions and seaweed harvesting techniques also influence the market, with ice-ice disease being a significant challenge. Thus, such factors are driving the growth of the market during the forecast period.
The growing consumption of processed and convenience food is the key trend in the market. The global market has witnessed significant growth due to their extensive applications in various industries. Sodium alginate, derived primarily from brown seaweed, is a widely used alginate derivative. Its gelling properties make it an ideal soil conditioner, improving soil structure and water retention. In the realm of biotechnology, alginate derivatives serve as thickening and stabilizing agents in water treatment processes, enhancing the clarity and stability of water. Moreover, alginate derivatives exhibit excellent biocompatibility, making them suitable for encapsulation and controlled release in drug formulations and wound care products. They are also employed as texturizing agents in the food industry, particularly in the production of low-calorie foods and convenience items. Environmental applications of alginate derivatives include their use as emulsifiers and stabilizers in art and design, as well as in the prevention of ice-ice disease in agriculture. The extraction process of alginate involves the harvesting of brown seaweed under specific climate conditions. This process can be influenced by factors such as consumer incomes, quality requirements, and environmental regulations. The convenience offered by alginate derivatives, coupled with their versatile applications, has led to a surge in demand from F&B manufacturers, particularly in developed countries like the US, Canada, and the UK, where consumers prefer packaged and ready-to-eat (RTE) foods. Microwave technology has further facilitated the production of alginate-based products, making them more accessible and convenient for consumers. Thus, such trends will shape the growth of the market during the forecast period.
The challenges related to supply of raw materials is the major challenge that affects the growth of the market. The global market derivatives is driven by the diverse applications of these compounds in various industries, including agriculture, food and beverage (F&B), biotechnology, and environmental applications. Sodium alginate, a widely used derivative of alginates, is sourced primarily from brown seaweed, such as Laminaria hyperborea, Laminaria digitata, Laminaria japonica, Ascophyllum nodosum, and Macrocystis pyrifera. However, the irregular supply of these raw materials poses a significant challenge to market participants. The availability of brown seaweed is subject to climate conditions and geographical locations, making it difficult to ensure a consistent supply. Moreover, extracting alginates from the marine environment requires advanced technology due to the depth at which these organisms are typically found. This, in turn, increases production costs. In agriculture, alginates derivatives are used as soil conditioners, while in water treatment, they serve as gelling, thickening, stabilizing, and emulsifying agents. In biotechnology, they are used for encapsulation, controlled release, and cell encapsulation. In the food industry, they are used as texturizing agents, thickeners, and stabilizers in convenience foods, low-calorie foods, and drug formulations. In wound care products, they function as disintegrants. Environmental applications of alginates derivatives include water treatment processes and art and design. Seaweed harvesting is a labor-intensive process, and the participation of women in this industry is significant. The use of microwaves and consumer income levels are also influencing factors in the market. Quality, mouthfeel, and fat content are essential considerations for F&B manufacturers. Environmental regulations are a critical factor in the market's growth. Hence, the above factors will impede the growth of the market during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market share growth by the sodium alginate segment will be significant during the forecast years. Alginates derivatives, primarily sourced from brown seaweed, have gained significant attention in various industries due to their unique properties. In agriculture, sodium alginate functions as effective soil conditioners, improving soil structure and water retention. Biotechnology has expanded the application scope of alginates in water treatment as gelling properties enable the formation of stable flocs for wastewater clarification.
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The sodium alginate segment accounted for USD 266.8 million in 2018. Divalent cations enhance alginate's gelling and thickening abilities, making it a preferred choice as stabilizing agents in the food and beverage industry for applications like controlled release, emulsification, and texturizing. Biocompatibility and encapsulation properties make alginates essential in drug formulation and wound care products. Environmental applications include the use of alginates as disintegrants and in water treatment processes. Art and design industries employ seaweed harvesting for creating unique textures and structures, influenced by climate conditions and seaweed quality. Consumer incomes and convenience food trends have boosted demand for low-calorie foods, leading F&B manufacturers to explore alginate-based formulations. The extraction process of alginate involves careful consideration of production costs and environmental regulations. Alginates' versatile properties continue to fuel innovation in biotechnological applications, from ice-ice disease prevention to microwave technology.
APAC is estimated to contribute 36% to the growth of the global market during the projection period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period.
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Alginates derivatives, sourced primarily from harvested seaweed, serve as essential binding agents in various industries. Seasonal variations in seaweed growth and availability impact production volumes. Sustainable harvesting practices are increasingly adopted to mitigate environmental impact. In textile manufacturing, alginates derivatives function as thickeners in paste form for screen and roller printing processes on cotton, silk, wool, nylon, and other fabrics. Reactive dyes bond effectively with these agents, enhancing aesthetics. The Regional Comprehensive Economic Partnership (RCEP) free trade agreement may boost alginates derivatives market growth by facilitating international trade. Environmental awareness and sustainability initiatives further fuel demand for these eco-friendly binding agents.
Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
Ashland Inc. - The company offers alginate which are used as raw material in multiple products.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Ashland Inc., BRENNTAG SE, Cargill Inc., DuPont de Nemours Inc., FMC Corp., IRO Alginate Industry Co. Ltd., J RETTENMAIER and SOHNE GmbH and Co KG, JRS PHARMA GmbH and Co. KG, KIMICA Corp., Marinalg International, Marine Biopolymers Ltd., Mytech Inc., Qingdao Allforlong Bio-Tech Co., Ltd. , Qingdao Bright Moon Seaweed Group Co. Ltd., Qingdao Fengrun Seaweed Co. Ltd., QINGDAO GFURI SEAWEED INDUSTRIAL Co. Ltd., Shandong Jiejing Group Corp., SNAP Natural and Alginate Products Pvt. Ltd., SNP Inc., and Syngenta Crop Protection AG
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Alginates, derived primarily from brown seaweed, have gained significant attention in various industries due to their unique gelling properties. Sodium alginate, a common alginate derivative, is widely used as a thickening and stabilizing agent in the Food and Beverage (F&B) sector. In agriculture, alginates serve as soil conditioners, enhancing soil structure and water retention. Biotechnology plays a crucial role in the production of alginates, with extraction processes refined to optimize yield and quality. The market for alginates is driven by their applications in water treatment, where they act as effective flocculants and coagulants. Alginates are also used as biocompatible materials in pharmaceuticals for controlled release, encapsulation, and emulsification. Their ability to form gels in the presence of divalent cations makes them ideal for use as disintegrants in drug formulations and wound care products. Environmental applications of alginates include their use in art and design, as well as in water treatment processes. The convenience food industry utilizes alginates as low-calorie thickening and texturizing agents, while F&B manufacturers explore their potential in creating new products with improved mouthfeel and reduced fat content. Production costs and environmental regulations are key factors influencing the market for alginates. Seaweed harvesting and climate conditions also impact global demand. The market is expected to grow as consumer incomes rise and the demand for high-quality, sustainable products increases. In conclusion, the market for alginates and their derivatives is diverse and dynamic, driven by applications in agriculture, water treatment, food and beverage, and biotechnology. The extraction process, biotechnological applications, and environmental regulations all play a role in shaping the future of this market.
Alginates Derivatives Market Scope |
|
Report Coverage |
Details |
Page number |
180 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
Market growth 2024-2028 |
USD 125 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.11 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 36% |
Key countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ashland Inc., BRENNTAG SE, Cargill Inc., DuPont de Nemours Inc., FMC Corp., IRO Alginate Industry Co. Ltd., J RETTENMAIER and SOHNE GmbH and Co KG, JRS PHARMA GmbH and Co. KG, KIMICA Corp., Marinalg International, Marine Biopolymers Ltd., Mytech Inc., Qingdao Allforlong Bio-Tech Co., Ltd. , Qingdao Bright Moon Seaweed Group Co. Ltd., Qingdao Fengrun Seaweed Co. Ltd., QINGDAO GFURI SEAWEED INDUSTRIAL Co. Ltd., Shandong Jiejing Group Corp., SNAP Natural and Alginate Products Pvt. Ltd., SNP Inc., and Syngenta Crop Protection AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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