Alginates and Derivatives Market – Trends Forecast Till 2030

Market Snapshot

Market Overview

The global Alginates and Derivatives Market size was estimated at USD 498 million in 2023 and is projected to reach USD 719.6 million in 2030 at a CAGR of 5.40 % during the forecast period 2024-2030.

The alginates and derivatives market involves the production and use of alginic acid and its derivatives, such as sodium alginate, calcium alginate, and potassium alginate. These natural polysaccharides, derived from brown seaweed, are widely used across various industries due to their gelling, thickening, and stabilizing properties. Alginates find applications in the food, pharmaceutical, textile, cosmetics, and biomedical industries, making them versatile and valuable ingredients in a wide range of products. Their ability to form gels and films, absorb water, and retain moisture makes them particularly sought after in both industrial and consumer products.

The scope of the alginates and derivatives market extends beyond traditional uses in the food industry, where they serve as emulsifiers, stabilizers, and gelling agents in products like ice cream, salad dressings, and jams. The pharmaceutical industry has also seen increased demand for alginates, as they are used in controlled drug delivery systems, wound dressings, and gastrointestinal treatments. Moreover, alginates are utilized in the textile industry for fabric finishing and dyeing, as well as in cosmetics and personal care for their moisture-retaining and soothing effects. The market continues to grow as research and innovation uncover new potential applications in various sectors.

Several trends are driving the alginates and derivatives market, including the increasing demand for natural and plant-based ingredients, particularly in the food and cosmetics industries. Consumers’ growing preference for natural, eco-friendly, and sustainable products has encouraged manufacturers to explore alternatives to synthetic additives. Additionally, the demand for bio-based polymers is on the rise, with alginates being an eco-friendly substitute in many applications. The increasing awareness of health and wellness has also contributed to the market growth, as alginates are recognized for their potential benefits in digestion, weight management, and gut health.

Key drivers of the alginates and derivatives market include the rising global demand for processed and convenience foods, the increasing need for sustainable and eco-friendly solutions in various industries, and advancements in medical applications such as wound healing and drug delivery systems. Additionally, the growth of the pharmaceutical and biomedical sectors has bolstered the demand for alginates in innovative healthcare products. The expanding use of alginates in emerging markets, driven by the growth of the food, personal care, and healthcare industries, further supports the market's positive growth trajectory.

Delvens Industry Expert's Standpoint

Experts in the Alginates and Derivatives Market highlight several key trends driving growth and innovation. The alginates and derivatives market is driven by the versatile applications of alginic acid and its derivatives, which are derived from brown seaweed and used as gelling, thickening, and stabilizing agents in various industries. These natural polysaccharides are increasingly in demand in food, pharmaceutical, textile, cosmetics, and biomedical sectors due to their ability to enhance product quality and provide sustainable, eco-friendly solutions. The market is further fuelled by consumer preferences for natural ingredients, health-conscious trends, and innovations in drug delivery and wound care. As the need for bio-based and sustainable products grows, the alginate market is poised for continued expansion, particularly in emerging markets where the food and healthcare industries are seeing rapid growth.

Market Portfolio

Key Findings

• Based on type, sodium alginate is projected to dominate the alginates and derivatives market. Derived from seaweed, it plays a crucial role across multiple industries. In the culinary sector, sodium alginate’s gelling properties enable techniques such as specification, which allows chefs to create innovative dishes. Additionally, it serves as a stabilizing agent in sauces and dairy products, improving texture and quality, which has made it a key component in modern gastronomy.

• Based on applications, the industrial segment is expected to witness the highest growth rate in the alginates and derivatives market. In the textile industry, alginates are used as thickeners in printing pastes, enhancing colour retention and ensuring uniform dye distribution. This highlights their versatility beyond food and pharmaceuticals. China, the European Union, and India have maintained their positions as the top three textile exporters, accounting for 68% of global textile exports in 2021. This trend is expected to continue, further driving demand for alginates in industrial applications.

• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Asia-Pacific region is projected to hold the largest market share. Factors such as increasing demand in food, pharmaceuticals, cosmetics, healthcare, biotechnology, natural products, regulatory support, technological advancements, and eco-friendly trends have triggered the Alginates and Derivatives Market in the region.

Regional Analysis

Asia-Pacific to Dominate the Market

• Asia-Pacific is anticipated to see significant growth during the forecast period, driven by rapid industrialization in countries like China, India, and Japan. This growth is spurring demand across multiple sectors, including food, pharmaceuticals, and textiles. The expanding food and beverage industry, fueled by rising incomes and shifting consumer preferences, is increasing the use of alginates. Additionally, the pharmaceutical sector is growing due to the rising prevalence of chronic diseases, boosting the demand for drug delivery systems that incorporate alginates. Technological advancements and government initiatives supporting industrial growth and innovation further accelerate the market expansion in the region.

• In Europe, the demand for alginates is increasing, particularly in the food industry, where they are essential as thickeners and stabilizers. The pharmaceutical sector also relies on alginates for drug delivery systems and wound dressings, contributing to market growth. Europe's strict regulatory environment, especially regarding additives, encourages the adoption of alginates that comply with regulatory standards. Moreover, there is a growing consumer preference for natural and sustainable ingredients, which aligns with the use of alginates derived from seaweed.

Competitive Landscape

• KIMICA
• J. RETTENMAIER & SÖHNE GMBH
• INGREDION
• FMC CORPORATION
• PENTA MANUFACTURING COMPANY
• MERON GROUP
• CEAMSA
• SNP, INC.
• SHANDONG JIEJING GROUP CORPORATION
• ZHERMACK SPA
• SFM
• QINGDAO BRIGHT MOON SEAWEED GROUP CO., LTD.
• AGARMEX
• KAMMAN GROUP
• CENTRAL DRUG HOUSE
• QINGDAO GFURI SEAWEED INDUSTRIAL CO., LTD.
• FOODCHEM INTERNATIONAL CORPORATION
• QINGDAO HYZLIN BIOLOGY DEVELOPMENT CO., LTD.
• ZIBO WANGFEI SEAWEED TECH CO., LTD.
• SHANGHAI DANFAN NETWORK SCIENCE & TECHNOLOGY CO., LTD.
• LIANYUNGANG FENGYUN SEAWEED MANUFACTURER CO., LTD.
• S.R.K. ENTERPRISES
• MBL
• IRO ALGINATE INDUSTRY CO., LTD.
• SNAP NATURAL & ALGINATE PRODUCTS PVT. LTD.

Recent Developments

• In March 2023, JRS Group, a leading manufacturer of plant-based functional ingredients, strengthened its position in the seaweed ingredient market by acquiring Algaia SA. Algaia, renowned for its sustainable production of seaweed extracts and hydrocolloids, is now a strategic addition to JRS Group's portfolio. This acquisition enhances JRS Group's capabilities and market share, while the integration of Algaia’s production site expands their capacity and product offerings, boosting their competitiveness in providing high-quality seaweed-derived ingredients.

• In October 2021, Tilley Co., a company under SK Capital Partners, acquired Ingredient Solutions, Inc. Ingredient Solutions offers a product portfolio that includes organic-allowed and non-GMO project-verified items. Its range of hydrocolloids includes carrageenan, Nalgin sodium alginates, pectin, locust bean gum, tara gum, gellan gum, agar-agar, xanthan gum, and konjac gum. Serving the North American market, Ingredient Solutions operates warehouses in Hazelwood, Mo.; La Mirada, Calif.; and Brampton, Ont.

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