Asia Pacific Alginate Market By Type (High G and High M), By Product (Sodium Alginate, Calcium Alginate, Potassium Alginate, Propylene Glycol Alginate and Others), By Application (Industrial, Pharmaceutical, Food & Beverages and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The Asia Pacific Alginate Market would witness market growth of 8.8% CAGR during the forecast period (2020-2026). Alginate is widely used in the pharmaceutical industry and functions as an emulsion stabilizer, disintegrant, thickening agent, and film-forming agent for tablets. Increasing demand for alginate in the tablet coatings due to high-performance properties is anticipated to boost the product demand in the next couple of years.
Augmenting demand for sweetened confectionery items has proportionately impacted the sales of gelling agents globally. In addition to the traditionally used thickening and gelling agents, the sales of alginates have constantly been observing a surge. The rising demand for relatively cheaper stabilizers and thickeners is also boosting the market of alginates across numerous industries. Alginates find considerable application in personal care products, thereby increasing the market growth.
Consumers are emphasizing on the quality of products and display low price sensitivity. Consumers in the food sector desire for product customization so as to achieve thickening, gelling, or stabilizing properties, thereby increases the product price. Thus, manufacturers are compelled to modify their margins and selling prices.
Based on Type, the market is segmented into High G and High M. Based on Product, the market is segmented into Sodium Alginate, Calcium Alginate, Potassium Alginate, Propylene Glycol Alginate and Others. Based on Application, the market is segmented into Industrial, Pharmaceutical, Food & Beverages and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DuPont de Nemours, Inc., Doehler Group SE, Algaia S.A. (Maabarot Products Ltd.), Marine Biopolymers Ltd. (MBL), Ingredients Solutions, Inc., KIMICA Corporation, IRO Alginate Industry Co., Ltd., Ceamsa, SNAP Natural & Alginate Product Pvt. Ltd., and Shandong Jiejing Group Corporation.
Scope of the Study
Market Segments Covered in the Report:
- High G
- High M
- Sodium Alginate
- Calcium Alginate
- Potassium Alginate
- Propylene Glycol Alginate
- Food & Beverages
- South Korea
- Rest of Asia Pacific
- Doehler Group SE
- Algaia S.A. (Maabarot Products Ltd.)
- Marine Biopolymers Ltd. (MBL)
- Ingredients Solutions, Inc.
- KIMICA Corporation
- IRO Alginate Industry Co., Ltd.
- SNAP Natural & Alginate Product Pvt. Ltd.
- Shandong Jiejing Group Corporation
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