Alginate Market Revenue Growth Analysis to 2027

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Alginate Market Size to Cross USD 755 Mn by 2027
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Overview of Food Dehydrator Market

• The alginate market is anticipated to grow
  significantly by 2027 owing to mounting demand
  across various industry verticals. Additionally,
  surging product penetration in the food industry
  is set to bolster market adoption through the
  forecast period.
• Alginate is an anionic polymer that naturally
  occurs in brown algae, typically found on their
  cell walls. The favorable structural and chemical
  properties of alginates make them highly
  versatile. Thus, they find applications across a
  wide range of segments, including biotechnology,
  regenerative medicines, cosmetics, textile,
  pharmaceutical, and food beverage. In addition,
  recent innovations in the development and
  extraction of alginates have fostered alginate
  market expansion.
• Notably, leading industry players are engaging in
  profitable business strategies to tap into
  emerging market trends, which has favorably
  impacted the overall market landscape. For
  instance, in August 2020, Dupont, a global
  company specializing in technology-based
  materials and ingredients, initiated the merger
  of its Nutrition Biosciences business with IFF
  to establish a global leader in high-value
  ingredients and solutions for the home personal
  care, beverage, food, and health wellness
  industries. The strategic merger provided Dupont
  with the opportunity and resources to develop
  leading ingredients.

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• The alginate market has been segmented on the
  basis of product, type, application, and region.
  In terms of product, the market has further been
  categorized into sodium alginate, calcium
  alginate, potassium alginate, PGA, and others.
• The potassium alginate product segment is
  expected to see substantial growth by 2027,
  expanding at a CAGR of about 3.5 over the
  analysis period. The others product segment is
  likely to showcase steady growth through the
  study timeline. Other alginate products include
  barium, magnesium, ammonium, and zinc alginates
  alginic acid.
• The alginate market has been differentiated into
  food beverage (dairy products, meat products,
  confectionery, beverages, baking, and others),
  textile, medical pharmaceutical, pulp paper,
  cosmetics, and others. Under food beverage, the
  confectionery application segment is anticipated
  to expand at approximately 3 CAGR over the
  forecast period.
• The dairy products food beverage application
  segment is set to amass considerable gains by the
  end of 2027 owing to prevalent adoption of
  alginates in flavored milk, yogurt, and
  ice-cream. The others food beverage application
  segment is slated to witness optimistic growth
  through the projected timeframe. Other food
  applications of alginate include meat analogues,
  sauces dressings, antimicrobial treatment of
  fruits vegetables, and preservatives.

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• The others application segment is expected
  observe significant growth over the estimated
  period. Other applications of alginates include
  welding rods, wastewater treatment, animal feed,
  and paint dyes.
• The Latin America alginate market is foreseen to
  exceed a valuation of USD 55 million by the end
  of 2027. The Middle East Africa alginate
  industry is set to grow at nearly 2 CAGR over
  the stipulated period.
• Notable participants in the Alginate market
  include JRS, Ingredient Solutions, Kimica
  Corporation, Algaia, Ceamsa, Marine Biopolymers,
  and Algea.

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