Sodium Alginate Market

Global Sodium Alginate Market: Overview

Sodium alginate is gaining popularity across all the end use industry because it is derived from seaweed, which makes it a sustainable chemical or bio based chemical. The global sodium alginate market is likely to grow at a healthy rate during the forecast period.

The rising demand from food and beverages industry is expected to push the global sodium alginate market to grow over the forecast period.

Transparency Market Research (TMR) report sheds some pertinent insights about the share, size, growth, and trends in the global sodium alginate market.

The global sodium alginate market has witnessed few developments in the recent times, they include:

In 2018, the Science for Environment Policy introduced seaweed gel coating for modern and urban homes as a sustainable method to get rid of harmful air particles. It is one of its kind in innovative products for homes.

In 2018, European Commission approved DuPont Nutrition and Health to renounce its alginates business to JRS group, pioneer in manufacturing of functional additives from plant base.

Global Sodium Alginate Market: Key Trends

The growing awareness about the sustainable features of sodium alginates are paving the way for ample of growth potential in the global sodium alginate market. The ever increasing demand from the food and pharmaceutical industry are expected to carve growth opportunities in the sodium alginate market.

Global Sodium Alginate Market: Drivers and Restraints

Factors influencing the growth of the global sodium alginate market are as follows

Wide Applications in Food Sector

Sodium alginate are widely used in food industry, they are used as emulsifiers in food items such as peanut butter, salad dressings, frozen desserts, and margarine etc. Increasing demand from bakery and confectionery is anticipated to drive the growth of the global sodium alginate market in the upcoming years.

Further, cost efficiency and easy availability is likely to surge the global sodium alginate market in the succeeding years.

Availability of substitutes such as corn starch, natural gums, and maize starch may dampen the market. Regardless of the restraints, the global sodium alginate market is projected to grow due to rising disposable income, rapid urbanization, increasing demand for convenience food.

Textile Industry to Boost Growth

The textile industry is resorting to sustainable methods of dyeing and printing, owing to rise in demand for technical grade sodium alginate. Textile Industry is emerging is one of the lucrative markets for the global sodium alginate market during the forecast period.

Additionally, the pharmaceutical industries use them for making of wound healing dressings, the quick and complete wound healing leads to the growth of the global sodium alginate market.

Global Sodium Alginate Market: Geographical Analysis

The global sodium alginate market is spread across North America, South America, Europe, Asia Pacific, and Middle East. Europe has large number of manufacturers of alginate and they also produce value added products from the alginate, owing to the surge in the global sodium alginate market.

Asia pacific is projected to grow at a healthy rate during the forecast period and penetrate the market. The growth can be accounted to factors such as rapid urbanization and growing population increasing the demand for food and textile products. Additionally, the better development of pharmaceutical industries is also expected to provide growth potentials to the global sodium market over the forecast period.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

• Market segments and sub-segments
• Market trends and dynamics
• Supply and demand
• Market size
• Current trends/opportunities/challenges
• Competitive landscape
• Technological breakthroughs
• Value chain and stakeholder analysis

The regional analysis covers:

• North America (U.S. and Canada)
• Latin America (Mexico, Brazil, Peru, Chile, and others)
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
• Eastern Europe (Poland and Russia)
• Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
• Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

• A complete backdrop analysis, which includes an assessment of the parent market
• Important changes in market dynamics
• Market segmentation up to the second or third level
• Historical, current, and projected size of the market from the standpoint of both value and volume
• Reporting and evaluation of recent industry developments
• Market shares and strategies of key players
• Emerging niche segments and regional markets
• An objective assessment of the trajectory of the market
• Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.