About Food Grade Alginate
Alginates are naturally occurring, indigestible polysaccharides commonly produced by and refined from various genera of brown algae. It has different functional properties such as thickening agent, emulsifier, and stabilizer. Sodium alginate is the most common salt of alginate used in the food processing 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 in the United States is anticipated to drive the growth of the food-grade alginate market over the forecast period. Moreover, Alginate-based edible coatings and films will provide significant opportunities to manufacturers for packaging in the near future.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.0% |
Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Food Grade Alginate market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill Inc. (United States), Dupont Inc. (United States), SNP Inc. (United States), Cape Crystal Brands (United States), EnvironMolds LLC (United States), KIMICA Corporation (Japan), Health Leads UK Ltd. (United Kingdom), J. RETTENMAIER & SÖHNE GmbH + Co KG (Germany), SNAP Natural & Alginate Products (India) and IRO Alginate Industry (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Jiejing Group (China), Bright Moon Seaweed Group (China), Lianyungang Tiantian Seaweed (China), Qingdao Fengrun Seaweed Co.,LTD. (China) and Qingdao Allforlong Bio-Tech Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Food Grade Alginate market by Type (Sodium, Calcium, Potassium and Others), Application (Food & Beverages (Bakery & Confectionery, Canned Food, Dairy Products, Frozen Products), Pharmaceuticals, Feed & Supplements and Others) and Region.
On the basis of geography, the market of Food Grade Alginate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Food Grade Alginate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Paper Bags will boost the Food Grade Alginate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Food Grade Alginate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Organic, Plant-Based, Gluten-Free, and Kosher Sodium Alginate
Market Growth Drivers:
Growing Demand for Food Grade Alginate in Food Industry Owing To Its Functional Properties Such As Thickening Agent, Gelling Agent, and Stabilizer and Cost Efficiency and Easy Availability of Alginate
Challenges:
Availability and Supply of Raw Materials
Restraints:
Stringent Government Regulations for Using Chemicals in Food Products and Availability of Substitutes Such As Corn Starch, And Natural Gums
Opportunities:
Alginate-Based Edible Films and Coatings for Food Packaging Applications and Increasing Research for Using Biodegradable and Renewable Materials in Food Packaging Applications
Market Leaders and their expansionary development strategies
In March 2023, The JRS Group is one of the world’s leading fiber and hydrocolloid companies delivering 'Green Products' made of renewable, botanical resources into numerous industries.The acquisition leverages JRS’ position as a world-class player for seaweed-based products. JRS and Algaia are both sustainably harvesting and processing seaweed along the Atlantic coast of Brittany, one of the largest fresh seaweed fields.
In May 2023, CD BioSciences, a leading biotechnology company specializing in the development of innovative solutions for the life sciences industry, is pleased to announce the launch of their latest self-developed alginate products, looking to fulfill scientific research demands.
In the United States, Food and Drug Administration (FDA) has classified food grade sodium alginate as GRAS (generally regarded as safe) substance in Title 21 of the Code for Federal Regulations (CFR) and lists its usage as an emulsifier, stabilizer, thickener, and gelling agent.
Key Target Audience
Food Grade Alginate Manufacturers, Raw Material Suppliers, Distributors/Traders/Wholesalers, Food Processing Vendors, Research Institutes, End-Use Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.