Alginates Market Overview:

Alginates are a group of viscous polysaccharides derived from brown seaweeds and produced as an extracellular matrix by some bacterial species. Traditionally, Alginates have been used as thickeners, emulsifiers and stabilising agents in a number of food applications. A number of new food applications are emerging for Alginates, based on their unique biochemical and    biophysical properties.

Alginates are a biomaterial that has found numerous applications in biomedical science and engineering due to its favourable properties, including biocompatibility and ease of gelation. Alginates hydrogels have been particularly attractive in wound healing, drug delivery, and tissue engineering applications to date, as these gels retain structural similarity to the extracellular matrices in tissues and can be manipulated to play several critical roles.

Over the last decades, Alginates, natural multifunctional polymers, have increasingly drawn attention as attractive compounds in the biomedical and pharmaceutical fields due to their unique physicochemical properties and versatile biological activities.

Western countries particularly the U.S., Canada, Mexico and Germany France have higher demand for Alginates. Rise in downstream market applications for Alginates from food and beverages, pharmaceuticals and other industrial applications are driving higher demand for Alginates. 

Alginates is gaining a huge traction especially from food and beverages industry in the current time, owing to its functional properties such as thickening agent, gelling agent, stabilizer, emulsifier and film-forming property. This increasing demand in food industry is attributed due to its extraction from natural seaweeds is it considered as one of safest food additive in food industry it is also certified by FAO/WHO. Simultaneously, Demand for Alginates from textile industry is also on rise as it can be used for printing, designing and dyeing on cotton and jute fabrics.

Alginates Market Competitive Analysis:

The players in the global Alginates Market Production are focusing on business expansion by increasing the research and development expenditure for new product launch to create dominance in the global market. The strategic mergers and acquisitions by the prominent players in the global alginates market are strengthening the competition in the global alginates market.

The key players of the global alginates market that are profiled in the report by MRFR are CP Kelco, Ingredients Solutions Inc., Cargill Foods, P.L. Thomas & Co., TIC Gums, Linyi Viho Chem Co., Ltd., Foodchem International Corporation, Qingdao Tocean Chemical Co., Ltd, and Kimica.

Alginates Market Segmentations:

The Alginates Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding.

• Segmentation On the basis of Type: Comprises Laminaria, Macrocystis, Ascophyllum, Lessonia, Durvillaea, Ecklonia and others.
• Segmentation On the basis of Functions: Comprises Thickeners, Emulsifiers, Stabilizers, Acidity Regulators and others.
• Segmentation On the basis of Application: Comprises Food and Beverages, Biofuels, Textile Industry, Paper and Pulp, Pharmaceuticals and others.
• Segmentation On the basis of Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Regional Analysis:

Geographically, the global alginates market is segmented into four major regions such as North America, Asia Pacific, Europe and the rest of the world. Among these regions, North America accounts for the largest market share in the global alginates market followed by Europe. The alginates market in the North America region is majorly driven by the increasing demand for alginates in food and beverages sector.

The alginates market in the Asia Pacific region is projecting significant growth owing to the high production of alginates to meet the growing demand in the developed regions. The increasing application range of alginates in various industries is fueling the expansion of the alginates market in the rest of the world.

On 25^th May 2018, DuPont Nutrition and Health (the U.S.) has announced that it will be divesting its alginates business to JRS Group, a Germany-based functional ingredients firm. This announcement was made after the deal was approved by the European Commission (EC).

Read More about Alginates Market: https://www.marketresearchfuture.com/reports/alginates-market-1581

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