Food Grade Alginate Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Food grade alginate, also called alginic acid, is a food grade alginate mainly derived from brown algae species. The U.S. Food and Drug Administration (FDA) in title 21 of CFR categorized food grade alginate as a GRAS substance and lists its applications as a thickener, emulsifier, stabilizer, and gelling agent.

MARKET DYNAMICS

Food grade alginate is widely used as an ingredient by food manufacturers due to the high preference for restructure foods such as meat or fish. The alginate market is expected to grow significantly as a result of rapid growth in end-user productions such as prevent moisture migration and improving bake stability. The rising use of alginate in the production of food grade alginate-based edible coatings and films for improving or maintaining quality and prolonging the shelf-life of seafood, fruits, meat, poultry, vegetables, and cheese by reducing dehydration, enhancing product appearance, controlling respiration, and improving mechanical properties is one of the factors propelling the market growth. The growing bakery and confectionery industry are the key driver for the increasing demand for food additives.

MARKET SCOPE

The "Global Food grade alginate Market Analysis to 2031 " is a specialized and in-depth study of the Food and Beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the food grade alginate market with detailed market segmentation by form, application, and geography. The global food grade alginate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading food grade alginate market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global food grade alginate market is segmented on the basis of form and application. On the basis of form the global food grade alginate market is segmented into powder and liquid. Based on application the global food grade alginate market is segmented into dairy & frozen desserts, bakery & confectionery, beverages, sauces, dressings & preserves, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global food grade alginate market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The food grade alginate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the food grade alginate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the food grade alginate market in these regions.

MARKET PLAYERS

The reports cover key developments in the food grade alginate market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from food grade alginate market are anticipated to lucrative growth opportunities in the future with the rising demand for food grade alginate in the global market. Below mentioned is the list of few companies engaged in the food grade alginate market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the food grade alginate market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   KIMICA
  
•   IRO Alginate Industry Co., Ltd.
  
•   Ceamsa Algae
  
•   SNAP Natural & Alginate Product Pvt. Ltd.
  
•   Algaia
  
•   Marine Biopolymers Limited (MBL)
  
•   DuPont de Nemours, Inc.
  
•   Ingredients Solutions, Inc
  
•   Shandong Jiejing Group Corporation
  
•   Bright Moon Seaweed Group
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Food Grade Alginate Report Scope