Global Sodium Alginates Market to Grow at a CAGR of 4% During 2024-2032, Aided by the Growing Demand from Various End Use Sectors, Particularly Textile

The sodium alginates industry is majorly driven by the growing product demand in the textile industry. However, the food and beverage industry also accounted for a significant share in the total market value in 2020. The product is utilised in the food and beverage industry as an emulsifier to prepare processed foods like peanut butter, salad dressings, frozen desserts, margarine, and others. North America and Europe significantly contribute to the industry growth owing to the increasing demand for sodium alginates in baked goods and confectionery. The cost-efficiency of the product and its easy availability is likely to boost the market growth in the coming years.

The easy availability of various end-use products like processed foods, beverages, and others through retail channels like Walmart Inc (NYSE: WMT) and Amazon.com, Inc. (NASDAQ: AMZN) is expected to further boost the demand for sodium alginates. Moreover, the growing R&D activities and the increasing focus of the manufacturers to expand their global reach are also aiding the market. In 2018, the European Commission approved DuPont Nutrition and Health’s divestiture of its alginates business to JRS Group, a leading producer of plant-based functional additives. Such developments are expected to influence the overall growth of the sodium alginates industry.

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Market Breakup by Application, End Use, and Region:

• On the basis of application, the market can be divided into stabilizer, thickener, gelling agent, and emulsifier, among others.

• Based on end-use sector, the industry is segmented into food and beverage, pharmaceuticals, textile, pulp and paper, and coating, among others.

• Region-wise, the global market for sodium alginates can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The market is being driven by the growing utilisation of sodium alginates in textile, printing, and dyeing applications.

• The thriving food and beverages and pharmaceutical industry are also aiding the market growth.

• The growing retail sector will also accelerate the growth of the industry.

• The industry will receive further impetus with the growing research and development activities and rapid technological advancements.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for sodium alginates for the periods (2018-2023) and (2024-2032). 

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the applications, end uses, and regional markets of sodium alginates.

• The report also gives the regional historical (2018-2023) and forecast (2024-2032) price trends of the product.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global sodium alginates market are J. Rettenmaier & Söhne GmbH + Co KG, KIMICA Corporation, Zibo Wangfei Seaweed Tech. Co., Ltd., Qingdao Gfuri Seaweed Industrial Co., Ltd., Meron Group, and SNP, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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