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The global sodium alginates market is expected to grow at a CAGR of 4% in the forecast period of 2024-2032 to reach a value of approximately USD 274.58 million by 2032.
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Europe is expected to provide significant growth opportunities for the expansion of the sodium alginates industry in the forecast period. The growth can be attributed to the thriving textile industry in the region, which accounts for a significant share of the global textile industry. For manufacturers and distributors, the region is likely to remain an attractive market due to the growing product demand from various end-use industries, particularly textiles. Textile and printing and dyeing industries are emerging as leading consumers of the product, while the stringent safety regulations regarding its utilisation in food and pharmaceutical applications are impeding the growth of the food-grade sodium alginates. Meanwhile, the Asia Pacific is expected to witness a steady growth owing to the increasing demand for sodium alginates in emerging economies like China and India. The low cost of raw materials, the growing textile industry, and the burgeoning growth of the food and pharmaceutical sector are boosting the product demand in the region.
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Sodium alginate is a gum mainly extracted from the cell walls of brown algae. It is the sodium salt of alginic acid and is represented by the formula NaC6H7O6. It has good chelating properties. Many of the Phaeophyceae class brown seaweeds are harvested across the world to be processed and converted into sodium alginate. Sodium alginate has applications in many industries, including food, animal food, textile printing, pharmaceuticals, and others.
The major applications of sodium alginates include:
Based on end uses, the industry can be segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Sodium alginate is used as a thickener and emulsifier in food as well as pharmaceutical industries, and both the sectors occupy a significant share of the total market value. However, the demand for food grade sodium alginate in expected to decrease in the coming years owing to the availability of safer alternatives like natural gums, corn starch, and others. Thus, the sodium alginate manufacturers are turning to other end-use sectors and are developing the product for use in a wide range of applications. The rising demand for technical grade sodium alginate, particularly from textile, and pulp and paper industries are significantly contributing to the industry growth. Within the textile industry, sodium alginate serves as an integral ingredient for use in various procedures like warp sizing and dyeing pastes. The growing demand for bio-based fibres and favourable chemical properties of sodium alginate, which are superior to starch, are driving the demand for the product in the textile industry. Moreover, the rapid technological advancements and growing R&D activities are expected to further aid the industry growth in the forecast period.
The report gives a detailed analysis of the following key players in the global sodium alginates market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global sodium alginates market is projected to grow at a CAGR of 4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 274.58 million by 2032.
The major drivers of the industry, such as rising disposable incomes, increasing population, rising demand for food grade sodium alginate, low cost of raw materials, increasing product demand from various end-use industries, rising textile industry, and robust growth of the food and pharmaceutical sector, are expected to aid the market growth.
The key market trends guiding the growth of the market include the rising demand for bio-based fibres, rapid technological advancements, and increasing R&D activities.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading application segments in the market are stabilizer, thickener, gelling agent, and emulsifier, among others.
The major end use sectors in the industry are food and beverage, pharmaceuticals, textile, pulp and paper, and coating, among others.
The major players in the industry 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.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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