Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 889.25 Million | USD 1513.22 Million | 5.46% | 2024 |
FrequentlyAsked Questions
The global alginate market is expected to grow due to rising demand in food & beverage as a thickening agent, growing pharmaceutical applications in wound care and drug delivery, increasing use in textile printing, and expansion in the cosmetic and dental industries.
According to a study, the global alginate market size was worth around USD 889.25 Million in 2024 and is expected to reach USD 1513.22 Million by 2034.
The global alginate market is expected to grow at a CAGR of 5.46% during the forecast period.
Asia-Pacific is expected to dominate the alginate market over the forecast period.
Leading players in the global alginate market include Algaia, Marine Biopolymers Ltd., DuPont de Nemours Inc., Ingredients Solutions Inc., KIMICA, Ceamsa, Algea, Shandong Jiejing Group Corp, among others.
The report explores crucial aspects of the alginate market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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