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Global Sodium Alginates Market: By Application: Stabilizer, Thickener, Gelling Agent, Emulsifier, Others; By End Use: Food and Beverage, Pharmaceuticals, Textile, Pulp and Paper, Coating, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Sodium Alginates Market Outlook
The global sodium alginates market is expected to grow at a CAGR of 4% in the forecast period of 2023-2028 to reach a value of approximately USD 217 million by 2026.
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Europe to Provide Enhanced Growth Opportunities for the Sodium Alginates Industry Expansion
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 Alginates: Market Segmentation
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:
- Stabilizer
- Thickener
- Gelling Agent
- Emulsifier
- Others
Based on end uses, the industry can be segmented into:
- Food and Beverage
- Pharmaceuticals
- Textile
- Pulp and Paper
- Coating
- Others
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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Increasing Demand from New End Use Sectors, Particularly Textile, to Propel the Sodium Alginates Industry Growth
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.
Key Industry Players in the Global Sodium Alginates Market
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:
- J. Rettenmaier & Söhne GmbH + Co KG
- KIMICA Corporation
- Zibo Wangfei Seaweed Tech. Co., Ltd.
- Qingdao Gfuri Seaweed Industrial Co., Ltd.
- Meron Group
- SNP, Inc.
- Others
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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, End Use, Region |
| Breakup by Application | Stabilizer, Thickener, Gelling Agent, Emulsifier, Others |
| Breakup by End Use | Food and Beverage, Pharmaceuticals, Textile, Pulp and Paper, Coating, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | J. Rettenmaier & Söhne GmbH + Co KG, KIMICA Corporation, Zibo Wangfei Seaweed Tech. Co., Ltd., Qingdao Gfuri Seaweed Industrial Co., Ltd., Meron Group, SNP, Inc., Others |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Sodium Alginates Market Analysis
8.1 Key Industry Highlights
8.2 Global Sodium Alginates Historical Market (2018-2022)
8.3 Global Sodium Alginates Market Forecast (2023-2028)
8.4 Global Sodium Alginates Market by Application
8.4.1 Stabilizer
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Thickener
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Gelling Agent
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Emulsifier
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Sodium Alginates Market by End Use
8.5.1 Food and Beverage
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Pharmaceuticals
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Textile
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Pulp and Paper
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Coating
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Sodium Alginates Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Sodium Alginates Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Sodium Alginates Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Sodium Alginates Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Sodium Alginates Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Sodium Alginates Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.5 Middle East & Africa Historical Price Trends (2018-2022) & Forecast (2023-2028)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 J. Rettenmaier & Söhne GmbH + Co KG
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 KIMICA Corporation
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Zibo Wangfei Seaweed Tech. Co., Ltd.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Qingdao Gfuri Seaweed Industrial Co., Ltd.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Meron Group
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 SNP, Inc.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1. Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2. Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Sodium Alginates Market: Key Industry Highlights, 2018 and 2028
2. Global Sodium Alginates Historical Market: Breakup by Application (USD Million), 2018-2022
3. Global Sodium Alginates Market Forecast: Breakup by Application (USD Million), 2023-2028
4. Global Sodium Alginates Historical Market: Breakup by End Use (USD Million), 2018-2022
5. Global Sodium Alginates Market Forecast: Breakup by End Use (USD Million), 2023-2028
6. Global Sodium Alginates Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Sodium Alginates Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Sodium Alginates Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Sodium Alginates Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Sodium Alginates Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Sodium Alginates Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Sodium Alginates Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Sodium Alginates Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Sodium Alginates Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Sodium Alginates Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Sodium Alginates Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Sodium Alginates Market Forecast: Breakup by Country (USD Million), 2023-2028
18. North America Historical Price Trends and Forecast 2018-2028
19. Europe Historical Price Trends and Forecast 2018-2028
20. Asia Pacific Historical Price Trends and Forecast 2018-2028
21. Latin America Historical Price Trends and Forecast 2018-2028
22. Middle East and Africa Historical Price Trends and Forecast 2018-2028
23. Global Sodium Alginates Market Structure
Key Questions Answered in the Report
The global sodium alginates market is projected to grow at a CAGR of 4% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 217 million by 2026.
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.
Analyst Review
The global sodium alginates market is being driven by the rising textile industry. Aided by rapid technological advancements, the market is expected to witness a moderate growth in the forecast period of 2023-2028, growing at a CAGR of 4%. The market is projected to reach USD 217 million by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the market is divided into stabilizer, thickener, gelling agent, and emulsifier, among others. By end use, the industry is segmented into food and beverage, pharmaceuticals, textile, pulp and paper, and coating, among others. The major regional markets for sodium alginates are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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