The Europe Alginate Market would witness market growth of 7.6% CAGR during the forecast period (2020-2026). Potassium Alginate is utilized as a thickener, gelling agent, and a possible new material as a replacement for sodium alginate. To lower down sodium intake and salt in the diets, potassium alginate is generally utilized in comparison to sodium alginate. For health food application, potassium alginate has become popular as it acts as a dietary fiber. According to recent studies, potassium alginate contains higher sodium ion adsorption capacity as compared to other polysaccharides, which is expected to be a major driver for the growth of the market.
Moreover, some research also advocates that potassium alginate is effective in reducing hypertension. In addition to the traditional dietary fiber effect (reducing blood cholesterol and enhancing bowel movements), the expectations for potassium alginate as an emerging material that has the effect of excreting sodium from the human body have surely increased.
The primary factors boosting the growth of the alginates market are the increasing demand from several sectors, particularly from food and textiles. The growing textile sector along with expanded industrialization, assembly applications, expanded end-user awareness, and constant R&D, is expected to propel the growth of the alginate market during the forecast years.
In addition, the textile industry assists in the process of dyeing, printing, and designing cotton. Moreover, alginate is extensively used as a binding agent for rod repair and fodder preparation, thereby pushing the growth of the market. As there are many players operating in the market, the bargaining power of the supplier is low. The rising innovation in food items to incorporate natural ingredients and the rising demand for health and wellness products are creating growth opportunities for the market players.
Based on Type, the market is segmented into High G and High M. Based on Product, the market is segmented into Sodium Alginate, Calcium Alginate, Potassium Alginate, Propylene Glycol Alginate and Others. Based on Application, the market is segmented into Industrial, Pharmaceutical, Food & Beverages and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Alginate Market in Europe is expected to register a CAGR of 7.6% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DuPont de Nemours, Inc., Doehler Group SE, Algaia S.A. (Maabarot Products Ltd.), Marine Biopolymers Ltd. (MBL), Ingredients Solutions, Inc., KIMICA Corporation, IRO Alginate Industry Co., Ltd., Ceamsa, SNAP Natural & Alginate Product Pvt. Ltd., and Shandong Jiejing Group Corporation.
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