The North America Alginate Market would witness market growth of 6.7% CAGR during the forecast period (2020-2026). Alginates are utilized as food additives to enhance, alter, and stabilize the texture of foods. Characteristics like viscosity improvement, gel-formation, stabilization of aqueous mixtures, dispersion, and emulsion of alginates make them beneficial for utilization in the food & beverage sector. In the food industry, alginate is utilized to create a variety of bakery, dairy, meat, and other items, which take benefit of their gelling, thickening, and stabilizing characteristics. There are also multiple uses of alginates in liquid foods where properties like viscosity improvement and stabilization of aqueous mixtures are needed. Alginates show thickening property which is useful in syrups and sauces and toppings for ice cream.
Propylene glycol alginate (PGA) is utilized in salad dressings and beers because of its superior solubility at low pH levels. Also, alginates are extensively utilized in juices, dressings, ice creams, spreads, flans, bakery creams, meat & fish coatings, confectionery, and various health foods.
The U.S. is one of the leading markets for alginates worldwide due to massive product penetration across the pharmaceutical sector. The wound care market in the country is highly developed and identified by the massive utilization of cutting-edge wound care products, including alginates. The rising healthcare spending in the form of health insurance has been one of the significant trends influencing the U.S. market. The increasing demand for convenience foods in the region is anticipated to boost the market over the forecast period. The market has seen development due to the presence of many manufacturing and multinational food processing organizations, ensuing increased demand for alginates.
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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Alginate Market in North America is expected to register a CAGR of 6.7% 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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