(Entertainment-NewsWire.com, May 18, 2018 ) According to a new market research report "Alginates Market By Type (Sodium Alginate, Calcium Alginate, Potassium Alginate, PGA, Others) By Application (Food & Beverage, Industrial, Pharmaceuticals, Others) - Global Forecast to 2021", published by MarketDataForecast™, the market is expected to reach USD 407.68 Million by 2021 from USD 338 Million in 2016, at a CAGR of 3.2%.
Alginates are the kind of hydrocolloids that are extracted from brown alga. It’s completely different useful properties equivalent to thickening agent, ability to make a gel and its usage to make films of metallic element and metal. Alginate has sorts of application in food, textile, printing, dyeing, pharmaceutical and within the cosmetic trade. Except for this, it additionally has application as a binding agent for fastening rods Associate in Nursing in getting ready an animal feed. Europe and also the Asia Pacific dominate the alginate market over the forecast amount in terms of volume. The reason behind its rising demand in F&B trade is concerning its extraction from natural seaweeds that is taken into account to be the safest artificial additive within the food trade and additionally certified by WHO and United Nations agency. To boot, there's additionally associate in Nursing inflated demand from textile trade primarily for its use in printing, coming up with and dying on cotton and jute materials.
Sodium Alginate is estimated to account for the largest market share in 2016 The Alginates Market is broadly categorized by Type (Sodium Alginate, Calcium Alginate, Potassium Alginate, PGA, Others). Sodium Alginate accounted for the major shares of the market in 2016 owing to Sodium alginate has various forms of application in food and textile printing trade and because of that it's expected that it fuels the market growth of alginate over the forecast amount. Also, the first demand of alginate in international market accounts from food and potable, paper and textile trade.
The Food & Beverage segment is expected to dominate the market in 2016 By Application (Food & Beverage, Industrial, Pharmaceuticals, Others). In food and beverage trade, the demand of alginate is increasing to its higher demand for getting ready product like frozen dessert, jellies, salads, alcoholic drinks, drinkable drinks etc.
Europe is estimated to command the largest share of the market Based on region, the Alginates Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Europe is expected to dominate the Alginates Market in 2016. Major manufacturing regions are Europe and also the Asia Pacific contribute the bulk of market share within the global market. In terms valuable, it's expected that Europe and North America account for the main share in terms valuable and conjointly as a remunerative market in close to future.
Key players in the Alginates Market include Ashland Inc., Brenntag AG, Cargill Inc., Dohler Group, FMC Corporation, Dastech International Inc., E.I. DuPont De Nemours and Company, Kimica Corporation, and Dow Chemical Company.
Penford CorporationThe scope of the report provides: • The evaluation of the current market for your product or services and the future implications of the market • Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future • Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment • Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share • The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter’s Five Forces • The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors • Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments • Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence • Equip you with the information providing with the investment opportunities in the industry
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