Alginates Market Rising at 3.82% CAGR to 2023: Top Key Players are Ashland Inc, Brenntag AG, Cargill Inc, Dohler Group, FMC Corporation, Dastech International Inc, E.I. DuPont De Nemours and Company

Alginates Market Overview
The market is showcasing potential in the mentioned forecasting period. The Alginates Market continues to gain momentum owing to the growing demand for improving food textures. Additionally, diverse uses of alginate such as in immobilizing biocatalysts, pharmaceutical products, textile printing, welding rod coatings, paper manufacturing and binders for fish feeds and releasing agents is likely to fuel the growth of alginate market over the forecast period. Moreover, increase in consumption of processed convenience food products is likely to propel the growth of global alginate market over the given forecast period.

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Key market drivers of the Alginates Market are it is influencing the demand of alginate is coming from the food and beverage manufacturers for its stabilizing, thickening, and gelling and emulsifying properties. The reason behind its rising demand in F&B industry is pertaining to its extraction from natural seaweeds, which is considered to be the safest food additive in the food industry and also certified by WHO and FAO. Additionally, there is also an increased demand from textile industry primarily for its use in printing, designing and dying on cotton and jute fabrics.

Alginates Market Forecast Report (2018-2023)
Alginates Market was worth $364.32 million in 2018 and estimated to be growing at a CAGR of 3.82%, to reach $439.43 million by 2023.

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Alginates Market Segmentation
Alginates Market is broadly categorized by Type (Sodium Alginate, Calcium Alginate, Potassium Alginate, PGA, Others) and by Application (Food & Beverage, Industrial, Pharmaceuticals, Others). Sodium alginate has varieties of application in food and textile printing industry and due to which it is expected that it fuels the market growth of alginate over the forecast period. Also, the Primary demand of alginate in global market accounts from food and beverage, paper and textile industry. In food and beverage industry, the demand of alginate is increasing due to its higher demand in preparing products such as ice cream, jellies, salads, alcoholic drinks, lactic drinks etc
Geographically, the market is analyzed under various regions namely Europe, North America, Asia-Pacific, Latin America and Rest of the World. As per the alginate production, major producing regions are Europe and Asia Pacific and contributes the majority of market share in the Alginates Market. In terms of value, it is expected that Europe and North America account for the major share in terms of value and also as a lucrative market in near future.

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Major Players:
The major companies dominating this market for its products and services are
• Ashland Inc.
• Brenntag AG
• Cargill Inc.
• Dohler Group
• FMC Corporation
• Dastech International Inc.
• E.I. DuPont De Nemours and Company
• Kimica Corporation
• Dow Chemical Company
• Penford Corporation

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