Home > Reports > Europe Alginate Market Analysis, Share to [2022-2030]

Europe Alginate Market

Europe Alginate Market Share to Register CAGR of 4.1% from 2022 to 2030

Published On : 27 Oct, 2022
Updated On : 04 Nov, 2022
Table of Content Download Sample

Market Snapshot

Base Year:
2021
Study Period:
2020-2030
CAGR:
4.1 %

Alginate is a polymer formed from brown algae that occurs naturally. Commercially available in flagellated and granular forms, sodium, calcium, and potassium alginate can entangle with water to form a viscous gum. Foods like jellies, jams, ice creams, marmalades, frozen desserts, chocolates, and quick noodles all employ alginate to stiffen them. Handling textiles, paper, and pulp are only a few of its many applications. In terms of biocompatibility, cost-effectiveness, and toxicity, alginate outperforms other commonly used thickening agents. Due to increased demand for the product in the production of culinary products like ice cream, yoghurt, and bakery goods, the worldwide alginate market is predicted to grow significantly. Furthermore, significant regulatory bodies such as the FDA and the European Commission have approved alginates' use in the food and beverage industry, boosting demand. Propylene glycol alginate (PGA) is utilised in salad dressings and brews because of its higher solubility at low pH values. Juices, salad dressings, ice creams, spreads, flans, bakery creams, meat and fish coatings, confectionary, and a range of health foods all contain alginates.

The Europe alginate market size is expected to reach a valuation of USD 402.71 million by 2030, growing at a CAGR of 4.10% during the forecast period (2022–2030). In Europe, potassium alginate is commonly used instead of sodium alginate to reduce sodium intake and salt in the diet. In Europe, potassium alginate is commonly used instead of sodium alginate to reduce sodium intake and salt in the diet. Potassium alginate, which works as a dietary fibre, has become popular in Europe for use in health foods.

Get more information on this report Download Sample Report

Market Dynamics

Key Market Drivers

  • Rising Number of Bakeries in the Region: Due to the changing consumer eating habits, an increase in the number of bakeries in Europe is predicted to generate demand for emulsifiers such as alginate, which are considered safe for human consumption. As a result of the growing number of product-specific bakeries, emulsifying companies are expected to produce substances that provide the best outcomes for the final product, and hence the demand for Alginate in the region is expected to continue to rise throughout the foreseeable period.
  • Low Sodium Quantity in Potassium Alginate: In comparison to sodium alginate, potassium alginate is commonly used to reduce sodium intake and salt in the diet. Potassium alginate, which works as a dietary fibre, has become popular in health food applications. Potassium Alginate has a substantially higher sodium ion adsorption capacity than other polysaccharides, and its consumption causes sodium to be excreted from the body. It also appears to be useful in the treatment of hypertension, according to the research and hence it is becoming more and more popular in the European Region.

Key Market Restraints

  • Obstacles in Seaweed Production due to Weather: The weather conditions of the major harvesting economies have a considerable impact on the market production of seaweed. Weather disturbances such as El Nino have an impact on output volume. Due to rising ocean temperatures, the volume of seaweed harvested decreased in 2016. The high reliance of the European alginates market on seaweed production is expected to limit market expansion over the forecast period.

Key Market Opportunities

  • Expansion of Textile Industries in Europe: Alginates are used in a variety of products, including foods, medications, and medicine. Sodium alginate has a long history in the textile industry, particularly in the areas of warp sizing, printing paste, and dyeing finishing. The printing paste is the most common and important of these three applications. Because of its unique qualities, sodium alginate is generally utilised as a paste for reactive colours. Sodium alginate is a printing paste that can be used on cotton, silk, wool, and even synthetic fibres. Sodium alginate with a low viscosity, on the other hand, aids in the stability of printing and the content of the printing paste. Because the textile sector in Europe is expected to expand, demand for alginate is expected to rise throughout the projected period.

Segment Overview

The alginate market in Europe is broken down into four categories: product, type, application, and geography.

The alginate market in the region includes sodium alginate, calcium alginate, potassium alginate, propylene glycol alginate, and others. The sodium alginate segment is the most important in terms of volume, accounting for around 41.4% of the business. An increase in demand for sodium alginate as an active dyestuff in the food & beverage, pharmaceutical, and textile sectors is estimated to drive market growth over the forecast period.

Sodium alginate is frequently utilised as a size agent in the paper industry, despite the product's low consumption volume. The chemical is commonly employed as a thickening and gelling agent in the food industry. Sodium alginate is used to make sauces, dressings, whipped cream, and jellies, among other things, in the food industry. Because of its superior physicochemical and biocompatible features, sodium alginate is expected to fuel market growth in tissue engineering, pharmaceutical formulations, and clinical wound therapy. The pharmaceutical industry's production of advanced sodium alginate-based solutions, such as gel matrix tablets, to increase targeted intestinal absorption is also likely to drive market growth.

The alginate market in the region is divided into two types: high M and high G. High G has a stronghold on the market. High G alginates are alginates with a high guluronic acid concentration. These goods have a variety of uses, including food, cosmetics, and medications. High G-type alginates have a buckled chain structure, and gel formation is slower than high M-type alginates.

The composition of high G and high M blocks in alginate-based medical dressings varies depending on the manufacturer. High G alginate has a higher demand among food and beverage customers because to its better gelling capabilities. Increased product flexibility is one of the attractive properties for its application in the pharmaceutical industry, and it is expected to fuel market expansion.

Culinary, medicinal, industrial, and other uses make up the alginate market in the region. In terms of revenue, the food application segment dominates the market. The food industry is predicted to grow quickly during the next eight years as a result of rising disposable income and high food consumption, as well as a growth in the global population.

Furthermore, the growing use of organically derived items such as alginate as a food ingredient is expected to emerge as a key driver for the alginate market's rise, owing to higher health-related concerns. Because of its improved product stability and effectiveness over a wide temperature range, propylene glycol ester alginate is expected to see increased demand in the region as a thickening agent, stabiliser, and flavouring adjuvant.

Regional Overview

Europe Alginate Market Countrywise Analysis

Regional Growth Insights Request Sample Pages

By 2030, the Europe alginate market is estimated to be worth USD 402.71 million, with a CAGR of 4.10% over the forecast period (2022–2030). To lower sodium intake and salt in the diet, potassium alginate is often used in Europe instead of sodium alginate. To lower sodium intake and salt in the diet, potassium alginate is often used in Europe instead of sodium alginate. In Europe, potassium alginate, which acts as a dietary fibre, has become popular in health foods.

The existence of significant enterprises such as Algaia and Ceamsa, which participate in the creation of high-quality products, is growing the European market. Chile's and Norway's abundant raw materials aid production. However, because of the increased demand for excellent quality among consumers, product costs in this area have been noted to be expensive.

In other end-use industries rising consumption in key economies like Germany, France, and the United Kingdom is boosting the regional market growth. The region's burgeoning food processing industry has boosted product use, which is backed up by the European Commission's permission for its use in food products under EC 1333/2008.

Alginates are commonly employed in the processing of meat, fish, dairy products, creams, sauces, and dressings in Germany and Italy. The industrial textile sector is the main user of alginates in most European countries. In the pharmaceutical sector, developing countries consume fewer alginates than industrialised countries, indicating that there is untapped market potential in the European region.

Major Players

Some of the major players in the Europe Region (having significant market shares) are listed below:

  • Prinova Group LLC
  • Algaia
  • CEAMSA
  • A2 Trading GmbH
  • DuPont
  • KIMICA

Recent Developments

  • Algaia began experimenting with biostimulants made from seaweed. The product was developed specifically for leeks and is intended to replace chemical fungicides in the future.

Europe Alginate Market: Segmentation

By Product

  • Sodium Alginate
  • Calcium Alginate
  • Potassium Alginate
  • Propylene Glycol Alginate
  • Others

 By Type

  • High M
  • High G

 By Application

  • Food
  • Pharmaceutical
  • Industrial
  • Others

 By Regions

  • United Kingdom
  • France
  • Germany
  • Italy
  • Russia
  • Spain
  • Rest of Europe
Price Starts From
$3250

Purchase Benefits

  • Eligible for a free updated report next year
  • Completely customizable scope
  • 30% discount on your next purchase
  • Dedicated account manager
  • Query resolution within 24 hours
  • Permission to print the report

As featured on :

Trusted by Fortune 500
Over 30000+ subscribers