Alginate Market Share, Size, Growth and Forecast
Global Alginate Market GMI Research forecasts that the Alginate Market will witness a healthy CAGR of 5% over the forecast period, owing to the growing demand for alginates in various food applications as a thickening agent, emulsifier, and gelling agent. Alginates help in retaining same structural property as the extracellular matrices in tissues and can be manipulated to play several critical roles. Alginate Market Dynamics The major factors responsible for the global Alginate Market growth include the strategic initiatives by leading players and the growing demand for sweetened fast-food products. For example, in 2018, French biomarine group Algaia, officially decided to expand the production capacity via investments in marine ingredients and seaweed extracts, owing to the flexibility of seaweed which helps company in terms of income. Moreover, the growing demand for cost-effective thickeners and stabilizers along with the strong demand from the medical and pharmaceutical sect...