Published Date : 25 Apr 2023
In 2022, the alginate industry size was evaluated at USD 854.98 million and it is expected to contribute USD 1,464.15 million by 2032, progressing at a CAGR of 5.53% from 2023 to 2032.
The most important factor supporting the expansion of the worldwide alginate industry is thought to be the increasing demand for alginate from the food, textile, and pharmaceutical industries.
Alginates are salts of alginic acid that are taken from a few brown sea algae, such as Macrocystis pyrifera, Ascophyllum nodosum, and Laminaria hyperborean, among others. They are a significant naturally produced biopolymeric category of marine polysaccharides. Alkaline-mediated extraction from these brown sea algae is often required for the commercial extraction of raw alginates. In the alkaline-mediated extraction process used to produce alginate, dried brown sea algae is treated with a chemical treatment to remove contaminants including excess carbs, endotoxins, and proteins.
Due to its beneficial characteristics, such as biocompatibility and ease of gelation, alginate is a biomaterial that has found a wide range of uses in biomedical research and engineering. Alginate hydrogels have proven particularly appealing in wound healing, drug delivery, and tissue engineering applications up to this point because these gels maintain a structural resemblance to the extracellular matrix in tissues and may be modified to fulfill a number of crucial functions. The main characteristics of alginate and its hydrogels, their uses in biomedicine, and new research directions for these polymers will all be covered in detail in this study.
Geographically, Asia Pacific holds a majority stake in the worldwide alginate industry, accounting for over 38% of it. The primary factor driving the expansion of the alginate industry in the area is the increased demand for alginate from the pharmaceutical industry. China and India are the biggest contributors to the growth of the industry since raw resources are so easily accessible there.
The demand for alginates in North America is anticipated to increase due to the growing costs of health supplements in the continent. Another element contributing to the alginate industry's expansion in North America is the presence of significant important players in the area. During the foreseeable period, Europe is probably going to continue to be one of the top alginate industries.
Alginate Industry Report Scope:
|Market Size in 2022||USD 854.98 Million|
|Projected Forecast Value in 2032||USD 1,464.15 Million|
|Growth Rate||5.53% from 2023 to 2032|
|Largest Market||Asia Pacific|
|Forecast Period||2023 to 2032|
|Regions Covered||North America, Europe, Asia-Pacific, Latin America and Middle East & Africa|
Major driving factors for the alginate industry: Rising usage in the medical industry
Due to its advantageous qualities, including biocompatibility and non-toxicity, alginate is a biopolymer employed in a number of biomedical applications. It has shown to be particularly appealing in applications for wound healing thus far. It may be modified to use materials with wound-healing-friendly characteristics. Different types of materials for wound dressings, including hydrogels, films, wafers, foams, nanofibres, and topical treatments, have been prepared using alginate. Alginate-based wound dressings have the ability to absorb extra wound fluid, keep the surrounding area physiologically moist, and reduce bacterial infections at the wound site.
The ratio of various polymers used in these wound dressings in relation to alginate, the kind of cross-linkers employed, the period of crosslinking, the type of excipients utilized, the integration of nanoparticles, and antibacterial agents are all factors that affect the therapeutic efficacy of these wound dressings. Given these advantages of alginates in terms of their medicinal capabilities, the growing demand for alginates from the medical sector is seen as a key factor in the industry's expansion.
Restraining factors of the alginate industry: Unavailability of raw materials
The expansion of the industry is hampered by the scarcity or nonexistence of brown seaweed. Seaweed from the forehead is an important raw material used to make alginate. In addition to being used as alginate, brown seaweed has a wide range of additional industrial applications. Brown seaweed is increasingly being used, which has led to a significant lack of raw materials for alginate production.
Additionally, the industry's accessibility to raw materials has been limited by the pricey production of brown seaweed. Additionally, bad environmental conditions and inappropriate salinity have an impact on the growth of brown seaweed, which is another important factor in the lack of raw materials.
Latest industry opportunities of the alginate industry
Alginate was one of the first biomaterials investigated in pre-clinical research and clinical trials pertaining to cardiovascular illnesses. It emerged as a strong choice for cellular preservation and transport among the enormous diversity of natural, synthetic, and hybrid substances utilized for tissue regeneration. Although encouraging outcomes have been attained, the infarcted area's recellularization and revascularization still have significant limits. As a result, there is an increasing need for alginate functionalization and its combination with chemicals, factors, and medications that can increase the capacity of heart tissue to regenerate. This review's main goal is to clarify alginate's promising characteristics and emphasize its advantages in heart regeneration clinical trials.
The industry share for high G alginate was included in the overall industry share. Guauronic acid is abundant in the high G type of alginate, which has a wide range of uses in the food and pharmaceutical sectors. During the forecast period, it is expected that the high M category would expand. However, there are several uses for the high M category in the cosmetics sector.
The industry segment for thickeners has the largest worldwide industry share. Alginates are appropriate for use as thickeners in the food, cosmetics, textile, and pharmaceutical industries because they offer a variety of advantages. The growing demand for top-notch skin care products is fueling the growth of the alginate industry sector globally.
The gelling agent category, which is simultaneously increasing considerably, is predicted to have a sizable share of the industry over the projection period. Alginates are employed more frequently as a gelling agent as a result of the growing need for re-structured and quickly baked items on a worldwide scale.
The sodium category makes up the majority of the global alginate industry share and is anticipated to continue growing over the coming years. Powdered sodium alginate is widely utilized in many sectors as a thickening and gelling agent. The expanding popularity of whipped cream, sauces, and frozen baked goods is responsible for the increase in demand for sodium alginate.
The calcium industry is expanding noticeably, and it is anticipated that it will account for a sizeable portion of the industry throughout the projected period. The segment is expanding as a result of the growing significance of calcium alginates in the healthcare industry for managing wound care.
With the largest industry share, the industrial application segment rules the worldwide alginate industry. The demand for alginates has historically been strongest in the textiles sector, and it is anticipated that this trend will continue over the projection period. In the worldwide alginate industry, the pharmaceutical category is expanding at the quickest rate. Alginates are recognized by the pharmaceutical industry as viscosity agents; as such, they offer excellent starting materials for the production of pharmaceuticals.
During the projected period, a sizable share is anticipated for the food and beverage category. The use of alginates in the food and beverage sector is being brought to light by the growing demand for goods that are gluten-free.
Major Key Players:
Buy this Research Report@ https://www.precedenceresearch.com/checkout/2649
You can place an order or ask any questions, please feel free to contact at email@example.com| +1 9197 992 333