Global Alginates & Derivatives Market was valued at USD 401.24 Mn in 2019 and is expected to reach USD 561.93 Mn by 2027 at a CAGR of 4.3% over the forecast period 2020-2027.



Global Alginates & Derivatives Market

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The report covers an in-depth analysis of COVID 19 pandemic impact on Global Alginates & Derivatives Market by region and on the key players revenue affected till April 2020 and expected short term and long-term impact on the market.
Global Alginates & Derivatives Market Dynamics;

Alginates are a naturally occurring anionic polysaccharides derived from various brown algae cells and bacteria strains. A quality and potential applicability of alginates and derivatives is depended upon their degree of physicochemical heterogeneity. Various factors such as rapidly expanding food and beverage industry in China, India, Japan and Brazil, growing use of alginates as thickening agents, gelling agents, emulsifiers, stabilizers in textile industry, growing demand for natural food additives are mainly driving the market growth over the forecast period. Now-a-days, use of alginates & derivatives is increasing in pharmaceutical and biomedical industries. The global production of alginates and derivatives was 68,430.22 MT in 2019 and is expected to reach at 94,374.31 with an average growth rate of more than 4.0%. However, factors such as fluctuations in raw material prices, lack of universal regulations and market information, growing prices of alginates, lack of awareness and unavailability of stock in many underdeveloped countries are restraining the market growth over the forecast period.



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