(Food-Beverage-News.Com, September 16, 2017 ) According to the report “Europe Alginates Market by Type (Sodium Alginate, Calcium Alginate, Potassium Alginate, PGA, Others) by Application (Food & Beverage, Industrial, Pharmaceuticals, Others), and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)” published by Market Data Forecast, the Europe Alginates Market was worth $118.30 million in 2016 and estimated to be growing at a CAGR of 3.89%, to reach $143.17 million by 2021.
The market is showcasing moderate potential in the mentioned forecasting period. The market is continuously gaining momentum owing to the growing demand in order to improving food textures. Moreover, diverse uses of alginate such as in pharmaceutical products, textile printing, immobilizing biocatalysts, welding rods coatings, paper manufacturing and binders for fish feeds and releasing agents is likely to fuel growth of alginate market over the forecast period. Increase in consumption of processed convenience food products is expected to propel growth of Europe alginate market over the given forecast period.
The industrial textile has been the dominating sector for the demand of alginate over the last few years. Alginates are generally used as thickeners for the paste containing dye, in the industrial textile sector. In food and beverage industry, mostly the use of alginates comes in sauces and ice-creams, acting in the form of a thickening and stabilizing agent. Also, it is used as a separating agent in water oil emulsions and as a softening agent for bakery applications. Applications wise, food and beverage industry is expected to witness substantial growth in the alginate market.
Market drivers which are majorly influencing the demand of alginate is coming from the food and beverage manufacturers for its thickening, gelling, stabilizing and emulsifying properties. Reason for its rising demand in F&B industry is pertaining to its extraction from natural seaweeds, as it is considered to be the safest food additive in food industry and also certified by FAO and WHO. In addition, there is also an increased demand from textile industry for its use in designing, printing and dyeing on cotton and jute fabrics.
The Europe Alginates Market is broadly categorized by Type (Potassium Alginate, Sodium Alginate, Calcium Alginate, PGA, Others) and by Application (Pharmaceuticals, Food & Beverage, Industrial, Others). Sodium alginate has a number of application in food and textile printing industry and it is expected that it fuels the market growth of alginate over the given forecast period. Also, majority of demand of alginate in Europe market accounts from food and beverage, paper and textile industry. In food and beverage industry, demand is increasing due its higher demand in preparing products such as jellies, salads, ice cream, alcoholic drinks, lactic drinks etc. On the basis of geography, the market is analysed under various regions namely U.K., Spain, Germany, etc. As per the alginate production, major producing regions are U.K. and Germany, and they contribute majority of market share in Europe market. In terms of value, it is expected that U.K. account for major share in terms of value and also as a lucrative market in near future.
Some of the major companies dominating the Europe Alginates Market, by their products and services include Dohler Group, FMC Corporation, Dastech International Inc., Ashland Inc., Brenntag AG, Cargill Inc., E.I. DuPont De Nemours and Company, Kimica Corporation, Dow Chemical Company and Penford Corporation.
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