Alginates and Derivatives Market

Market Leaders - Alginate and Derivatives Market

The alginates and derivatives market is estimated at USD 494 million in 2023 and is projected to reach USD 651 million by 2028, at a CAGR of 5.7% from 2023 to 2028.

The alginate and derivatives market has witnessed significant growth in recent years, driven by a variety of factors such as increasing demand from key end-use industries, technological advancements, and a growing awareness of the functional properties of alginate. Alginate's unique properties, such as its ability to form gels in the presence of calcium ions, make it an ideal ingredient for food and beverage products. The increasing consumer preference for natural and clean-label ingredients has driven the demand for alginate in the industry. The pharmaceutical sector has embraced alginate for its role in drug delivery systems, wound care products, and dental applications. The market is witnessing a surge in research and development activities focused on expanding the pharmaceutical applications of alginate and its derivatives.

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FMC Corporation (US)

FMC Corporation is actively involved in the manufacturing and distribution of agricultural, specialty, and industrial chemicals. The company's product portfolio comprises key offerings such as soda ash, hydrogen peroxide, alginates, and specialty peroxygen chemicals, primarily falling into the categories of inorganic materials. FMC Corporation operates through three distinct business segments: minerals, health & nutrition, and agricultural solutions.

Among its diverse product range, alginates find applications in various food products, including bakery items, dressings, fruit juices, ice creams, yogurts, and pet food. The company has established subsidiaries such as FMC Agricultural Products International AG (Switzerland), FMC Agroquimica de Mexico SA de CV (Mexico), FMC Foret, S.A. (Spain), FMC (Shanghai) Chemical Technology Consulting Co. Ltd., FMC Australasia Pty. Ltd., FMC Chemicals (Thailand) Limited, FMC Chemicals KK (Japan), and FMC BioPolymer U.K. Limited (UK).

KIMICA Corporation (Japan)

KIMICA Corporation, based in Japan, is a global producer and distributor of alginates on a commercial scale. With operations in two countries, Japan and Chile, the company effectively meets the global demand for alginates. KIMICA stands out as one of the leading companies globally, specializing in the supply of alginates for applications in the food and pharmaceutical industries. Notable competitors in this space include FMC Corporation (US), Cargill Inc. (US), The Dow Chemical Company (US), and E.I. DuPont de Nemours and Company (US).

Cargill, Incorporated (US)

Cargill, Incorporated operates in the manufacturing and marketing of a wide array of products and services encompassing food, agriculture, finance, and industry. Its primary business segments comprise agriculture services, food ingredients & applications, origination & processing, risk management & finances, and industrial services.

Within its food & beverage ingredients business segment, Cargill is a key provider of alginates. The company offers an extensive range of commercially available alginates, widely utilized in diverse food applications such as ice cream, fruit-filled snacks, dressings, pudding, creams, processed cheese, and powdered products. Cargill's global presence extends across North America, Latin America, Africa, Europe, and the Asia Pacific region.

DuPont (US)

DuPont, headquartered in the United States, is a pioneering company specializing in agricultural and industrial biotechnology manufacturing. With a diverse portfolio, the company is organized into seven business segments, namely agriculture, electronics & communications, industrial biosciences, nutrition & health, performance chemicals, performance materials, and safety & protection.

Spanning across more than 90 countries, DuPont conducts its operations through a network of over 75 research and development centers and 12 examining labs globally. The company is dedicated to the development, production, and marketing of a broad range of alginates tailored for the pharmaceutical and food industries. DuPont's subsidiaries play a pivotal role in its operations, contributing to its significant presence in key regions, including North America, Europe, the Middle East, Africa, Asia, and Latin America.

Penford Corporation (US)

Penford Corporation, now a part of Ingredion, is actively engaged in the development, production, and promotion of specialized natural-based ingredient systems suitable for applications in both the food and industrial sectors, encompassing fuel-grade ethanol. Structured into two distinct business segments—food ingredients and industrial ingredients—the company maintains research and development facilities across Colorado, Arizona, and Iowa. Operating through production facilities and collaborative partnerships situated in Idaho, Washington, Iowa, South Carolina, and Pennsylvania, Ingredion serves various vital industries, including but not limited to food, pet care, paper, and bio-products.

Related Reports:

Alginates and Derivatives Market by Type (Sodium Alginate, Calcium Alginate, Potassium Alginate, PGA), Application (Food & Beverages, Industrial, Pharmaceuticals), Form (Powder, Liquid, Gel Form) and Region - Global Forecast to 2028

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Alginates and Derivatives Market Size,  Share & Growth Report
Report Code
FB 3153
RI Published ON
1/31/2024
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