Market Research Future (Food and Beverages) Alginates Market Research Report - Forecast | Page 3

Alginates Market Research Report - Forecast to 2023
2 Market Overview
Sodium alginate is widely used in various industries including food, textile printing and pharmaceutical. Dental
impression material utilizes alginate as its means of gelling. Alginate is present in the cell walls of brown algae, as
the calcium, magnesium and sodium salts of alginic acid. Alginates are refined from brown seaweeds. A wide variety
of brown seaweeds of the phylum Phaeophyceae are harvested globally and converted into raw material, commonly
known as sodium alginate.
The use of the alginate in food & beverage industry is legalized by major regulatory agencies including FDA and
European Commission which drives its demand. The growth of food & beverage industry in Asia Pacific owing to
rise in population is anticipated to boost the demand of alginates in this region. Alginate is mainly used in the
pharmaceutical industry for the production of controlled release drugs due to superior product performance.
Therefore, the growth of pharmaceutical industry will have a positive impact on the growth of alginate market.
Moreover, increasing application of alginate in bakery and confectionery will propel the growth of alginate market.
Latest Industry Updates:
Nov 2017 Algaia S.A. introduces Satialgine DVA, a next-generation seaweed extract ingredient for dairy and non-
dairy desserts. This alginate line provides a unique rich and creamy texture in desserts such as low-fat dairy flans.
May 2017 Algaia, S.A., and AIDP, Inc. announce their entry into a distribution partnership to market Algaia's alginates
and other specialty marine-based solutions to customers in Canada, USA and Mexico.
March 2017 DuPont acquired FMC’s health and nutrition business and divested a part of their crop chemical
business. The business of FMC’s health and nutrition business included carrageenan, alginates, cellulose and other
gums used as food ingredients.
Jan 2017 Algaia has bolstered its growth in specialty marine ingredients by completing the acquisition of Cargill’s
Alginate business and manufacturing plant.
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