Alginate Market Size Worth $1.07 Billion By 2028 | CAGR 5.0%
Alginate Industry Overview The global alginate market size is projected to reach USD 1.07 billion by 2028 registering a CAGR of 5.0% over the forecast period, according to a new report by Grand View Research, Inc. Rise in product usage as active dyestuff in the textile industry is expected to drive the market over the forecast period. The product is gaining popularity in the food and beverage applications due to rising consumer preference for naturally sourced products. It is predominantly used in the food industry as an emulsifier, gelling agent, and thickening agent. Moreover, increasing application scope in the bakery and confectionery sector is projected to drive the market in the coming years. Alginate Market Segmentation Grand View Research has segmented the global alginate market on the basis of type, product, application, and region: Based on the Type Insights, the market is segmented into high M, high G. In terms of revenue, the high G type dominated the ...