Alginates Market Segmentation:
Product Segment Analysis
The pharmaceutical feed grade segment in the alginates market is poised to gain the largest revenue share of about 45% in the year 2035. The various application of pharmaceutical grade in the pharma industry is expected to augment the segment growth. Pharmaceutical-grade alginates are highly used in wound dressing, as they form a gel-like matrix that helps maintain the moisture around the wound and expedites the healing process. Besides this, the alginates are fused with the formulation of drugs to enable the sustained release of the drug over an extended period.
Application Segment Analysis
The food additives segment is expected to garner around 46% market share by 2035. Alginates are widely used in the food industry, as they themselves are the group of food additives that are derived from brown seaweeds. Additionally, the use of alginates in the food sector complies with the regulatory guidelines of the food industry, since they are considered safe by regulatory authorities when used at controlled levels.
Our in-depth analysis of the global alginates market includes the following segments:
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