Alginates Market Share

APAC Market Statistics

Asia Pacific is predicted to have the greatest alginates market share of more than 36% by 2037, out of all other regions. With developing healthcare infrastructure and rising cases of chronic diseases, there has been a greater emphasis on advanced wound management and drug delivery systems in countries such as India and China, owing to which the region's need for alginates is increasing significantly.

Despite being highly preventable, cardiovascular disease (CVD) remains the leading cause of mortality in Asia-Pacific, it was projected to be the cause of 9.4 million deaths in the region.

North American Market Forecast

North America industry is estimated to dominate majority revenue share of 36% by 2037. Rising consumption of ice cream and yogurt in both regular and low-fat categories is majorly driving the market growth in the region. In 2021, ice cream manufacturers in the United States produced over one billion gallons of ice cream.

Alginates reduce the size of ice crystals in ice creams and yogurt thus giving it a creamier texture without the use of other chemicals, this also makes alginates highly popular in low-fat products. Organic low-fat yogurt is predicted to account for 47% of the overall U.S. low-fat yogurt market in 2025.