Alginates Market Trends

Growth Drivers

• Growing Production of Natural Food – Natural food such as fruits and vegetables are usually coated with alginate to provide them protection from microbial and viral attacks. Food production is predicted to expand at a pace of 3.2 percent per year for vegetables and 1.6 percent per year for fruits, as stated by the Food and Agriculture Organization of the United Nations (FAO).
• Growing Demand for Advanced Wound Care Products – The creation of alginate gel with calcium ions is highly used in wound dressings. Since calcium alginates are a natural hemostat and alginate-based bandages are used to treat bleeding wounds.
• Growing Textile Industry – Alginates are highly used in textile printing, especially sodium alginates, they are applied as printing paste to provide stability to the print in various cloth materials, such as cotton, silk, synthetic fiber, and wool.

Challenges

• Availability of substitutes hampering the alginates market demand – There are various alginate replacements present in the market. Agar-agar, carrageenan, xanthan gum, guar gum, gelatin, and other ingredients are a few examples. There is no identical replication of alginates, but numerous products can accomplish the exact same function for the specific application. Agar-agar, for example, has the same gelling qualities as alginates and is frequently used in the food sector to replace them.
• Procurement of raw materials is expensive.
• Product’s usage volume is low