The global propylene glycol alginate market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Propylene glycol alginate also known as propane-diol alginate or E405 is a natural polysaccharide product isolated from brown algae. It acts as a thickener, stabilizer, and emulsifier in the food industry owing to its gel-forming property with cations such as calcium ions. It is used in dairy and meat products, beverages, ice cream, and bakeries. It can also be used in oral care products such as toothpaste for better thickening effects or vitamin supplements which supports making them thicker. It has wide applications in various end-user industries which is expected to drive market growth. This growth can be regarded to various advantages offered by the product such as reduced thickness and increased overrun compared with other hydrocolloids. Also, the growing demand for cosmetics and personal care products along with the increasing use of thickeners in the food and beverage industry are expected to fuel the growth of the market during the forecast period. Moreover, propylene glycol alginate is also used as defoaming agent in herbicides, fungicides, and insecticides. Furthermore, the growing demand from breweries is expected to augment the market growth further.
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This combination offers enhanced stability & functionality, making it ideal for various baking applications such as cookies, pies, toppings, and fillings. This formulation will be marketed both as a blend and as single ingredients, offering customers innovative, clean label baking solutions and enhancing the competitive advantage of both companies. Additionally, in Jan-2019: Algaia extended its partnership with Gelymar following which the former company aimed to represent the latter company in Europe for carrageenan (red seaweed extracts). Together, the companies use a joint commercialization channel in the US.
Scope of the Propylene Glycol Alginate Report
The research study analyzes the Propylene Glycol Alginate industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Propylene Glycol Alginate Market Segmentation:
By Type
- Powder
- Liquid
By Application
- Thickener
- Stabilizer
- Emulsifier
By End-User
- Food and Beverage
- Personal Care and Cosmetics
- Pharmaceuticals
Some major players in the market include Kikkoman Corp., KIMICA Corp., and Fuji Kasei Co., Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in October 2019, Algaia, a French provider of seaweed extracts, entered into a joint venture with a leading pectin manufacturer, Herbstreith & Fox GmBH & Co. to offer a sustainable formulation of alginate & pectin.
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Propylene Glycol Alginate Market Report
- What was the Propylene Glycol Alginate Market size in 2021 and 2027; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Propylene Glycol Alginate Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Propylene Glycol Alginate Market was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Propylene Glycol Alginate market.
- The market share of the Propylene Glycol Alginate market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Propylene Glycol Alginate market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Propylene Glycol Alginate market.
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