Global Propylene-Glycol Alginate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Propylene-Glycol Alginate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Propylene-Glycol Alginate is a food additive for stabilization, thickening and emulsification. Propylene-Glycol Alginate is the reaction product of propylene oxide and alginic acid. Alginic acid is a natural macromolecular polysaccharide extracted from deep-sea brown algae such as kelp and macroalgae. Therefore, alginic acid is mainly derived from brown seaweed. Brown seaweed was used for food centuries ago, but it wasn't until the 20th century that alginic acid was produced on an industrial scale. At present, many countries in the United States, Japan, South Korea, Russia, and China allow the use of Propylene-Glycol Alginate as a food additive, which is widely used in various foods. For example, the United States allows Propylene-Glycol Alginate as a food additive in 21 CFR § 172.858 of 1982. China approved its use as a food additive in 1988, and in November 2017, China's National Health and Family Planning Commission announced the application of PGA to expand the scope of use in fermented flour products, bread, cakes and other fields.

Market Overview:

The latest research study on the global Propylene-Glycol Alginate market finds that the global Propylene-Glycol Alginate market reached a value of USD 358.59 million in 2022. It’s expected that the market will achieve USD 475.36 million by 2028, exhibiting a CAGR of 4.81% during the forecast period.

Strength

Propylene-Glycol Alginate has strong acid resistance and can be used in acidic environments with pH 3-5.
Propylene-Glycol Alginate has good foaming and emulsifying ability.
Propylene-Glycol Alginate has the properties of hydration, anti-aging and tissue improvement.

Weakness

Side effects of Propylene-Glycol Alginate. Propylene-Glycol Alginate may cause side effects when it comes into direct contact with the skin.
There are many food emulsifiers and thickeners on the market including Propylene-Glycol Alginate. Propylene-Glycol Alginate faces a certain threat of substitutes.

Opportunity

As the global population continues to expand and people's disposable income increases, the demand for food and beverages continues to increase. The growing scale of food and beverage industry development will increase the demand for Propylene-Glycol Alginate.
Continuously strengthen the research on Propylene-Glycol Alginate and expand the application field of Propylene-Glycol Alginate.

Threat

Raw material prices fluctuate. If the price of raw materials rises, the company's production costs will rise, affecting the company's production and operation.
The risk of international trade friction. International trade frictions may increase tariffs, resulting in cross-border Propylene-Glycol Alginate trade being affected.
Rising labor costs increase the company's production costs.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

Bright moon seaweed group is one of the major players operating in the Propylene-Glycol Alginate market, holding a share of 5.25% in 2022.

Bright moon seaweed group is a high-tech enterprise that develops and produces seaweed biological products using large marine brown algae as raw materials. Adhering to the mission of Using marine resources to benefit human health, the company is committed to becoming a global leader in seaweed + health solutions in accordance with the development concept of Strategic Ocean Starts with a Seaweed and guided by the new STBC strategy. Bright moon seaweed group has built a new development pattern of seaweed health industry chain ecosystem with seaweed functional raw material industry, seaweed health product industry and seaweed cultural tourism industry interconnected.

Kimica is a company in Asia that has successfully produced alginate on a commercial scale. Today, the KIMICA factories in Japan and Chile, respectively, produce a full range of alginate products, which are sold around the world.

With worldwide concerns about healthcare, food safety, environmental issues, etc., the market demand for alginate, an extract derived from natural resources, is growing rapidly. The company mainly focuses on the manufacture and Production of marine biopolymers such as alginate and chitosan.

Segmentation Overview:

Among different product types, Capsule segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Stabilizer segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Propylene-Glycol Alginate market covered in Chapter 3:

Bright moon seaweed group
Foodchem International Corporation
Zhengzhou Yuhe Food Additives Co., Ltd.
Qingdao Allforlong Biotech
AEP Colloids
Kimica
Shandong Jiejing Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Propylene-Glycol Alginate market from 2018 to 2029 is primarily split into:

Capsule
Oral Liquid

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Propylene-Glycol Alginate market from 2018 to 2029 covers:

Thickener
Stabilizer
Emulsifier
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)