Propylene-Glycol Alginate Market Size with Top Companies 2023 | Business Growing Strategies, Regional Growth, Challenges, Competitive Dynamics, Industry Segmentation and Forecast to 2029
Posted on May 12 2023 8:18 AM
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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.
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.
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.
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.
OpportunityAs 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
en the research on Propylene-Glycol Alginate and expand the application field of Propylene-Glycol Alginate.
ThreatRaw 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.
Asia Pacific had the highest growth rate of all regions.
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.
Among different product types, Capsule segment is anticipated to contribute the largest market share in 2027.
By application, the Stabilizer segment occupied the biggest share from 2017 to 2022.The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Propylene-Glycol Alginate market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives. For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors. As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain Challenges, among other essential research elements are all covered.
This report provides an overview of the global Propylene-Glycol Alginate market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Propylene-Glycol Alginate and its sub-markets in an intuitive way.
This Propylene-Glycol Alginate Market Research Report provides a complete analysis and insights into the market's size, shares, revenues, various segments, drivers, trends, growth, and development, as well as its limiting factors and regional industrial presence. The goal of the market research is to obtain a complete understanding of the Services industry and its business potential. The Propylene-Glycol Alginate Market Report is 99 pages long and includes a detailed table of contents, a list of numbers, tables, and charts, and in-depth analysis.
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The Key Manufacturers in the Propylene-Glycol Alginate Market are as follows:
- Zhengzhou Yuhe Food Additives Co. Ltd.
- AEP Colloids
- Bright moon seaweed group
- Qingdao Allforlong Biotech
- Shandong Jiejing Group
- Foodchem International Corporation
To develop brand identity in the market, these key companies use a variety of techniques such as product launch, merger & acquisition, acquisition, joint venture, and partnership.
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- Oral Liquid
The countries section of the research includes selected market variables that drive current and future market developments. Consumption, import/export analysis, material prices, and upstream and downstream value chain analysis are some indicators utilized to estimate each country's market position.
- North America (US, Canada, Mexico)
- Europe (UK, France, Germany, Spain, Italy, Central and Eastern Europe, CIS)
- Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LA)
- Middle East and Africa (Turkey, GCC, Rest of Middle East)
This section of the research provides essential insights into different geographies and, as a result, the major corporations functioning in each region.
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The epidemic is still causing tremendous disruption in industries throughout the world. We've been tracking the direct and indirect consequences of the COVID-19 outbreak on the Propylene-Glycol Alginate market. To Know How Covid-19 Pandemic will Impact this Industry - https://www.precisionreports.co/enquiry/request-covid19/23523231
Table of Contents:
With tables and figures to help analyze the global Propylene-Glycol Alginate market trends, this study provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
1. Market Definition and Statistical Scope
1.1 Objective of the Study
1.2 Propylene-Glycol Alginate Market Definition
1.3 Market Scope
1.3.1 Market Segmentation by Type, Downstream Industry and Marketing Channel
1.3.2 Major Geographies Covered (North America, Europe, Asia Pacific, Middle East & Africa, Latin America)
1.4 Years Considered for the Study (2018-2029)
1.5 Currency Considered (US-Dollar)
2. Research Findings and Conclusion
3 Key Companies Profile
3.1 Competitive Profile
3.1.1 Global Sales and Market Share by Companies
3.1.2 Global Revenue and Market Share by Companies
4. Global Propylene-Glycol Alginate Market Segmented by Type
4.1 Global Sales, Revenue and Growth Rate by Type 2018-2023
5 Global Propylene-Glycol Alginate Market Segmented by Downstream Industry
5.1 Global Sales, Revenue and Growth Rate by Downstream Industry 2018-2023
6 Propylene-Glycol Alginate Industry Chain Analysis
6.1 Value Chain Status
6.2 Upstream Raw Material Analysis
6.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
6.5 Downstream Major Customer Analysis (by Region)
6.6 Value Chain Under Regional Conflicts
7. The Development and Dynamics of Propylene-Glycol Alginate Market
7.1 Driving Factors of the Market
7.2 Factors Challenging the Market
7.3 Opportunities of the Global Market (Regions, Growing/Emerging Downstream Market Analysis)
7.4 Technology Status and Developments
7.5 Industry News
7.6 Market Investment Scenario Strategic Recommendations
7.7 COVID-19 Impact on Industry
7.8 Industry SWOT Analysis
8 Global Propylene-Glycol Alginate Market Segmented by Geography
8.1 Global Revenue and Market Share by Region 2018-2023
8.2 Global Sales and Market Share by Region 2018-2023
9 North America
9.1 North America Sales, Price, Revenue, Gross Margin and Gross Analysis from 2018-2023
9.2 North America Sales Analysis from 2018-2023
9.3 North America Import and Export from 2018-2023
9.4 North America Market by Country
10.1 Europe Sales, Price, Revenue, Gross Margin and Gross Analysis from 2018-2023
10.2 Europe Sales Analysis from 2018-2023
10.3 Europe Import and Export from 2018-2023
10.4 Europe Market by Country
11 Asia Pacific
12 Latin America
13 Middle East & Africa
14. Global Propylene-Glycol Alginate Market Forecast by Geography, Type, and Downstream Industry 2023-2029
14.1 Forecast of the Global Market from 2023-2029 by Region
14.2 Global Sales and Growth Rate Forecast by Type (2023-2029)
14.3 Global Sales and Growth Rate Forecast by Downstream Industry (2023-2029)
14.4 Market Forecast Under COVID-19
15.2 Research Data Source
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Key Benefits for Stakeholders:
- The report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Propylene-Glycol Alginate market from 2018-2029.
- The research study provides the latest information on the market drivers, challenges, and opportunities.
- The research identifies the leading and fastest growing regional industries. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Propylene-Glycol Alginate industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.
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Drivers, Restrains and Research Methodology:
The research report provides an analysis of the various factors driving the market's growth. The factors that impede market growth are fundamental because they create different curves to seize opportunities in emerging markets. Data collection and analysis for the base year were carried out using a large sample data collection module. The main research methodologies are data mining, data triangulation, including analysis of the impact of variable data on the market, and initial validation (industry experts). Separately, the data model includes a supplier positioning grid, market timeline analysis, market overview and leadership, company positioning grid, company market share analysis, metrics, top-down analysis, and supplier engagement analysis. For further information on this report, please Request a Sample Copy of "Global Propylene-Glycol Alginate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029" Here.
Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today’s businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Precision Reports is the credible source for gaining the market reports that will provide you with the lead your business needs.
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