Propylene Glycol Alginate Market Overview, Demand, Global Industry Share, COVID-19 Analysis and Growth 2023
Propylene Glycol Alginate Market Overview
Propylene glycol alginate is used in a wide range of applications
such as stabilizers, thickeners, emulsifiers, defoaming agents, surfactants,
and preservatives among others. The rising demand from the food and beverage
and cosmetic & personal care industry across the globe is substantially
contributing to the growth of the propylene glycol alginate market. Propylene
glycol alginate is extensively used in breweries to stabilize the foam in
beers. The growing beer consumption across the globe is anticipated to
positively affect the growth of the global propylene glycol alginate market.
Propylene Glycol Alginate Market Segmentation
The global propylene glycol alginate industry is segmented into application and region. On the basis of
the application, the global market of propylene glycol alginate is segmented
into thickeners, emulsifiers, gelling agents, defoaming agents, surfactants,
preservatives, texture stabilizers and others. On the basis of the end-user
industry, the market is further segregated into food & beverage,
pharmaceuticals, cosmetic & personal care and others. On the basis of the
region, the global propylene
glycol alginate market research is bifurcated into Asia
Pacific, North America, Latin America, Europe, and the Middle East & Africa.
Competitive Analysis
Some of the prominent players in the global COVID-19 analysis on propylene
glycol alginate market are
Universal Preserv-A-Chem Incorporated (U.K), Kikkoman Corporation (Japan),
KIMICA Corporation (Japan), Fuji Kasei Co. Ltd (Japan), IRO Alginate Industry
Co., Ltd (China)., Qingdao Bright Moon Seaweed Group Co.,Ltd (China), and
Rizhao Jiejing Group Co., Ltd (China) among others
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Market Scenario
Among the various applications of the propylene glycol alginate,
the food & beverage application was the dominant segment in 2016 and is
expected to retain its dominance during the forecast period. Whereas, the
cosmetic & personal care and pharmaceutical application segment are also
expected to exhibit steady growth during the review period. The growing demand
for processed food across the globe coupled with increasing application in
cosmetics & personal care is expected to augment the market growth further.
The increasing consumption of ice creams, salad dressings, jams, and other
dairy products across the globe is anticipated to surge the demand for
thickening & emulsifying agents, in turn, propelling the demand for
propylene glycol alginate.
The global propylene glycol alginate market application is spanned across five key regions: Europe, Asia
Pacific, North America Latin America, and the Middle East & Africa. Among
these, Asia Pacific is the fastest growing market during the
forecast period. The presence of agrarian economies has augmented the use of
propylene glycol alginate as herbicides, pesticides. Moreover, the growing
population has increased the demand for food and beverages, in turn, adding to
the demand for propylene glycol alginate. Moreover, the growing disposable
income in the region has augmented the demand for beer, which is anticipated to
fuel the market growth further. According to the Statistics, the beer
revenue in India is expected to reach US$ 3,758 million by the end of 2018.
North America is anticipated to be the largest market, which is closely
followed by Europe.
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on various industry verticals and wherever required we will be considering
covid19 footprints for a better analysis of market and industries. Cordially
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