Propylene Glycol Alginate Market, Global Industry Share, Growth, Overview and Analysis 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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its impact on various industry verticals and wherever required we will be
considering covid19 footprints for a better analysis of market and industries.
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