(Entertainment-NewsWire.com, January 20, 2018 ) The Europe Alginates Market was worth $118.30 million in 2016 and estimated to be growing at a CAGR of 3.89%, to reach $143.17 million by 2021. The market is showcasing moderate potential in the mentioned forecasting period. The market is continuously gaining momentum owing to the growing demand in order to improving food textures. Moreover, diverse uses of alginate such as in pharmaceutical products, textile printing, immobilizing biocatalysts, welding rods coatings, paper manufacturing and binders for fish feeds and releasing agents is likely to fuel growth of alginate market over the forecast period. Increase in consumption of processed convenience food products is expected to propel growth of Europe alginate market over the given forecast period.
The industrial textile has been the dominating sector for the demand of alginate over the last few years. Alginates are generally used as thickeners for the paste containing dye, in the industrial textile sector. In food and beverage industry, mostly the use of alginates comes in sauces and ice-creams, acting in the form of a thickening and stabilizing agent. Also, it is used as a separating agent in water oil emulsions and as a softening agent for bakery applications. Applications wise, food and beverage industry is expected to witness substantial growth in the alginate market.
Market drivers which are majorly influencing the demand of alginate is coming from the food and beverage manufacturers for its thickening, gelling, stabilizing and emulsifying properties. Reason for its rising demand in F&B industry is pertaining to its extraction from natural seaweeds, as it is considered to be the safest food additive in food industry and also certified by FAO and WHO. In addition, there is also an increased demand from textile industry for its use in designing, printing and dyeing on cotton and jute fabrics.
Europe Alginates Market Segmentation: • By Type: Introduction, Sodium Alginate, Calcium Alginate, Potassium Alginate, PGA and Others • By Application: Introduction, F&B, Industrial, Pharmaceuticals and Others • By Geography: Introduction, UK, Spain, Germany, Italy and France Key players in the industry:
• Ashland Inc. • Brenntag AG • Cargill Inc. • Dohler Group • FMC Corporation • Dastech International Inc. • E.I. DuPont De Nemours and Company • Kimica Corporation • Dow Chemical Company • Penford Corporation
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