Alginate Market Is Likely To Up Demand At A USD 1.07 Billion By 2028
San Francisco, 5 May 2021: The Report Alginate Market Size, Share & Trends Analysis Report By Type (High M, High G), By Product (Sodium, Propylene Glycol), By Application (Pharmaceutical, Industrial), By Region, And Segment Forecasts, 2021 - 2028 The global alginate market size is projected to reach USD 1.07 billion by 2028 registering a CAGR of 5.0% over the forecast period, according to a new report by Grand View Research, Inc. Rise in product usage as active dyestuff in the textile industry is expected to drive the market over the forecast period. The product is gaining popularity in the food and beverage applications due to rising consumer preference for naturally sourced products. It is predominantly used in the food industry as an emulsifier, gelling agent, and thickening agent. Moreover, increasing application scope in the bakery and confectionery sector is projected to drive the market in the coming years. Increasing consumption of emulsifiers in salad dressing, choco