Global Propylene Glycol Alginate Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 3.8 % through 2020 to 2026, reaching nearly US$ XX Bn.
Global Propylene Glycol Alginate Market Overview:
Propylene Glycol Alginate possesses a wide range of properties that are used on a large scale in the Food & Beverages Industry. Propylene Glycol Alginate is a dried and distilled form of Ester of alginic acid which is extracted from Kelp plants. Propylene Glycol Alginate is used as a thickening, emulsifying, and preservative agent to improve the nutritional content, consumable condition, and shelf life of food products and beverages. The presence of binding and dissolving properties of Propylene Glycol Alginate is used in manufacturing tablets by the Pharmaceuticals Industry.
The presence of thickening and emulsifying properties has resulted in the increased use of Propylene Glycol Alginate in manufacturing cosmetics and personal care products. Propylene Glycol Alginate is used in manufacturing nutraceuticals due to the presence of hunger suppressing properties. Increasing population, rising consumption of food products and beverages, and growth in the demand for additives with multiple benefits by the Food and Beverages Industry have resulted in the growth of the Global Propylene Glycol Alginate Market.
Global Propylene Glycol Alginate Market Dynamics:
Propylene Glycol Alginate is used on a large scale in the Food & Beverages industry. An increase in the global population and rising demand for multi-purpose food additives that help in enhancing taste, quality, and shelf life has resulted in increased demand for Propylene Glycol Alginate from the global Food & Beverages, Bakery, and Processed Food Products Industries.
A report by Julie Nygaard, Kurt Draget, and others published by the Norwegian University of Science and Technology states that Propylene Glycol Alginate solutions can be easily modified by adding sodium chloride and urea. This report showed an easy way to regulate foamability and densities of the gelled foam has resulted in a wide-scale use of Propylene Glycol Alginate as Gelling and Stabilizing agents by the global Food & Beverages Industry.
Propylene Glycol Alginate holds a safe to consume rating from food regulatory authorities in the US and Europe.
European Food Safety Authority has approved the use of Propylene Glycol Alginate as cattle and pet food products. With approval from renowned global organizations, Propylene Glycol Alginate holds a safety license as a food additive for human and animal food products.
Propylene Glycol Alginate holds medicinal properties that are used in removing heavy content of minerals from the bloodstream. This has resulted in the inclusion of Propylene Glycol Alginate in Cancer management therapies on a large scale. An increase in the number of people getting affected by cancer has resulted in increased use of Propylene Glycol Alginate by the Healthcare sector.
Increasing demand for food products and rising preference for low-cost organic additives are the driving factors for the growth of the Global Propylene Glycol Alginate Market.
Restraints:
The use of Propylene Glycol Alginate in synthetic form has resulted in adverse health effects. This is limiting the growth of the Synthetic Propylene Glycol Alginate Market.
Direct Contact with skin has resulted in allergies and damage to the kidney and liver. This has resulted in the limited use of Propylene Glycol Alginate by the Cosmetics Industry.
Global Propylene Glycol Alginate Market Segment Analysis:
The Global Propylene Glycol Alginate is segmented on the basis of
By Form, It is observed that food products requiring thickening and emulsifying agents use Propylene Glycol Alginate in powdered form while food products that require gelling agents use Propylene Glycol Alginate in Gel or Liquid form. More than 40% of the Propylene Glycol Alginate available in the market is in powdered form.
By Application, Propylene Glycol Alginate is used as thickeners and emulsifiers in manufacturing ice cream, bakery, and processed food products. Propylene Glycol Alginate is used as gelling agents in manufacturing sauce and ketchup to improve viscosity. Propylene Glycol Alginate is used as a De-foaming agent in manufacturing alcoholic beverages.
Propylene Glycol Alginate is used as preservatives in jams and jellies to hold their color and improve shelf life. It is observed that demand for Propylene Glycol Alginate as a thickening and emulsifying agent by the Bakery and Food processing industries has increased by 3%.
By End Users, It is observed that more than 75% of the Propylene Glycol Alginate present in the market is consumed by the Food & Beverages, Bakery, and Pharmaceuticals Industry. An increase in demand for organic thickening and the emulsifying agent has resulted in a 4% increase in demand for Propylene Glycol Alginate by the Meat Industry in the US and Europe. The rising preference for low-cost emulsifying and stabilizing agents has resulted in a 3.7% increase in demand for Propylene Glycol Alginate by the Bakery Industry in Europe.
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It is observed that the Food & Beverages Industry consumes more than 32% of the Propylene Glycol Alginate manufactured and contributes to more than 30% of the revenue earned by the Global Propylene Glycol Alginate Market. An increase in the manufacturing of medicines on the global level has resulted in a 1.7% increase in the consumption of Propylene Glycol Alginate by the Pharmaceuticals Industry.
The rising preference for organic cosmetic and personal care products has resulted in a 2.7% increase in the consumption of Propylene Glycol Alginate by the cosmetics industry. An increase in the consumption of meat products has resulted in a 1.3% increase in the consumption of Propylene Glycol Alginate by Meat Industries throughout the world. Different industries use Propylene Glycol Alginate as per need.
Global Propylene Glycol Alginate Market Regional Insights
An increase in preference for processed food products and beverages has resulted in a 3% increase in consumption of Propylene Glycol Alginate by the Food & Beverages Industry present in North America. The preference for plant-based products and the presence of binding properties has resulted in a 2.8% increase in the consumption of Propylene Glycol Alginate by the Pharmaceutical Industry in manufacturing tablets.
Europe is the biggest consumer of Organic Propylene Glycol Alginate in cosmetics. The presence of binding and emulsifying properties has resulted in a 2.1% increase in the consumption of Propylene Glycol Alginate by the Cosmetics Industry. The presence of hunger-suppressants properties has resulted in a 4.3% increase in the use of Propylene Glycol Alginate by the Nutraceutical Industry.
The ever-rising population and rising consumption of food products and beverages have resulted in a 1.6% increase in the consumption of Propylene Glycol Alginate in Asia-Pacific. An increase in preference for plant-based additives has resulted in a 3.7% increase in the consumption of Propylene Glycol Alginate by the Food & Beverages Industry in South America. The Middle East and Africa’s market is showing a low growth rate, the reason for which is the preference for alternative additive products.
The objective of the report is to present a comprehensive analysis of the global Propylene Glycol Alginate market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Propylene Glycol Alginate market dynamics, structure by analyzing the market segments and Project the global Propylene Glycol Alginate market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Propylene Glycol Alginate market make the report investor’s guide.
Global Propylene Glycol Alginate Market Scope: Inquire before buying
Global Propylene Glycol Alginate Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Propylene Glycol Alginate Market Key Players
• Universal Preserveachem Inc.
• Aspartic Space Inc.
• Louise Galvin Ltd.
• Kikkoman Corporation
• KIMICA Corporation
• My-Chem GmbH
• Fuji Kasei Co., Ltd.
• KIMYAGARAN EMROOZ
• LEAF
• IRO Alginate Industry Co., Ltd.
• Prime Laboratories
• Shandong Jiejing Group Corporation
• Unikem Holding Qingdao Co., Ltd.
• Qingdao Megatro Holding Inc.
• Rizhao Jiejing Group Co., Ltd
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