Propylene Glycol Alginate Market Is Expected To Register A Positive CAGR Of 3.8% By 2030

The Propylene Glycol Alginate Market size is anticipated to reach close to USD 18.96 Billion by 2030 with a CAGR of 3.8% during the predicted period( 2022- 2030).

Propylene Glycol Alginate is used on a substantial scale in the Food & Beverage industry. A raise in the global population and arising demand for multi-purpose food additives that help in improving taste, quality, and shelf life have resulted in boosted demand for Propylene Glycol Alginate from the global Food & Beverages, Bakery, and Processed Food Products Industries.

Market Segmentation
North America and Latin America Food Emulsifiers Market by Application
Based on applications, the market is segmented into confectionery products, bakery products, dairy and frozen desserts, meat products, and others. In the year 2021, bakery and confectionery products dominated the market. Because people are consuming further baked products, the demand for food emulsifiers is boosting the bakery industry. On the other hand, according to some sources, it adhered that roughly 400 million pounds of emulsifiers were used in the food business recently. Additionally, the bakery industry accounts for 50 of the food emulsifier market, including emulsifiers used in baking growing at a rate of 3 per year. The demand for food additives in the bakery industry is enlarging to maintain product taste, quality, and freshness, which is punching up the usage of food emulsifiers.

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North America and Latin America Food Emulsifiers Market by Product
Based on product, the market is segmented into Polyglycerol esters of dimerized fatty acids of soybean oil, Lecithins( just for chocolates and chocolate cover), alginate, carrageenan, locust bean gum, guar gum, xanthan gum, polysorbate 80, polyoxyethylene sorbitan monostearate( tween), polysorbate 60, ammonium phosphatides, microcrystalline cellulose, cellulose gum( CMC), mono- and diglycerides of fatty acids, lactic acid esters of mono and diglycerides of fatty acids, citric acid esters of mono and diglycerides of fatty acids, polyglycerol esters of fatty acids, polyglycerol polyricinoleate, propylene glycol esters of fatty acids, sodium stearoyl-2-lactylate, calcium stearoyl-2-lactylate, sorbitan monostearate, sorbitan tristearate. Meanwhile, in the global market, stearoyl lactylates are anticipated to offer profitable chances. The use of these emulsifying agents is anticipated to roll out in the next years, because of their extensive consumption for the production of sauces, snacks, pancakes, and alcoholic beverages which are substantially cream-based and dietary products. The United States Food and Drug Administration has declared this product safe, and should also cinch a constant demand for the product in the next years.

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Regional Analysis
The global market is segmented into five major regions- North America, Europe, The Asia Pacific, Latin America, and The Middle East & Africa.
North America and Latin America Food Emulsifiers Market size is rising at a faster pace with substantial growth rates over the last few years and is projected that the market will cultivate significantly in the forecasted period i.e., 2023 to 2030.
Among these, North America was the presiding region in 2016 and is anticipated to keep its supremacy during the forecast period. Propylene glycol alginate is considerably used as thickeners, binders, scent enhancers, and moisture-retaining agents in the cosmetic & personal care industry. The Asia Pacific is expected to be a rapidly- growing market during the forecast period. The European market is expected to flaunt a moderate CAGR during the forecast period. also, the rising consumption of beer in nations similar to Germany, Austria, and the Czech Republic is anticipated to fuel the demand for propylene glycol alginate in the region. Propylene glycol alginate is enormously used as a stabilizer to stabilize and prevent foam breakdown in breweries.

Key Players
Some of the prominent players in the global propylene glycol alginate market are Universal Preserv-A-Chem Incorporated(U.K), Kikkoman Corporation( Japan), KIMICA Corporation( Japan), and Fuji KaseiCo. Ltd( Japan), IRO Alginate IndustryCo., Ltd( China)., Qingdao Bright Moon Seaweed GroupCo., Ltd( China), and Rizhao Jiejing GroupCo.Ltd.( China) among others.

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