Rockville, Sept. 14, 2023 (GLOBE NEWSWIRE) The Marine Algae Polysaccharides Market is expected to reach a value of US$ 1,205.7 million in 2023 and US$ 2,860.2 million in 2033, according to Fact.MR. Over the next ten
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Report includes market status and forecast of global and major regions, with introduction of vendors, regions, product types and end industries; and this report counts product types and end industries in global and major regions.
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The Global Alginate Market size is expected to reach $961.4 Million by 2026, rising at a market growth of 8% CAGR during the forecast period. Alginates are a set of naturally occurring anionic polysaccharides, acquired from brown algae cell walls. Alginates are increasingly utilized in the biomedical and pharmaceutical industries. Moreover, they are widely used in food items due to their stabilizing and thickening characteristics. They have potential application in the food industry and are utilized in the preparation of jellies, jams, and marmalades.
Growing demand for alginate in the food industry due to its excellent gelling properties is anticipated to push the market growth. Alginate has various applications in the healthcare sector due to its easy gelation and biocompatibility. The product is extensively utilized in the development of wound dressing due to its porous structure and high-water absorptio