Propylene Glycol Alginate Market Analysis

Global Propylene Glycol Alginate Market Overview

Propylene Glycol Alginate Market Size was valued at USD 14.42 Billion in 2023. The propylene glycol alginate industry is projected to grow from USD 14.97 Billion in 2024 to USD 19.44 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.32% during the forecast period (2024 - 2032). Some of the market drivers boosting the rise of propylene glycol alginate include an increase in the demand for alginates as gluten alternatives and growing demand for food additives in the food and beverage sector. Additionally, PGA is a favored option for producers due to its many advantages, including enhanced texture, stability, and viscosity. Due to the expanding trend of clean label and natural ingredients in the food sector, the market is anticipated to continue to rise.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Propylene Glycol Alginate Market Trends

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  Increased demand from food & beverage industry is driving the market growth

  
  

The food and beverage sector has seen substantial expansion and adoption of propylene glycol alginate (PGA) because of its useful qualities and adaptability. In a variety of food & beverage applications, PGA works well as a thickener, stabilizer, and emulsifier. It enhances the viscosity, mouthfeel, and texture of goods including sauces, dressings, dairy products, and beverages. The quest for improved stability and texture in food items has resulted in a rise in the use of PGA as a stabilizing and texturizing agent. PGA has become more well-known as a result of the rising demand for natural and clean label food components. Because it is made from brown seaweed, it is a healthy and sustainable ingredient. To support its expansion in the food and beverage sector, PGA satisfies consumer preferences for ingredients that are seen as healthier and more environmentally friendly.

The market CAGR for propylene glycol alginate (PGA) is significantly influenced by the increasing demand for natural and organic components. The safety, quality, and sustainability of the food and beverages that consumers eat are topics of increasing consumer awareness. A burgeoning market for natural and organic goods, including food additives and ingredients like PGA, has been generated by this change in customer tastes. Concern for one's health and wellbeing is growing among consumers. They are actively looking for goods that are devoid of artificial additives, synthetic chemicals, and genetically modified organisms (GMOs). Natural and organic components are viewed as healthier options to synthetic additions, such as PGA made from brown seaweed. PGA satisfies the need for products with clean labels that are viewed as safer and more wholesome. Furthermore, consumers are more aware than ever of the effects their shopping decisions have on the environment in addition to their own health. Natural and organic ingredients are said to be more environmentally beneficial, especially PGA produced from sustainable sources like seaweed. Thus, driving the propylene glycol alginate market revenue.

Propylene Glycol Alginate Market Segment Insights

Propylene glycol alginate Application Insights

The propylene glycol alginate market segmentation, based on application includes stabilizers, emulsifiers, thickeners and Others. The emulsifiers segment dominated the market. In the food business, the usage of propylene glycol alginate as an emulsifier is expanding. It can be utilised to improve viscosity, and the FDA has allowed its use for this objective. Because of its strong gelling ability, it improves the flavor release from chewing gum compositions and decreases syneresis or weeping during storage. A high-quality product has been found to work well in other applications, including ice cream coatings, powdered drink mixes, dry beverage mix systems (including hot chocolate), dietary supplement beverages with added nutrient value/health benefits, etc.

Propylene glycol alginate End Use Insights

The propylene glycol alginate market segmentation, based on end use, includes Food & Beverage, Personal Care & Cosmetics and Pharmaceuticals. The food & beverage category generated the most income. PGA is widely used in a variety of food applications, such as dairy goods, baked goods, sauces, dressings, and confections. Furthermore, the personal care & cosmetics category is anticipated to grow at a significant rate over the forecast period. As a thickening and stabilizing ingredient, propylene glycol alginate is utilised in cosmetics and personal care products. It gives goods like creams, lotions, and shampoos the desired viscosity and texture.

Figure 1: Propylene Glycol Alginate Market, by End Use, 2022 & 2032 (USD Billion)

 Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Propylene glycol alginate Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American propylene glycol alginate market area will dominate this market. The region's expanding working population has increased the need for processed foods and beverages, which is likely to fuel the market's expansion. Additionally, it is projected that the region's growing pharmaceutical and cosmetic & personal care industries will drive up demand for propylene glycol even more. In the cosmetic and personal care sector, propylene glycol alginate is widely utilised as thickeners, binders, aroma enhancers, and moisture retention agents.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: PROPYLENE GLYCOL ALGINATE MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe propylene glycol alginate market accounts for the second-largest market share. During the forecast period, the market is expected to be driven by the developed cosmetic and personal care sector.  Moreover, the industry is expanding as a result of the rising use of processed foods and drinks.  Furthermore, it is anticipated that the region's need for propylene glycol alginate will increase as beer consumption rises in nations like Germany, Austria, and the Czech Republic. Breweries frequently employ propylene glycol alginate as a stabilizer to maintain foam stability and avoid foam disintegration. Further, the German propylene glycol alginate market held the largest market share, and the UK propylene glycol alginate market was the fastest growing market in the European region

The Asia-Pacific Propylene Glycol Alginate Market is expected to grow at the fastest CAGR from 2023 to 2032. The food and beverage business has experienced rapid growth, which has had a significant positive impact on the market's expansion. Additionally, the existence of agriculturally dependent economies like India, China, and Indonesia, among others, has increased the use of herbicides, insecticides, and fungicides, which has increased the need for propylene glycol alginate as defoaming agents in the Asia Pacific market. Moreover, China’s propylene glycol alginate market held the largest market share, and the Indian propylene glycol alginate market was the fastest growing market in the Asia-Pacific region.

Propylene glycol alginate Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the propylene glycol alginate market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, propylene glycol alginate industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the propylene glycol alginate industry to benefit clients and increase the market sector. In recent years, the propylene glycol alginate industry has offered some of the most significant advantages to market. Major players in the propylene glycol alginate market attempting to increase market demand by investing in research and development operations include Universal Preserv-A-Chem Incorporated (U.K), Kikkoman Corporation (Japan), KIMICA Corporation (Japan), Fuji Kasei Co. Ltd (Japan), IRO Alginate Industry Co. Ltd (China), Qingdao Bright Moon Seaweed Group Co.Ltd (China) and Rizhao Jiejing Group Co. Ltd (China).

Produced, sold, and exported by Kikkoman Corp. are soy sauce, convenient seasoning mixes, Del Monte seasonings, food items, soy-milk drinks, Del Monte beverages, canned fruit, tomato tomato sauce, canned maize, health foods, sake, mirin, and wines. Enzymes, other biochemical products, including hyaluronic acid, and clinical diagnostic reagents are also produced and sold by the company. The services provided by Kikkoman include back-office assistance, leasing real estate, and logistics. Del Monte and Kikkoman are two brands that the business uses to promote its goods.

As a prominent supplier of natural ingredients and raw materials to distributors and manufacturers in the food, personal care, and pharmaceutical industries, UPI was established as a family business in 1967. UPI has established a solid reputation for providing consumers with high-quality services and goods over the course of more than 45 years because to its honesty and dependability, which can only be attained by a lot of effort and two generations of experience. The goal of UPI is to become "supplier of choice." Its staff searches the globe for the most innovative items and technology in order to meet this high standard for providing the best products. Its ongoing dedication to renewable natural and "green" sources highlights our dedication to the highest environmental standards.

Key Companies in the propylene glycol alginate market include

• Universal Preserv-A-Chem Incorporated (U.K)


• Kikkoman Corporation (Japan)


• KIMICA Corporation (Japan)


• Fuji Kasei Co. Ltd (Japan)


• IRO Alginate Industry Co. Ltd (China)


• Qingdao Bright Moon Seaweed Group Co.Ltd (China)


• Rizhao Jiejing Group Co. Ltd (China)

Propylene glycol alginate Industry Developments

April 2022: The launch of Kikkoman Oyster Flavored Sauce, a soy sauce that is 100 percent vegetarian and suitable for both vegetarians and non-vegetarians, was announced by Kikkoman Corporation, a major soy sauce manufacturer. With the intention of introducing a new product specifically tailored for the Indian market, this new sauce is the result of two years of hard development. All importation, production, marketing, and distribution of Kikkoman goods throughout the nation are under the exclusive control of Kikkoman.

August 2019: The emulsifier Dimodan NG 100 was launched by DowDuPont Nutrition & Biosciences, a division of DowDuPont Specialty Products, as a "next-generation" replacement for hydrated monoglycerides as a dough conditioner and crumb strengthener in a number of applications. By using this innovative monoglyceride powder rather than hydrated pastes, baking manufacturers may generate identical product yields with a less number of ingredients, resulting in considerable cost savings and improved sustainability.

Propylene Glycol Alginate Market Segmentation

Propylene Glycol Alginate Application Outlook (USD Billion, 2018-2032)

• Stabilizers


• Emulsifiers


• Thickeners


• Others

Propylene Glycol Alginate End Use Outlook (USD Billion, 2018-2032)

• Food & Beverage


• Personal Care & Cosmetics


• Pharmaceuticals

Propylene Glycol Alginate Regional Outlook (USD Billion, 2018-2032)

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America