Market Overview
The global alginatecasing market size was valued at USD 21.06 million in 2023. The market isprojected to grow from USD 22.84 million in 2024 to USD 56.81 million by 2032,
exhibiting a CAGR of 12.07% during the forecast period.
A natural anionic polymer extracted from brown algae is calledalginate and is available as calcium, sodium, potassium, or ammonium salts. The
alginate casing market is propelling due to the increasing interest in trying
plant-based sausages, which further raised the seaweed-based casing popularity.
List of Key Players Present in the Report:
- ViskoTeepak (Finland)
- D2 INGREDIENTS, LP (U.S.)
- FMC Corporation (U.S.)
- Ruitenberg Ingredients B.V. (Netherlands)
- PROMAR PPH Sp. z o.o. (Poland)
- Viscofan, S.A. (Spain)
- Vaessen Schoemaker B.V. (Netherlands)
- Algaia (France)
- J. RETTENMAIER & SÖHNE GmbH + Co KG (Germany)
- SoleChem S.R.L. (Italy)
- Albert Handtmann Holding GmbH & Co. KG (Germany)
Segments
High Availability of Soy-based Sausages to Augment VeganSegment Growth
Based on application, the market is segmented into meat andvegan. The vegan segment accounts for the largest alginate casing market share
and is leading the market. The growth is attributed to the high availability of
soy-based sausages in the market, which makes them a popular choice for
consumers.
Increasing Unflavored Versions of Alginate Casings toAugment Segment Expansion
By product type, the market is bifurcated into unflavoredand flavored. The unflavored segment is leading in terms of market share due to
the increasing availability of unflavored versions of alginate casings by key
players in the market.
Geographically, the market is studied across North America,Europe, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage
The report provides major growth drivers, restrainingfactors, opportunities, and potential challenges for the market. It offers
comprehensive insights into regional developments, a list of major industry
players, key strategies adopted by market players to boost market share and the
latest industry developments, including product launches, partnerships,
mergers, and acquisitions.
Drivers & Restraints
Surging Demand for Prepared Foods to Drive Market Growth
The increasing demand for prepared foods, owing to the fasturbanization and income growth, further increasing the consumer desire for
ready-to-sell and packaged foods globally, driving the alginate casing market
growth. The rising demand for sausages, which is further raising the demand for
alginate casing from the industry, also boosts the market expansion.
Although, the alternatives for meat are considered costly incountries, including Philippines, Indonesia, India, Malaysia, Brazil, Mexico,
Peru, Argentina, and Chile, hindering market growth.
Regional Insights
High Demand for Sausages to Fuel Market Growth in Europe
In terms of market value, Europe is dominating the market.The high demand for sausages as they are a major part of the daily diet of
European consumers, drives market growth in Europe.
Asia Pacific is expected to witness the fastest growthduring the forecast period due to the increasing population in nations, such as
India, Bangladesh, China, and others.
Competitive Landscape
Major Market Players are Adopting Different Strategies toMaintain Competitive Edge
The alginate casing market comprises major market players,which are adopting strategies, such as mergers, acquisitions, and partnerships,
to maintain a competitive edge and further drive market expansion.
Key Industry Development
March 2023 – A German manufacturer of functionalplant-based ingredients, JRS Group, acquired Algaia SA, a producer of seaweed
extracts and hydrocolloids based in France. The acquisition will enable JRS
Group to deliver innovative seaweed-based solutions to its global customers and
utilize sources of fresh seaweed in Brittany.
