The market is significantly influenced by its expanding use in the food and beverage industry. Alginate, a natural polysaccharide extracted from brown seaweed, acts as a stabilizer, thickener, and emulsifier in various food products. Its unique properties like gelling, film-forming, and ability to prevent ice crystal formation make it ideal for applications in ice creams, dairy products, and salad dressings. Additionally, the rising consumer preference for natural food additives over synthetic ones due to health concerns is propelling the market growth. As the food industry continues to innovate and expand, especially in developing economies, the demand for this seaweed extract is expected to grow, further driving the market.