The use of materials from renewable sources instead of fossil fuels is a crucial step forward in the industrial transition toward sustainability. Among polysaccharides, alginate stands out as a versatile and eco‐friendly candidate due to its ability to form functional complexes with cations. This review provides an up‐to‐date and comprehensive description of alginate complexation with specific cations, focusing on how interaction forces can be harnessed to tailor the physicochemical properties of cation‐alginate‐based functional materials. Methodologies and approaches for the development and multiscale characterization of these materials are introduced and discussed. Alginate complexes with mono‐, di‐, tri‐, and tetravalent cations (namely Ag+, Mg2+, Ca2+, Sr2+, Ba2+, Mn2+, Co2+, Ni2+, Cu2+, Zn2+, Cd2+, Pb2+, UO22+, Cr3+, Fe3+, Al3+, Ga3+, Y3+, La3+, Ce3+, Nd3+, Eu3+, Tb3+, Gd3+, Zr4+, Th4+) are reviewed. Each cation is discussed individually, highlighting how it can uniquely influence the material properties thereby unlocking new potentials for the design of advanced functional materials. Key challenges and opportunities in applying these complexes across diverse fields, such as biomedicine, environmental remediation, food additives and supplements, flame retardants, sensors, supercapacitors, catalysis, and mechanical isolators are assessed, providing evidence of the transformative potential of cation‐alginate complexes for tackling global challenges and advancing cutting‐edge technologies.