Global Hydrocolloids market report 2024, Forecast To 2033
2 Feb, 2024
The hydrocolloids market has witnessed robust growth, escalating from $12.02 billion in 2023 to $13.07 billion in 2024, with a compound annual growth rate (CAGR) of 8.7%. This growth in the historic period is attributed to the rise in demand for functional foods, expansion in the pharmaceutical sector, increased demand for personal care products, the surge in e-commerce, and the emergence of new markets. Strong growth is anticipated to continue, reaching $18.09 billion in 2028, with a CAGR of 8.5%. The forecasted growth is linked to factors such as the increasing demand for processed foods, a rising preference for clean label and natural ingredients, the surge in online food delivery, global population growth, and an increase in disposable income. Major trends in the forecast period include advancements in texture and mouthfeel enhancement, the integration of advanced processing technologies, smart packaging, and increased partnership and collaboration.
Global Hydrocolloids Market Key Driver
The hydrocolloids market is anticipated to grow due to the increase in nutritionally aware consumers. In 2022, 52% of Americans followed a diet or eating pattern, reflecting a significant rise. Hydrocolloids, known for their nutritional benefits, are increasingly preferred by consumers seeking health-conscious food choices, contributing to the market growth in 2023, 2024, and 2028.
Get A Free Sample Of The Global Hydrocolloids Market ReportGlobal Hydrocolloids Market Segments
The global hydrocolloids market covered in this report is segmented –
1) By Type: Carrageenan, Guar Gum, Gelatin, Pectin, Microcrystalline Cellulose, Other Types
2) By Function: Thickening, Gelling, Stabilizing, Other Functions
3) By Source: Botanical, Microbial, Animal, Seaweed, Synthetic
4) By Application: Food And Beverage, Pharmaceutical, Personal Care Products, Other Applications
By Geography: The regions covered in the Hydrocolloids market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Major Hydrocolloids Industry Players
Archer-Daniels-Midland Company, Ashland Global Holdings Inc., Cargill Incorporated, CP Kelco US Inc., Darling Ingredients Inc., DuPont de Nemours Inc., Hispanagar S.A., Ingredion Incorporated, Kerry Group plc, Koninklijke DSM N.V., Aquarev Industries SAS, BASF SE, Fiberstar Inc., FMC Corporation, Jungbunzlauer Suisse AG, Lotus Gums & Chemicals, Palsgaard A/S, Hawkins Watts Limited, J.F. Hydrocolloids Inc., E.I. du Pont de Nemours and Company, Tate & Lyle plc, Gelymar S.A., Gum Technology Corporation, Gums n Gums Limited, KIMICA Corporation, Lucid Colloids Ltd., Nexira, Penford Corporation, Silvateam S.p.A., Taiyo International
Get The Full Global Hydrocolloids Market Report
Hydrocolloids Market Overview
The term hydrocolloids refers to a substance that forms a gel in the presence of water. Hydrocolloids are high-molecular-weight polysaccharides derived from plants and algae or synthesized by bacteria. A hydrocolloid is a particle dispersion in water made up of molecules that bind to the water and one another.
Hydrocolloids Global Market Report 2023 provides data on the global hydrocolloids market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The hydrocolloids market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.