The global hydrocolloids market size is expected to grow from $9.10 billion in 2021 to $10.48 billion in 2022 at a compound annual growth rate (CAGR) of 15.2%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The hydrocolloid market is expected to reach $16.45 billion in 2026 at a CAGR of 11.9%.
What is the Global Hydrocolloids Market?
The hydrocolloids market consists of sales of hydrocolloids by entities (organizations, sole traders, and partnerships) that refer 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.
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What drives the Global Hydrocolloids Market?
The increase in nutritionally aware consumers is expected to propel the growth of the hydrocolloids market during the forecast period. Consumers are preferring nutritional food as nutrition is critical for a multitude of reasons, including proper psychological well-being, muscle strength, pulmonary ventilation, infection prevention, wound healing, and cardiovascular function. Hydrocolloids are functional food ingredients that have great nutritional benefits and provide an opportunity to tailor nutritional value and offer potential health benefits by controlling gastric emptying and intestine brake mechanisms, glycemic response plasma cholesterol levels, and carbohydrate fermentation in the large intestine. For instance, according to the Kerry Group, an Ireland-based food company, in 2019, 65% of consumers seek nutritional benefits in their food and beverages. Therefore, the increase in nutritionally aware consumers drives the growth of the hydrocolloids market.
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Global Hydrocolloids Market Segments
The global hydrocolloids market is segmented:
By Type: Carrageenan, Guar Gum, Gelatin, Pectin, Microcrystalline Cellulose, Others
By Function: Thickening, Gelling, Stabilizing, Others
By Source: Botanical, Microbial, Animal, Seaweed, Synthetic
By Application: Food and Beverage, Pharmaceutical, Personal Care Products, Others
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.
Hydrocolloids Global Market Report 2022provides market size and growth forecasts for the global hydrocolloids market, global hydrocolloids market share, hydrocolloids market segments and geographies, hydrocolloids market competitive landscape including leading competitors’ revenues, profiles and market shares. The hydrocolloids market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Hydrocolloids Industry Playersinclude Archer Daniels Midland Company, Ashland Global, Cargill Incorporated, CP Kelco, Darling Ingredients, DuPont Nutrition & Biosciences, Hispanagar S A, Ingredion Incorporated, Kerry Group, Koninklijke DSM N.V., Aquarev Industries, BASF, Fiberstar Inc., FMC Corporation, Jungbunzlauer Suisse AG, Lotus Gums & Chemicals, Palsgaard A/S, and Hawkins Watts. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
