The ‘Global Hydrocolloids Market Growth, Analysis, Size, Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global hydrocolloids market, assessing the market on the basis of its segments like product and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Hydrocolloids Market Share, Size, Price, Trends, Industry Report, Key Players, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 6.5%
The global hydrocolloids market is expected to register growth during the forecast period due to the surging demand for gelling and thickener agents from personal care and cosmetics, food and beverage, and pharmaceuticals industries, in developing economies. The surging usage of convenience foods and ready-to-eat meals across the globe is likely to spur the demand for hydrocolloids.
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Hydrocolloids offer functional solutions which help in the replacement and reduction of sugar, fat, and salt (sodium). With the growing food industry and the broad series of functions presented by hydrocolloids in the food industry, the hydrocolloids market growth is anticipated to propel over the coming timeframe. The growing concern among consumers about consuming healthy food products is likely to escalate the market demand for hydrocolloids due to their health benefits as they help in reducing gastroesophageal reflux and reduce risk of various chronic conditions.
The increasing use of hydrocolloid-based products for building materials and rising demand from the cosmetics industry are expected to boost the growth of the hydrocolloids market over the forecast period. In cosmetics and personal care products, some hydrocolloids are employed in moisturisers to form films over the surface of the skin.
Hydrocolloids Industry Definition and Major Segments
A hydrocolloids is a colloid system in which the colloid particles are hydrophilic polymers separated in water, with colloid particles dispersed throughout the water. Upon coming into contact with water, the colloid system forms a gel or a liquid, depending on the amount of water available. It can be both reversible and irreversible (single state).
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Based on product, the market is classified into:
• Corn Starch
(By Application)
o Sweeteners
o HFCS
o Pharmaceutical
o Cosmetic
o Paper
o Feed
o Other Food Use
• Guar Gum
(By Application)
o Fast Hydrated Gum
o Industrial Grade
o Food Grade
• Carrageenan
(By Type)
o Refined Carrageenan
o Food Grade Refined Carrageenan
o Non- Food Grade Refined Carrageenan
(By Application)
o Dairy
o Water Gels
o Non- Food
o Other Food
• Xanthan Gum
(By Application)
o Food and Beverages
o Oil and Gas
o Pharmaceuticals
o Cosmetics
o Others
Based on region, the market is divided into:
• North America
• Latin America
• Asia Pacific
• Europe
• Middle East and Africa
Hydrocolloids Market Trends
Geographically, the North American region is anticipated to drive the hydrocolloids market growth during the forecast period on account of the surging consumption of processed food. This is due to the changing dietary routines and lifestyle patterns. The growing demand from the personal care and cosmetics industry coupled with the rising consumer inclination toward natural food products is expected to bolster the market demand for hydrocolloids in the region.
Meanwhile, the Asia Pacific region is expected to gain momentum in the hydrocolloids market share over the coming years on account of the increasing demand for processed foods and fast foods. Going further, with the clean-label and functional perspective of the product, the usage of hydrocolloids as a texturising and stabilising ingredient is expected to increase, along with its adoption as an ingredient for the processing of various foods and beverages.
With the growing population in the region, the surging demand for natural food and clean-label ingredients including thickening agents and stabilisers has enhanced the demand for hydrocolloids. Moreover, hydrocolloid production plants in countries like India, Thailand, Indonesia, and China are likely to contribute to market growth across the Asia Pacific. The growing food industries along with the rising disposable income and rapid urbanisation are also expected to contribute to the market growth.
Key Market Players
The major players in the global hydrocolloids market report are:
- Cargill, Incorporated
- Archer Daniels Midland Company
- Ingredion Incorporated
- Kerry Group plc
- Lotus Gums & Chemicals
- Daicel Corporation
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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