Hydrocolloids Market

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Hydrocolloids Market by Type (Gelatin, Xanthan Gum, Carrageenan, Alginates, Agar, Pectin, Guar Gum, Locust Bean Gum, Gum Arabic, Carboxymethyl Cellulose, Microcrystalline Cellulose), by Application (Thickeners, Stabilizers, Gelling Agents, Fat Replacers, Coating Materials, and Others), by Source (Botanical, Microbial, Animal, Seaweed, and Synthetic), by Industry Vertical (Food & Beverage, Cosmetics, Pharmaceuticals, and Others) - Global Opportunity Analysis and Industry Forecast, 2022 – 2030

Industry: Materials and Chemical | Publish Date: 05-Jan-2023 | No of Pages: 501 | No. of Tables: 354 | No. of Figures: 335 | Format: PDF | Report Code : N/A

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Market Definition

The global Hydrocolloids Market size was valued at USD 13.14 billion in 2021 and is predicted to reach USD 20.20 billion by 2030 at a CAGR of 4.95% from 2022 to 2030.

Hydrocolloids are a heterogeneous collection of polysaccharides that create a gel-like substance when dispersed in water.

Multifunctionality of Hydrocolloids Leads to Their Wide Range of Applications

Hydrocolloids or gums belong to a group of biopolymers widely used in food technology. Hydrocolloids are commonly used in many food formulations to improve their quality attributes and extend their shelf-life. Hydrocolloids have been extensively used in different food products as thickeners (soups, gravies, salad dressings, sauces, and toppings), water retention agents, stabilizers, emulsifiers, and gel-forming agents (jam, jelly, marmalade, restructured foods, and low-sugar per calorie gels).

These chemicals can also be used to prevent ice and sugar crystal formation in ice cream and can help control the release of flavors. In the bakery industry, these compounds help improve food texture and moisture retention to retard starch retrogradation, and finally enhance the overall quality of the products during storage.

 

Increasing Popularity of Clean Label Additives Due to a Rise in Health and Wellness Trend

As people become increasingly aware of natural and clean-label food, the consumption of these types of food and beverages has been growing exponentially, which in turn has increased the demand for hydrocolloids. Moreover, this has led to the increasing reliance on natural fibers and gums for functional properties, stability, safety, and quality of food products. Further, the application of hydropolymers is not limited to the food and beverage industry; they are also in high demand in the pharmaceutical, cosmetic, textile, paper, and agricultural industries. Thus, the versatile properties of hydrocolloids are driving its demand from food processing industries, thereby supporting the hydrocolloids market growth.

Stringent Regulations and International Quality Standards Regarding The Use of Hydrocolloids

Thickening and gelling agents are food additives, and their use is subject to several laws and regulations. For instance, in May 2022, the Canadian government prohibited the misrepresentation of food; mislabeling, adulteration, and substitution of food are forms of misrepresentation and may constitute food fraud. Thus, the Canadian Food Inspection Agency (CFIA) has taken steps to ensure that food products are properly labeled and safe for consumption, and that businesses have the same opportunities to thrive in the Canadian market. These factors are restraining the growth of the hydrocolloids industry during the forecast period.

Rising Expansion of Ready Meal Convenience Foods Worldwide Create Growth Opportunities

Growing consumption and demand for convenience foods directly impacts the increased use of hydrocolloids in these products to enhance shelf life, quality, and other properties. It enhances the viscosity and improves the textural properties of a wide variety of food products such as processed meat, gravies, and sauces.

According to a global events company, Montgomery Group, in 2020, the UK food-to-go sector is expected to reach USD 31.6 billion by 2024 due to the ease of utilization and consumption of convenience foods. Manufacturers are increasingly using hydrocolloids in processed foods to meet the growing demand for hydrocolloids, which is expected to create ample opportunities for the hydrocolloids industry in the future.

 

Asia-Pacific Currently Dominates The Hydrocolloids Industry

Asia-Pacific holds the lion’s share of the hydrocolloids market at present and is expected to continue its dominance during the forecast period. Several factors are contributing to this, including the high consumption of frozen products such as bread, pizzas, donuts, and muffin that uses hydrocolloids to improve texture and moisture retention and enhance the overall quality.

North America Witnessed Substantial Growth in The Global Hydrocolloids Market

North America is expected to show a steady rise in the hydrocolloids market share; this can be attributed to the presence of high population in countries such as China and India, which significantly increases the consumption rate of several beverages, including carbonated drinks and dairy beverages that use hydrocolloids to enhance flavor and texture. Moreover, beer consumption in this region that uses old-soluble hydrocolloids such as carrageenan to reduce the level of haze that forms in a finished beer is further driving the hydrocolloids market growth.

 

Competitive Landscape

Various market players operating in the hydrocolloids market include Cargill Inc., CP Kelco Inc., Kerry Group PLC, DSM N.V, Archer Daniels Midland Company, Ashland Global Holdings Inc., Hawkins Watts Ltd., Gelnex Industria e Comercio Ltd., Taiyo Kagaku Co. Ltd. and Fiberstar Inc. These market players are completing acquisitions and launching numerous products across various regions to maintain their dominance in the hydrocolloids market.

For instance, in June 2022, Cargill Inc acquired Delacon Biotechnik Ges mbH. This acquisition was aimed to enhance its product portfolio and expand its market presence. Moreover, in June 2021, Ashland Global Holdings launched Aqua flow ECO-300. It is a high shear, biocide-free thickener for high-performance waterborne paints and coatings.

Hydrocolloids Market Key Segments

By Type

  • Gelatin

  • Xanthan gum

  • Carrageenan

  • Alginates

  • Agar

  • Pectin

  • Guar gum

  • Locust bean gum (LBG)

  • Gum Arabic

  • Carboxymethyl cellulose (CMC)

  • Microcrystalline cellulose (MCC)

By Application

  • Thickener

  • Stabilizers

  • Gelling agents

  • Fat replacers

  • Coating materials

  • Others 

By Source

  • Botanical

  • Microbial

  • Animal

  • Seaweed

  • Synthetic

By Industry Vertical

  • Food & Beverage

  • Cosmetics 

  • Pharmaceuticals

  • Others

By Geography

  • North America

    • US

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Spain

    • Italy

    • Netherlands

    • Denmark

    • Finland

    • Norway

    • Sweden

    • Russia

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Thailand

    • Singapore

    • Rest of Asia-Pacific

  • RoW

    • Latin America

    • Middle East

    • Africa

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2022

USD 13.73 Billion

Revenue Forecast in 2030

USD 20.20 Billion

Growth Rate

CAGR of 4.95% from 2022 to 2030

Analysis Period

2021–2030

Base Year Considered

2021

Forecast Period

2022–2030

Market Size Estimation

Billion (USD)

Growth Factors

Multifunctionality of hydrocolloids to lead to their wide range of applications thereby boosting the market growth

Increasing popularity of clean label additives due to a rise in health and wellness trend propels market growth

Countries Covered

26

Companies Profiled

10

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 analysts working hours) after purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

KEY PLAYERS

  • Cargill Inc.

  • CP Kelco Inc.

  • Kerry Group PLC

  • DSM N.V

  • Archer Daniels Midl and Company

  • Ashland Global Holdings Inc.

  • Hawkins Watts Ltd.

  • Gelnex Industria e Comercio Ltd.

  • Taiyo Kagaku Co. Ltd

  • Fiberstar Inc

Bar chart Pie chart Pie chart

Frequently Asked Questions

Food and beverage industries are the potential customers of the hydrocolloids market.

Cargill Inc., CP Kelco Inc., Kerry Group PLC, DSM N.V, Archer Daniels Midland Company, Ashland Global Holdings Inc., Hawkins Watts Ltd., Gelnex Industria e Comercio Ltd., Taiyo Kagaku Co. Ltd. and Fiberstar Inc are the potential players in this market.

According to Next Move Strategy Consulting, the global hydrocolloids market is projected to reachUSD 20.21 billion in 2030 and witness a compound annual growth rate of 4.9% from 2022 to 2030.

The Asia-Pacific region has the largest share in the hydrocolloids market.

The North American region witnessed the fastest rise in the global hydrocolloids market.

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