Hydrocolloids Market

Hydrocolloids Market Overview

The report is titled as ‘Hydrocolloids Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Hydrocolloids market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Hydrocolloids market is expected to grow with significant rate in the near future.

The hydrocolloids market is estimated to reach at a value of US$ 11.0 Bn by the end of 2022 and expected to reach at a value of US$ 17.7 Bn by 2030 with a significant CAGR of 6.2%.

Hydrocolloids Introduction

Hydrocolloids can be perceived as hydrophilic molecules that possess a greater molecular weight. They are majorly employed as functional constituents in food composition for augmenting food consistency, enhancing gelling effect, and regulating the microstructure, flavor, texture, and shelf life.

Hydrocolloids, or more broadly known as gums, are primarily outlined as intricate non-digestible polysaccharides that disperse or dissolve in water to offer viscosity or thickening building effect. They are generally extracted from different sources such as microbes, plants, seaweed, animals, and others, and thus, gaining immense eminence among various manufacturers across the world.

They are comprehensively utilized in different application domains such as cosmetics, food and beverages and pharmaceuticals due to their thickening, stabilizing, gelling, and enhancing textural attributes. The soaring demand for convenience foods associated along with its beneficial properties has paved its way to the manufacturers to use such products largely in several processed foods, which is primarily driving the growth of the global hydrocolloids market.

Hydrocolloids Market Segmentation

The global hydrocolloids market is segmented on the basis of type, functions, source, form, application, and region.

By Type

Pectin

Xanthan Gum

Guar Gum

Locust Bean Gum

Gum Arabic

Carrageenan

Agar

Alginates

Others (Cornstarch, Gelatin, and Cellulose Derivatives)

By Functions

Thickening

Gelling

Stabilizing

Emulsifying

Suspension

Fat Replacer Others (Binding & Coating)

By Source

Plant Extracts

Seaweed Extracts

Microbial Extracts

Animal Extracts

Others

By Form

Gel

Powder

Others

By Application

Bakery

Confectionery

Meat & Poultry

Beverages

Dairy and Frozen Products

Sauces and Dressings

Others (Medical, Cosmetics)

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Hydrocolloids Market Key Players

Some of the key participating players in global Hydrocolloids market are:

IFF NUTRITION & BIOSCIENCES

INGREDION INCORPORATED

CARGILL, INCORPORATED.

KERRY GROUP

ARCHER DANIELS MIDLAND COMPANY (ADM)

PALSGAARD

DARLING INGREDIENTS INC

KONINKLIJKE DSM NV.

ASHLAND

TATE & LYLE

CP KELCO

NEXIRA

DEOSEN

EST-AGAR AS

EXANDAL CORP

FUFENG GROUP

BASF SE

INDIAN HYDROCOLLOIDS

LUCID COLLOIDS LTD

SUNITA HYDROCOLLOIDS PVT LTD

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of Hydrocolloids

Advantages of Hydrocolloids

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.