BEIJING, July 31. 2022 (GLOBE NEWSWIRE) — The Global Hydrocolloids Market The size accounted for USD 9,745 million in 2021 and is expected to reach the market value of USD 16,120 million by 2030, growing at a CAGR of 5.9% during the forecast period from 2022 to 2030.
The increasing use of hydrocolloids in food and beverages is propelling the hydrocolloid market forward. Hydrocolloids are frequently used as food additives in a wide range of food formulations to improve quality and shelf life. Hydrocolloids are commonly used in foods and beverages as rheology modifiers to alter texture and viscosity, thereby affecting sensory attributes. In addition, hydrocolloids are often used in a range of food products as stabilizers, emulsifiers, water retention agents and gelling agents, as well as to prevent the development of ice crystals and sugar in frozen foods with controlled flavor release. .
Hydrocolloids are substances that can be found both naturally and synthetically and have the ability to adhere, suspend, stabilize foam and create films. Hydrocolloids are also known as jellies and hydrocolloid polymers are widely derived from animal, microbial, synthetic and plant sources. It increases the viscosity and texture of foods and beverages. Hydrocolloids are found in a variety of algal and plant exudates. Some of the most common hydrocolloids are xanthan gum, locust bean gum, guar gum, gum arabic, alginates, carrageenan, AGAR, pectin, gelatin, and carboxymethylcellulose. Its main application is as a thickening and gelling agent. They are used to thicken soups, sauces, gravies, dressings and toppings, as well as jam, jelly, gel marmalade, restructured meals and low sugar/calorie gels.
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|Market size 2021||$9,745 million|
|Market Forecast 2030||$16,120 million|
|CAGR from 2022 to 2030||5.9%|
|Analysis period||2018 – 2030|
|Year of reference||2021|
|Forecast data||2022 – 2030|
|Segments Covered||By product, by function, by source, by application and by geography|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Profiled Key Companies||BASF, Kerry Group, Ingredion, Palsgaard A/S, Tate & Lyle PLC, Cargill Inc., DowDuPont, Darling Ingredients, CP Kelco and Ashland Inc.|
|Report cover||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis|
|Scope of customization||10 a.m. free customization and expert advice|
Growth aspects of the global hydrocolloid market
Rising number of nutrition conscious customers is expected to drive the growth of the hydrocolloid market over the forecast period. Nutrition is essential for several reasons, including optimal psychological well-being, lung ventilation, muscle strength, tissue regeneration, infection prevention, and cardiovascular function. Hydrocolloids are nutritional and functional ingredients that are said to provide many nutritional and health benefits. They allow for tailoring dietary benefits and may offer potential health benefits in attempting to control stomach secretion and ascending colon braking processes, glycemic control response of plasma hypercholesterolemia, and the development of carbohydrate bacteria in the intestinal tract. For example, according to the Kerry Group, an Irish food manufacturer, 65% of consumers want health and nutrition benefits in their food and drink in 2019. As a result, the increase in the number of health-conscious consumers drives the expansion of the hydrocolloid market. .
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Numerous applications of hydrocolloids in food and beverage industries are contributing to the market growth
The adaptability of hydrocolloids is gaining momentum in the food industry, where seaweed-derived hydrocolloids have had considerable influence. The seaweed hydrocolloid market is driven by factors such as their abundant availability, low price, nutritional benefits, and ability to impart no discernible taste when used in minute concentrations of 2-5% in foodstuffs. In modern food processing industries, hydrocolloids are extremely useful in complex food processing operations such as sugar and fat mimetic treatment. Additionally, the excellent nutritional benefits of hydrocolloids have increased their demand in the convenience and convenience food industries. Additionally, hydrocolloids are widely used in the cosmetic, paper, textile, pharmaceutical, and agricultural industries, in addition to the food and beverage industries. Thus, the adaptability of hydrocolloids drives their usage in food processing sectors, contributing to the growth of the hydrocolloids market.
Regional Overview of Hydrocolloids Market
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa are the regional classification of the global hydrocolloids market. The North American region is expected to dominate the hydrocolloid market over the forecast period. The substantial market in the United States and Canada for bakery, ready meals, confectionery and packaged food products has increased the demand for hydrocolloids. The growing need for convenient and beneficial food components is expected to increase the demand for hydrocolloids. The function of hydrocolloids as stabilizers in the baking industry is expected to drive the demand for food hydrocolloids over the forecast period. Growing consumer knowledge about healthy foods and eating habits in the United States has driven the demand for low-fat and low-calorie foods, supporting the growth of the hydrocolloid market in the region.
Segmentation of the hydrocolloid market
The global hydrocolloid market has been segmented by Acumen Research and Consulting on the basis of product, function, source, and application. On the basis of product, the market is divided into gelatin, gum arabic, xanthan gum, alginates, carrageenan, guar gum, agar, locust bean gum, pectin, and carboxymethylcellulose. Based on function, the market has divided into thickener, stabilizer, gelling agent and others. Based on source, the market is categorized into Botanical, Microbial, Algae, Animal, and Synthetic. Based on application, the market is segmented into food and beverages, cosmetics and personal care products, and pharmaceuticals.
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Hydrocolloids Market Players
Some key players covered globally in the hydrocolloids industry are BASF, Kerry Group, Ingredion, Palsgaard A/S, Tate & Lyle PLC, Cargill Inc., DowDuPont, Darling Ingredients, CP Kelco and Ashland Inc.
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