Chicago, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Hydrocolloids market in terms of revenue was estimated to be worth $11.2 billion in 2023 and is poised to reach $14.5 billion by 2028, growing at a CAGR of 5.4% from 2023-2028 according to a latest report published by MarketsandMarkets™. The exponential growth in the natural and clean-label food consumption across the food and beverage industry due to its growing awareness has influenced the use of hydrocolloids.
They are widely used in food production for their ability to improve texture, stability, and overall quality of various food products. Hydrocolloids find extensive applications in the food and beverage industry. They are used as thickening agents in sauces, dressings, and soups, as gelling agents in jams and jellies, and as stabilizers in dairy products like yogurt and ice cream.
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Hydrocolloids Market Scope:
| Report Metric | Details |
| Market Estimated Size (2023) | USD 11.2 billion |
| Projected Market Valuation (2028) | USD 14.5 billion |
| Value-based CAGR (2023-2028) | 5.4% |
| Number of Pages | 267 Pages Report |
| Forecast period considered | 2023–2028 |
| Segments covered | By Type, By Application, By Function, By Source, and Region |
| Geographies covered | North America, Asia Pacific, Europe, and RoW |
| Market Drivers |
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| Market Opportunities |
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Hydrocolloids Market major players covered in the report, such as:
- Flavors & Fragrances Inc. (US)
- Ingredion (US)
- Cargill, Incorporated (US)
- Kerry Group plc (Ireland)
- Associated Archer Daniels Midland Company (US)
- Palsgaard A/S (Denmark)
- Darling Ingredients Inc. (US)
- DSM (Netherlands)
- Ashland (US)
Industrial Hydrocolloids Market Report (267 Pages, 240 Tables, and 54 Figures): https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=1231
The research report categorizes the market into the following segments:
Hydrocolloids Market by Type
- Gelatin
- Xanthan gum
- Carrageenan
- Alginates
- Agar
- Pectin
- Guar gum
- Locust bean gum (LBG)
- Gum Arabic
- Carboxymethyl cellulose (CMC)
- Microcrystalline cellulose (MCC)
Hydrocolloids Market by Application
- Food & Beverage
- Bakery & Confectionery
- Meat & Poultry Products
- Sauces & Dressings
- Dairy Products
- Other food & beverages (baby foods, beverages, and prepared foods)
- Cosmetics & personal care products
- Pharmaceuticals
Hydrocolloids Market by Function
- Thickener
- Stabilizers
- Gelling agents
- Fat replacers
- Coating materials
- Other functions (Emulsifier and moisture-binding agents.)
Hydrocolloids Market by Source
- Botanical
- Microbial
- Animal
- Seaweed
- Synthetic
Hydrocolloids Market by Region
- North America
- Europe
- Asia Pacific
- Row
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The key stakeholders in the Hydrocolloids Market include:
- Hydrocolloid Manufacturers: These companies are at the core of the market, producing hydrocolloids like agar-agar, pectin, carrageenan, and xanthan gum from natural sources. They supply these ingredients to various industries.
- Food and Beverage Manufacturers: Food and beverage companies are major users of hydrocolloids, employing them as thickening agents, stabilizers, and gelling agents in their products. These manufacturers depend on a stable supply of high-quality hydrocolloids.
- Pharmaceutical Industry: The pharmaceutical industry uses hydrocolloids in the formulation of medicines, including tablets, capsules, and suspensions. Consistency and quality of hydrocolloids are vital for drug delivery systems.
- Cosmetics and Personal Care Manufacturers: Hydrocolloids are utilized in cosmetic and personal care products, such as lotions, creams, and shampoos, to provide texture, viscosity, and stability.
- Food Service Providers: Restaurants, caterers, and food service companies rely on hydrocolloids for various culinary applications, including sauce preparation, texture modification, and gluten-free recipe development.
- Retailers: Grocery stores and supermarkets play a role in the hydrocolloid market by selling products that contain hydrocolloids, catering to consumer demand for texture-enhanced and healthier food options.
- Research and Development (R&D) Organizations: Research institutions and R&D departments within companies work on innovation and the development of new hydrocolloid products, as well as improving existing ones.
- Regulatory Authorities: Government agencies like the Food and Drug Administration (FDA) in the United States and the European Food Safety Authority (EFSA) in Europe regulate the safety and labeling of hydrocolloids used in food and pharmaceuticals.
- Industry Associations: Trade associations, such as the International Food Additives Council (IFAC) and the International Association of Food Hydrocolloids (IAFH), represent the interests of hydrocolloid manufacturers and users, promoting industry standards and collaboration.
- Raw Material Suppliers: Providers of raw materials, such as seaweed for agar-agar production or fruit pulp for pectin extraction, are crucial to the hydrocolloid supply chain.
Hydrocolloids Market Frequently Asked Questions (FAQs):
Q1. What is the Hydrocolloids Market growth?
Q2. What is the estimated growth rate (CAGR) of the global Hydrocolloids Market for the next five years?
Q3. What are the major revenue pockets in the Hydrocolloids Market currently?
Q4. What are the factors driving the Hydrocolloids Market?
Q5. Which segment accounted for the largest Hydrocolloids Market share?
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This report provides insights on the following pointers:
- Diverse Applications: Hydrocolloids have a wide range of applications in the food and beverage industry, including thickeners, stabilizers, gelling agents, and emulsifiers. They are crucial for achieving desired textures and qualities in various products.
- Natural Sourcing: There is a growing preference for natural and plant-based ingredients in food products. Hydrocolloids derived from sources like seaweed, fruits, and legumes are favored for their clean label appeal.
- Clean-Label Trend: The clean-label trend, which emphasizes simplicity and transparency in ingredient lists, is driving the demand for hydrocolloids as alternatives to synthetic additives and stabilizers.
- Health and Wellness: Hydrocolloids are used to create healthier food products by reducing fat content, enhancing mouthfeel, and improving overall product quality while meeting dietary requirements.
- Gluten-Free Products: Hydrocolloids play a vital role in gluten-free formulations, helping to replicate the texture and structure of gluten-containing products.
- Customized Solutions: Manufacturers are increasingly seeking tailored hydrocolloid solutions to meet specific product requirements, driving innovation in hydrocolloid blends and formulations.
- Pharmaceutical and Cosmetics Applications: Hydrocolloids are used in pharmaceuticals for drug delivery and in cosmetics and personal care products for their texture-modifying and stabilizing properties.
- Sustainability Concerns: Sustainable sourcing and production practices are gaining importance in the hydrocolloids market, with a focus on responsible harvesting and environmental impact reduction.
- Regulatory Compliance: Compliance with food safety regulations and labeling requirements is essential for hydrocolloid manufacturers to ensure the safety and quality of their products.
- Global Market Growth: The hydrocolloids market is experiencing steady growth globally, driven by the increasing demand for processed and convenience foods, as well as evolving consumer preferences.
Related Reports:
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With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analyses and profiling of additional market players (up to five)
Geographic Analysis
- A further breakdown of the Rest of Europe Hydrocolloids Market, by key countries such as Denmark, Belgium, Switzerland, Ireland, the Netherlands.
- A further breakdown of the Rest of Asia Pacific Market, by key countries such as Vietnam, Malaysia, Thailand, and Indonesia.
