Chicago, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Hydrocolloids are substances that form gels or thickened solutions when they come into contact with water. These compounds are widely used in various industries, including food, pharmaceuticals, and cosmetics, due to their ability to modify the texture, viscosity, and stability of products.
The global hydrocolloids market is estimated to be valued at $11.2 billion in 2023 and is projected to reach $14.5 billion by 2028, at a CAGR of 5.4% during the forecast period. 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.
Hydrocolloids Market Report Scope:
| Report Metric | Details |
| Market Valuation in 2023 | USD 11.2 billion |
| Revenue Forecast in 2028 | USD 14.5 billion |
| Progress Rate | CAGR of 5.4% |
| Forecast period considered | 2023–2028 |
| Market Drivers |
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| Market Opportunities |
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Pectin: A Versatile Polysaccharide
Pectin, a crucial polysaccharide, takes the spotlight as the fastest-growing type segment during the forecast period. Its multifaceted applications in the food and pharmaceutical industries, serving as an emulsifier, gelling agent, thickener, stabilizer, and low-calorie food enhancer, highlight its significance. The ability of pectin to form gels under specific conditions adds a unique dimension to its utility.
Seaweed-Derived Hydrocolloids: Riding the Wave
The seaweed segment, particularly alginate, carrageenan, and agar, emerges as the high-growth source in the hydrocolloids market. Extracted from brown and red seaweeds, these hydrocolloids boast exceptional properties such as thickening, gelling, and film-forming. Widely utilized in the functional food industry, seaweed hydrocolloids play crucial roles as thickeners, stabilizers, coagulants, and even in biomedical applications.
Stabilizers: The Unsung Heroes
In the hydrocolloids landscape, stabilizers take center stage as the fastest-growing function. These additives, including xanthan, gum Arabic, and pectin, not only enhance flavor and beverage body but also prevent sedimentation and maintain emulsification. The role of stabilizers is vital in ensuring the overall quality and consistency of a wide range of products.
Cosmetics & Personal Care Products: A Natural Shift
Hydrocolloids have found a new home in the cosmetics and personal care industry, replacing synthetic chemicals with natural alternatives. The growing consumer preference for "all-natural" products has spurred the demand for hydrocolloids as texturizers in personal care applications. The fusion of their rich history in the food industry with the demand for natural cosmetics marks a significant trend.
North America: A Hotspot for Hydrocolloids
The North American hydrocolloids market takes the lead in terms of speed and application diversity. Fueled by its prevalence in premium food products, North America witnesses key players such as Ashland Inc., CP Kelco, Cargill, Incorporated, Ingredion Incorporated, and Darling Ingredients Inc. driving innovation. The US, in particular, stands out with its focus on natural hydrocolloids to meet the rising demand for low-calorie and low-fat food products.
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Key Players Shaping the Future
In this dynamic landscape, key players like International Flavors & Fragrances Inc., Kerry Group plc, Palsgaard A/S, DSM, Tate & Lyle, and BASF SE are at the forefront of innovation. Their contributions play a pivotal role in shaping the trajectory of the hydrocolloids market.
Conclusion
As we mark our 1-year milestone, the hydrocolloids landscape continues to evolve, offering exciting opportunities and challenges. From the versatility of pectin to the surge in seaweed-derived hydrocolloids and the expanding footprint in personal care products, hydrocolloids are indeed making waves.
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