Global Hydrocolloids Market: Trends, Growth, and Projections

According to a research report titled "Hydrocolloids Market by Type (Gelatin, Pectin, Carrageenan, Xanthan gum, Agar, Gum Arabic, Alginates, Guar gum, MCC), Source (Botanical, Microbial, Animal, Seaweed, Synthetic), Function, Application, and Region - Global Forecast to 2028," published by MarketsandMarkets, the global hydrocolloids market is poised to experience significant growth. In 2023, it is estimated to be valued at USD 11.2 billion, with projections indicating it will reach USD 14.5 billion by 2028, at a compound annual growth rate (CAGR) of 5.4% during the forecast period.

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The surge in natural and clean-label food consumption within the food and beverage industry, driven by increasing consumer awareness, has led to a greater reliance on hydrocolloids. These natural fibers and gums are sought after for their contributions to the functional properties, stability, safety, and quality of food products. According to the American Oil Chemist Society Journal of 2015, hydrocolloids not only enhance textural properties but also improve the nutritional content of food, containing approximately 60%-90% of dietary fibers.

Key Insights from the Report:

Type Trends: Pectin is expected to be the fastest-growing type segment during the forecast period. Pectin plays a crucial role in various industries, including food and pharmaceuticals, serving as an emulsifier, gelling agent, thickener, stabilizer, and low-calorie fat or sugar replacer. Its ability to form a gel in the presence of Ca2+ ions or a solute at low pH is particularly valuable.

Source Insights: Seaweed-derived hydrocolloids, such as alginate, carrageenan, and agar, are projected to exhibit the highest CAGR during the forecasted period. These hydrocolloids, found in brown and red seaweeds, are known for their exceptional thickening, gelling, and film-forming properties, making them widely used in the functional food industry and various other sectors.

Function Focus: Stabilizers are anticipated to be the fastest-growing function of hydrocolloids. They enhance flavor, provide body to beverages, prevent sedimentation, and keep ingredients suspended within the final product. Common stabilizers include xanthan, gum Arabic, gum acacia, modified starches, pectin, carrageenan, casein, and inulin.

Application Areas: The cosmetics and personal care products segment is expected to be the second-largest market during the forecast period. Hydrocolloids are increasingly replacing synthetic chemicals in personal care products, driven by consumer demand for all-natural alternatives.

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Regional Analysis: North America is projected to be the fastest-growing region during the forecast period. The market in North America is driven by its application in premium food products, with leading manufacturers including Ashland Inc., CP Kelco, Cargill, Incorporated, Ingredion Incorporated, and Darling Ingredients Inc.

Key Players in the Hydrocolloids Market:

International 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)
Tate & Lyle (UK)
CP Kelco U.S., Inc. (US)
Nexira (France)
Deosen Biochemical (Ordos) Ltd. (China)
Fufeng Group (China)
BASF SE (Germany)

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This release was published on openPR.