“Global Hydrocolloid Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global hydrocolloid market report has been segmented on the basis of type, source, function, application, and region.
Global Hydrocolloid Market: Overview
Hydrocolloid is a substance in which microscopically insoluble particles is dispersed in water and forms a gel. It is widely used in food & beverages, surgical dressings, and various industrial applications. It enhances the aesthetic and functional properties. The various hydrocolloids are gelatin, carrageenan, alginate, starch, gum arabic, locust bean gum, guar gum, carboxymethyl cellulose, and others. Gelatin is obtained from animal sources such as skin, bones, or hides of pork, beef, and fish.
Global Hydrocolloid Market: Dynamics
Increasing demand for hydrocolloid in food industry owing to its multifunctionality and rising demand for convenience food across the globe are major factors expected to drive growth of the global hydrocolloid market in the years to come. Additionally, increasing population, coupled with growing awareness regarding health concerns are among some factors expected to fuel growth of the potential market in the next coming years. Moreover, rising demand for hydrocolloids in pharmaceuticals and personal care products owing to its properties is a factor anticipated to support growth of the target market in the next 10 years.
However, stringent regulations and statutes pertaining to quality of food product and health concerns is a factor which may hamper demand of the hydrocolloid market.
Increasing funding in R&D and an approach to track the untapped markets by prominent manufacturers are factors expected to offer new opportunities for manufacturers operating in the target market.
Global Hydrocolloid Market: Segment Analysis
Among the type segments, the guar gum segment is expected to register highest growth in terms of value in the target market, owing to its multifunctional properties. Among the source segments, the animal segment is expected to account for major revenue share in the years to come due to increasing demand for gelatin in confectionary products.
Among the function segments, the thickener segment is expected to account for significant share in terms of revenue in the next 10 years owing to the thickening effect property of hydrocolloid. Among the application segments, the food & beverages segment is projected to register highest share in terms of revenue in the target market, due to increasing demand for hydrocolloid in dairy products.
Global Hydrocolloid Market: Region Analysis
The hydrocolloid market in North America is expected to register major share contribution in terms of revenue in the target market and projected to maintain its dominance in the next coming years. Increasing preference for low-calorie and natural food products, growing awareness among consumers regarding healthy diet, and high dispersible income are factors anticipated to drive growth of the hydrocolloid market in the North America region. The Asia Pacific hydrocolloid market is projected to register fastest CAGR in the target market in the next 10 years owing to growing population, coupled with increasing spending capacity of individuals in countries in the region. The Europe hydrocolloid market is projected to register moderate revenue growth in the target market.
Global Hydrocolloid Market Segmentation:
Segmentation on the Basis of Type:
- Xanthum Gum
- Others (agar, pectin, guar gum, locust bean gum, gum arabic, carboxymethyl cellulose, and microcrystalline cellulose)
Segmentation on the Basis of Source:
Segmentation on the Basis of Function:
- Gelling Agents
- Fat Replacers
- Coating Materials
- Others (emulsifiers and moisture binding agents)
Segmentation on the Basis of Application:
- Food and Beverages
- Cosmetics & Personal Care Products
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Ingredion Incorporated
- Cargill Inc.
- Archer Daniels Midland Company
- Palsgaard A/S
- CP Kelco
- Ashland Inc.
- Tate & Lyle Plc
- Glanbia Nutritionals
- Koninklijke DSM N.V.
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