Hydrocolloids Market to be Worth $18.34 Billion by 2031


“Hydrocolloids Market to be Worth $18.34 Billion by 2031”

Meticulous Research®— a leading global market research company, published a research report titled, ‘Hydrocolloids Market by Type (Gelatin, Carrageenan, Agar, Gellan Gum), Source (Seaweed, Synthetic, Botanical), Function (Stabilizer, Gelling Agent), Application (Food & Beverage, Pharmaceuticals, Cosmetics and Personal Care) – Global Forecast to 2031.’

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According to this latest publication from Meticulous Research®, the global hydrocolloids market is projected to reach $18.34 billion by 2031, at a CAGR of 6% during the forecast period 2024–2031. The growth of this market is driven by the increasing global demand for processed and convenience food products, growing health consciousness among consumers, and the versatile functionality of hydrocolloids in food & beverages. However, stringent government regulations and fluctuations in raw material prices restrain the growth of the hydrocolloids market to some extent. Furthermore, rising demand for clean-label products and increased R&D and innovations in hydrocolloids are further expected to provide market growth opportunities for the stakeholders operating in the global hydrocolloids market.

Key Players

Some of the key players operating in the global hydrocolloids market are Cargill, Incorporated (U.S.), Archer-Daniels-Midland Company (U.S.), Kerry Group plc. (Ireland), International Flavors & Fragrances, Inc. (U.S.), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), CP Kelco U.S., Inc. (U.S.), Nexira (France), Darling Ingredients Inc. (U.S.), DSM-Firmenich AG (Switzerland), Ashland Inc. (U.S.), Palsgaard A/S (Denmark), and Hawkins Watts Limited (New Zealand).

The global hydrocolloids market is segmented based on type (gelatin, pectin, xanthan gum, carrageenan, alginates, carboxy methyl cellulose, locust bean gum (LBG), agar, gellan gum, microcrystalline gum (MCC), guar gum, and others), by source (animal, microbial, synthetic, seaweed, and botanical), by function (stabilizers, thickeners, gelling agent, fat replacers, coating materials, and others), by application (food & beverage {bakery & confectionery, dairy, meat & poultry, sauces and dressings}, pharmaceuticals, cosmetics and personal care, and other applications), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on type, in 2024, the gelatin segment is expected to dominate the global hydrocolloids market. This dominance is primarily attributed to the growing adoption of gelatin in food & beverage and pharmaceutical industries due to its functional properties, such as gelation, emulsification, and film-forming. Additionally, the increasing utilization of gelatin in the cosmetic industry for its binding and thickening properties is expected to contribute to the market’s growth. Moreover, the versatility of gelatin in various food applications, including desserts, candies, jellies, ice creams, and meat processing, is anticipated to further propel the market’s expansion globally.

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Based on source, the animal segment is expected to dominate the global hydrocolloids market in 2024. The dominance of this segment is mainly attributed to the extensive utilization of animal-sourced hydrocolloids in food & beverage and pharmaceutical applications as well as the ample availability of animal-derived by-products as raw materials for hydrocolloid production. Moreover, animal-based hydrocolloids such as gelatin are renowned for their versatility, cost-effectiveness, and widespread availability, making them a popular choice in many formulations.

Based on function, in 2024, the stabilizers segment is expected to account for the largest share of the global hydrocolloids market. The large market share of this segment is attributed to the various benefits provided by stabilizers, such as it helps to prevent the separation of different components within food products, improving texture, stabilizing emulsions, and enhancing the overall quality of the product. Pectin, carrageenan, alginate, agar, xanthan gum, and gaur gum, are the most commonly used stabilizers. Versatile functionalities of these hydrocolloids also influence the physical and textural properties of the products.

Based on application, the food & beverage is slated to register the highest CAGR during the forecast period of 2024–2031 due to the growing demand for clean-label products and increasing product innovations in the food industry. Hydrocolloids play a crucial role in modifying the flow characteristics of liquids, enhancing gelling properties, facilitating oil droplet emulsification, and impeding ice recrystallization. These inherent properties make hydrocolloids a crucial ingredient in the food industry.

Based on geography, in 2024, North America is expected to account for the largest share of the hydrocolloids market. The major share of this regional market is attributed to factors such as the presence of a large number of key players, growing demand for processed and convenience foods, increasing consumer preference for natural and clean-label foods, technological advancements, and product innovations in the food industry, and rising demand for functional foods in the region. Moreover, in 2024, the U.S. is expected to account for the largest share of the hydrocolloids market in North America.

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Key Questions Answered in the Report:

  • What are the historical market sizes and growth rates of the global hydrocolloids market?
  • At what rate is the global hydrocolloids demand projected to grow over the next 5–7 years?
  • What are the major factors impacting market growth at the regional and country levels? What are the opportunities for existing players and new entrants in the market?
  • Which segments, in terms of type, source, function, and application, are expected to create traction for the manufacturers in this market during the forecast period 2024–2031?
  • What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the players operating in the global hydrocolloids market during the forecast period 2024–2031?
  • Who are the major players in the global hydrocolloids market? What are their specific product offerings in this market?
  • What are the recent strategic developments in the global hydrocolloids market? What are the impacts of these strategic developments on the market?

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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