Hydrocolloids Market Valuation – 2024-2031
According to the new report titled " "
The valuation of the Hydrocolloids market was $10.25 Billion in 2023 and is projected to reach $17.80 Billion by 2032, at a CAGR of 6.27% from 2021 to 2032.
The Hydrocolloids Market was valued at $10.25 Billion by 2023 and expected to grow at CAGR of 6.27% over forecast period. Hydrocolloids are substances that form gels or viscous solutions when they come into contact with water. They are widely used in various industries, including food, pharmaceuticals, cosmetics, and textiles.
Hydrocolloids have unique properties that make them valuable in these applications, including thickening, gelling, stabilizing, and emulsifying. Hydrocolloids are extensively used in the food industry for their ability to improve texture, stability, and sensory properties of food products. With the rising demand for processed foods, convenience foods, and functional foods, the demand for hydrocolloids as thickening agents, gelling agents, stabilizers, and emulsifiers continues to grow. Hydrocolloids are often used in the formulation of functional and specialty foods, including gluten-free, vegan, and low-fat products.
As these market segments continue to expand, the demand for hydrocolloids with specific functionalities, such as texture modification and fat replacement, is expected to increase. Growing economies and changing consumer preferences in regions such as Asia-Pacific and Latin America are driving the demand for hydrocolloids. Rapid urbanization, increasing disposable incomes, and a shift towards processed and convenience foods in these regions contribute to the rising demand for hydrocolloids. Ongoing research and development efforts have led to the discovery of new applications and improved formulations of hydrocolloids, further expanding their market potential.
Gelatin held the largest share in the Hydrocolloids market
By Type (Gelatin, Carrageenan, Pectin, Xanthan Gum, Guar Gum, and Other Types) where Gelatin is widely used in the food industry as a gelling agent, thickener, stabilizer, and texturizer in a range of products, including confectionery, desserts, dairy products, and meat products. The demand for gelatin in the food industry remains relatively stable, with growth driven by trends such as the increasing popularity of gummy candies, desserts, and protein-fortified products. Gelatin is used as a gelling agent and stabilizer in desserts such as gelatin desserts, mousses, custards, and creamy puddings. It is also used in dairy products like yogurt, ice cream, and whipped toppings to improve texture and mouthfeel. The demand for gelatin in this segment is influenced by consumer preferences for indulgent and creamy textures in desserts and dairy products.
Gelatin is sometimes used in beverages to add body, improve mouthfeel, and stabilize emulsions. It can be found in certain types of fruit juices, fortified drinks, and alcoholic beverages like wine and beer. However, the use of gelatin in beverages is relatively limited compared to other applications. With the growing demand for functional and health-focused food and beverage products, there is an opportunity for gelatin to be incorporated into products like protein bars, collagen supplements, and fortified beverages. Gelatin's protein content and functional properties make it appealing for manufacturers looking to create products with added health benefits.
Asia Pacific headed the Hydrocolloids market in 2023
The Asia Pacific region has witnessed rapid urbanization, changing lifestyles, and increasing disposable incomes, leading to a surge in demand for processed and convenience foods. Hydrocolloids play a crucial role in improving the texture, stability, and sensory attributes of these products, thus contributing to their popularity among consumers. There is a growing awareness of health and wellness among consumers in the Asia Pacific region, leading to an increased demand for functional foods and beverages. Hydrocolloids, with their ability to enhance the nutritional profile and functional properties of products, are widely used in this segment. For example, hydrocolloids such as guar gum and xanthan gum are used in the formulation of low-fat and low-calorie foods, while pectin and carrageenan are utilized in fiber-enriched and gut-health products. Ongoing research and development efforts in the Asia Pacific region have led to the development of new hydrocolloid-based formulations and applications. These innovations are driving demand growth by opening up new opportunities in various industries, including food, pharmaceuticals, cosmetics, and personal care.
Key market players operating in the market that are profiled in the report are
Cargill Incorporated, CP Kelo US Inc., Koninklijke DSM N.V., Archer Daniels Midland Company, Fuerst Day Lawson, Ingredion Incorporated, Rico Carrageenan, Ashland Inc., Hispanagar, S.A, Kerry Group plc etc.
Report Scope
| REPORT ATTRIBUTES |
DETAILS |
| STUDY PERIOD |
2018-2031
|
| GROWTH RATE |
CAGR of ~6.1% from 2024 to 2031
|
| BASE YEAR FOR VALUATION |
2023
|
| HISTORICAL PERIOD |
2018-2022
|
| FORECAST PERIOD |
2024-2031
|
| QUANTITATIVE UNITS |
Value in USD Billion
|
| REPORT COVERAGE |
Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis
|
| SEGMENTS COVERED |
|
| REGIONS COVERED |
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
|
| KEY PLAYERS |
BASF, CP Kelco, Tate & Lyle PLC, DowDuPont, Palsgaard A/S, Ingredion, Cargill, Kerry and Darling Ingredients, Ashland Inc.
|
| CUSTOMIZATION |
Report customization along with purchase available upon request
|
KEYPLAYERS
- BASF
- CP Kelco
- Tate & Lyle PLC
- DowDuPont
- Palsgaard A/S
- Ingredion
- Cargill
- Kerry and Darling Ingredients
- Ashland Inc.
Hydrocolloids Markets, By Category
Type
Source
Application
- Confectionery & Bakery
- Pharmaceuticals
- Nutraceuticals
- Cosmetics & Personal Care
- Industrial
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
