How big is the worldwide food hydrocolloid market right now?
The Food Hydrocolloids Market was worth about USD 9,928.5 million in 2022 and is expected to increase to around USD 13,381.3 million by 2028, with a CAGR of around 5.1 percent over the forecast period.
Market Overview –
Food hydrocolloids are food additives that are used to improve the quality of food and extend its shelf life. Hydrocolloids are colloidal in nature and are made up of finely divided particles scattered in water. They come in two forms (sols/gels), but only one of them appears depending on the amount of water in which the particles are spread.
The industry’s global expansion is being fueled by increasing use in a number of end-user sectors. Because of their potential to change the rheology of the system in which they are added, hydrocolloids are used in the food and beverage sector. Food hydrocolloids are also used in the food and beverage sector as ingredients.
Emulsifying agents, thickening agents, gelling agents, and other applications are only a few examples. They are used in the cosmetics and pharmaceutical industries, in addition to the food and beverage business. Plants, animals, and microbes all produce food hydrocolloids.
Chemical reactions can also be used to make them. As a result, dietary hydrocolloids come from both natural and synthetic sources. During the projected period, the worldwide food hydrocolloid market is expected to rise steadily.
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Competitive Landscape –
Some of the main competitors dominating the Food Hydrocolloids Market include – De Pont De Nemours & Company, Cargill Incorporated, Darling Ingredients, Kerry Group plc, CP Kelco, Fuerst Day Lawson, Ingredion Incorporated, Ashland Inc., Koninklijke DSM N.V., Rico Carrageenan, Archer Daniels Midland Company, Hispanagar, S.A, CEAMSA, FMC Corporation, Lubrizol Corporation, Jungbunzlauer, B&V SRL, Tate, Lyle PLC, Fiberstar, Inc.
Breakup by Segment
- Xanthan Gum
- Gum Arabic
- Locust Bean Gum
- Bakery and Confectionery
- Meat and Poultry Products
- Dairy Products
- Sauces and Dressing
- Coating Material
- Fat Replacer
- Gelling Agent
Food Hydrocolloid Market Analysis by Region
North America dominates the food hydrocolloid market and is expected to continue to do so for the foreseeable future. By 2025, the region is expected to grow at a CAGR of over 4%. If current trends continue, North America will see significant revenue growth by the end of 2025.
The European market for food hydrocolloids is the second largest.
Due to the surge in the population of working-class folks who are continually in need of ready-to-eat meals, Asia Pacific is the fastest-growing market for food hydrocolloid.
Furthermore, the region’s changing consumer habits have increased the demand for functional additives used in food processing. This, in turn, will propel the market for food hydrocolloids forward.
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
- In 2020, CP Kelco introduced GENU Pectin YM-FP-2100, a clean-label ingredient with a medium-to-high viscosity in fruited drinking yogurt and ease of pumpability during the fruit preparation stage.
The Report’s Purpose
Hydrocolloids are a type of food ingredient that is commonly utilized to create food structures. To put it another way, hydrocolloids are water-soluble polymers that provide viscosity and gelation to solutions. The global market for food hydrocolloids is divided into three categories: type, application, and geography.
The market has been split into gelatin gum, pectin, xanthan gum, guar gum, carrageenan, and other types based on type, and dairy and frozen goods, bakery, drinks, confectionery, meat and seafood products, oils and fats, and other applications based on application.
The market is divided into five regions: North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. Market sizing and forecasting have been done on the basis of revenue for each segment (USD million).
- The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts’ opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
- Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of the Global Food Hydrocolloids Market across the world has been calculated through primary and secondary research.
- For this study, Zion Market Research has conducted all-encompassing primary research with key industry participants to collect the first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and understanding of key trends in the Global Food Hydrocolloids Market. Primary research makes up the major source of data collection and validation.
Impacts of the COVID-19 Pandemic –
Most industries across the world have been negatively impacted over the last 18 months. This can be attributed to significant disruptions experienced by their respective manufacturing and supply-chain operations as a result of various precautionary lockdowns, as well as other restrictions that were enforced by governing authorities across the globe. The same applies to the Global Food Hydrocolloids Market.
Moreover, consumer demand has also subsequently reduced as individuals are now keener on eliminating non-essential expenses from their respective budgets as the general economic status of most individuals has been severely affected by this outbreak.
These aforementioned elements are expected to burden the revenue trajectory of the Global Food Hydrocolloids Market over the forecast timeline. However, as respective governing authorities begin to lift these enforce lockdowns, the Global Food Hydrocolloids Market is expected to recover accordingly.
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