The global hydrocolloids market size is expected to reach USD 14.35 Billion at a steady CAGR of 5.1% in 2028, according to latest analysis by Emergen Research. Rapid market revenue growth can be attributed to increasing application of hydrocolloids in foods and beverages. Hydrocolloids as food additives find widespread use in numerous food formulations to enhance quality and shelf-life. Hydrocolloids are primarily used as rheology modifiers in foods and beverages to modify texture and or viscosity, and thus alters sensory properties of foods and beverages.
Moreover, the report provides an extensive analysis of the factors influencing the growth of the Hydrocolloids market and considers the current COVID-19 pandemic as one of the significant growth factors. The report is furnished with the latest happenings in the Hydrocolloids market and the economic scenario in regard to the COVID-19 pandemic. The report covers the present and future impact analysis of COVID-19 on the overall market. Along with that, the changes in the economic scenario and market trends are reported in the study.
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The prominent players of the global Hydrocolloids market are expected to contribute significantly to the revenue generation owing to increasing demand for the Hydrocolloids products in the industry.
Prominent Players Profiled in the Hydrocolloids Market:
Kerry Group, BASF SE, Archer Daniels Midland Company, Cargill Incorporated, DuPont, Ashland Global, CP Kelco, Ingredion Incorporated, Tate & Lyle PLC, and Koninklijke Philips NV.
Key Highlights From the Report
- In January 2019, DSM Hydrocolloids made an announcement about the introduction of Gellaneer, XanTreme, and Clarixan in its xanthum, and gellan gum product line.
- Gelatin finds application in the preparation of gummy candies, gelatinous desserts, yogurts, and marshmallows. Gelatin is added to meats to improve their water retention property and enhance their visual appeal, as well as to absorb juices released during meat processing. Additionally, gelatin finds uses in removing impurities from fruit juices, vinegar, and wine.
- Hydrocolloids market revenue in North America is expected to register the fastest CAGR during the forecast period attributed to increasing use of hydrocolloids in reducing fat and oil in food products and a high demand for packaged and convenience food. In addition, growing awareness among people related to healthy food habits is causative of the market growth in the region.
Hydrocolloids Market Segmentation:
Emergen Research has segmented the global hydrocolloids market on the basis of type, source, application, industry vertical, and region:
- Type Outlook (Revenue, USD Billion; 2018–2028)
- Carboxymethyl Cellulose
- Guar Gum
- Source Property Outlook (Revenue, USD Billion; 2018–2028)
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Gelling Agent
- Fat Replacers
- Coating Agent
- Industry Vertical Outlook (Revenue, USD Billion; 2018–2028)
- Food & Beverage
Regional Segmentation of the Market:
- North America (U.S.., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Global Hydrocolloids Market Report – Key Takeaways:
- The latest research report analyzes the changing competitive scenario.
- The report carries an unbiased perspective towards the global market performance.
- The study presents an eight-year assessment of the global market and its principal product segments.
- Market dynamics, such as drivers, opportunities, restraints, and threats, have been discussed in the report in detail.
- The analytical data and strategic planning methodologies are expected to aid businesses in decision-making
- The report serves as an exhaustive regional analysis of the global Hydrocolloids market, systematically presenting the business profiles of various stakeholders.
- Furthermore, the report provides valuable data about the critical factors influencing market progress.
On a concluding note, the report offers a panoramic view of the Hydrocolloids market on both the global and regional levels. It is inclusive of key statistical data and industry-verified facts and thoroughly evaluate the size, share, and market volume of the Hydrocolloids industry to forecast the same over 2021-2028.
Table Of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Hydrocolloids Market Segmentation & Impact Analysis
4.1. Hydrocolloids Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
184.108.40.206. Growing application for hydrocolloids in foods and beverages
220.127.116.11. Growth of the pharmaceutical industry
18.104.22.168. Rising disposable income
4.2.3. Market restraints analysis
22.214.171.124. Fluctuations in the price of raw materials
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
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