Hydrocolloids Market Trend, Top Key Players Analysis 2018 to 2023, Industry Growth, Business Strategy and Forecast

“\”Hydrocolloids Market Global Research Report\””
Hydrocolloids market Global Research Report by Type (Gelatin, Pectin, Guar, Carrageenan and CMC), Source (Natural and Synthetic), Function, Application (Dairy & Frozen Desserts, Bakery & Confectionary, Beverages) and Region – Forecast till 2023

Market Overview:

Hydrocolloid is used as an additive in food processing to improve the quality and shelf life of food products. Hydrocolloid is used as a food additive which helps in enhancing the texture and stability of the product. The major types of hydrocolloid are gelatin, pectin, guar, carrageenan, CMC, and others. It is also used as a gelling, thickening, and stabilizing agent in the food industry. Due to the advancement of technology, hydrocolloids have been used for gelling purpose in the medical and cosmetics industry. Broad applications across various industries helps to anticipated the hydrocolloid market growth across various regions.

Hydrocolloids are used in food & beverages industry for several purposes, such as thickening, stabilizing, emulsifying, foaming, gelling, and coating of the products. It provides appealing texture and maintains product stability. The hydrocolloid market is also witnessing significant growth in the medical and cosmetics industry.

Increasing health consciousness among the consumers and various application of hydrocolloids is fueling the growth of global food hydrocolloids market.

There is a growing demand for healthy and nutritious food products, including products with “all-natural” and “clean label” claims. Advancements in technology and improved distribution networks in developing countries, such as India and China, have led to substantial growth opportunities for the hydrocolloids. Furthermore, increased focus on R&D is fetching innovations in diverse set of applications in several product categories.

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Major Key Players:

Some of the key players profiled in the Global Hydrocolloids Market: Darling Ingredients Inc. (U.S.), Cargill Inc. (U.S.), Kerry Group Plc. (Ireland), E. I. du Pont de Nemours and Company (U.S.), CP Kelco U.S., Koninklijke DSM N.V. (Netherlands), Dow Chemical Company (U.S.), Ingredion Incorporated (U.S.), and Ashland Global Holdings Inc. (U.S.), among others.

Key Findings:

Pectin hydrocolloids segment is projected to experience a high demand from North America and Europe

Increasing demand for high-quality food products and changing consumption pattern increase the demand for natural thickeners, such as hydrocolloids

Segments:

The global hydrocolloids market is segmented into Type, Function, Source and Application.

On the basis of type, hydrocolloids market is segmented into carrageenan, gelatin, pectin, guar, CMC, and others. Among all, the pectin segment will witness exponential growth rate during the forecast period, due to increasing consumers demand for natural hydrocolloids.

On the basis of source, hydrocolloids market is segmented into natural and synthetic. Among all, natural source segment holds the major market share, due to health consciousness among consumers.

On the basis of function, hydrocolloids market is segmented into thickeners, gelling agent and stabilizers. Among all, thickeners segment holds the major market share owing to its increased usage in the food & beverages industries for enhancing stability and texture of product.

On the basis of application, it is segmented into Bakery & Confectionary, Dairy & Frozen Desserts, Beverages and others. Among all, the bakery & confectionary segment dominates the market followed by dairy & frozen desserts owning to its high application as a food texture enhancer.

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Regional Analysis:

North America will witness maximum growth in the Hydrocolloids market followed by Europe. in terms of value, the market size of North America will continue to be high with more than half of the market share. The increasing per capita disposable income in India and China and growing demand for fortified products will drive the demand for hydrocolloids.

Furthermore, changing lifestyle and shifting food consumption pattern in countries like China and India will propel the growth of hydrocolloid in Asia Pacific. The major importers of gum hydrocolloid include the U.S., Japan, Germany, France, and the U.K.

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