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. Additionally, hydrocolloids are widely used in various food products as stabilizers, water retention agents, emulsifiers, and gelling agents, as well as to prevent formation of ice and sugar crystals in ice cream with controlled release of flavors.
Rising disposable income, especially in the developing countries such as China and India, in the Asia Pacific region is a significant factor fueling the hydrocolloids market growth. Rising disposable income is creating a surge in demand for convenience food, including ready-to-eat dry products, shelf-stable foods, frozen foods, and prepared mixes, which uses hydrocolloids during their preparation.
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Key players in the market include
Kerry Group, BASF SE, Archer Daniels Midland Company, Cargill Incorporated, DuPont, Ashland Global, CP Kelco, Ingredion Incorporated, Tate & Lyle PLC, and Koninklijke Philips NV.
Some 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.
By source, microbial segment revenue is expected to grow at a significant rate during the forecast period as hydrocolloids produced from microbes possess high dietary fiber content. Microbial source hydrocolloids are considered beneficial in individuals suffering from constipation and irregular bowel movement.
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.
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Competitive Landscape:
The latest report encases an in-depth summary of the intensely competitive landscape of the global Managing Hydrocolloids Market , with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Unfolding the prime factors prompting global market growth:
The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Managing Hydrocolloids Market into a broad product spectrum.
The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.
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)
Gelatin
Pectin
Xanthan
Agar
Carrageenan
Carboxymethyl Cellulose
Guar Gum
Others
Source Property Outlook (Revenue, USD Billion; 2018–2028)
Botanical
Animal
Microbial
Seaweed
Synthetic
Application Outlook (Revenue, USD Billion; 2018–2028)
Thickeners
Gelling Agent
Stabilizers
Fat Replacers
Coating Agent
Others
Industry Vertical Outlook (Revenue, USD Billion; 2018–2028)
Food & Beverage
Cosmetics
Pharmaceuticals
Others
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Regional Segmentation
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)
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Managing Hydrocolloids Market ?
What are the key product types and applications of the Managing Hydrocolloids Market industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
What is the competitive landscape of the Managing Hydrocolloids Market ?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
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