Growing health consciousness among consumers and increasing demand for natural products are major factors that are driving growth of the market. The food industry is increasingly becoming sustainable, and manufactures are turning to natural ingredients to reduce the environmental impact of food production. Environmental regulations and strict production standards have also encouraged the adoption of clean label products.
As of 2021, the global Hydrocolloids Market size was valued at U.S.$ 9,733.69 Million and is expected to witness a compound annual growth rate (CAGR) OF 6.08% from 2022-2030.
Prominent Players in the Hydrocolloids Industry:
1) ADM
ADM (Archer-Daniels-Midland Company) is a multinational food processing company. It was founded in the year 1902. Products manufactured include oils and meal from various nuts and seeds like cottonseed, sunflower seeds, flax seed. ADM was founded in Minneapolis, Minnesota, U.S. The headquarters are located in Chicago, Illinois, U.S. The company was founded by George A. Archer and John W. Daniels. ADM was listed on the New York Stock Exchange in the year 1924.
In December 2021, ADM completed the acquisition of FISA, a company that specializes in the manufacture of dry flavors, juice mixes, and premixes
2) Cargill Incorporated
Cargill incorporated, is a privately held American global food corporation. Some of the products manufactured include Agricultural services, crop and livestock, food, health and pharmaceutical etc. The company was founded in the year 1865, and the headquarters are located in Minnetonka, Minnesota, U.S. the company was founded by William Wallace Cargill.
In Jun 2022, Cargill completed the acquisition of Delacon, a company that develops plant-based phytogenic additives. In November 2022, the company acquired Owensboro Grain, a fifth-generation family owned soybean processing facility and refinery.
3) Ingredion Incorporated
Ingredion Incorporated is an American multinational ingredient provider which produces mainly starches non- GMO sweeteners, stevia and pea protein. In the year 2021, Ingredion was ranked second in the Modified Starch category of the Global Food Thickener Companies. The company was founded in the year 1906, and the headquarters are located in Westchester, Illinois, United States.
In 2022, Ingredion completed the acquisition of a stake in InnovoPro, an Israeli developer of protein concentrate extracted from chickpeas.
4) Tate & Lyle PLC
Tate & Lyle PLC is a global company that supplies food and beverage ingredients to industrial markers. The company was originally a sugar refining business. It is listed on the London Stock Exchange. The company was founded as a result of a merger of Henry Tate & Sons and Abram Lyle & Sons, and the headquarters are located in London, England, UK. The company was established in the year 1921.
In May 2022, Tate & Lyle completed the acquisition of Nutriati, an ingredient technology company developing and producing chickpea protein and flour.
5) DuPont
DuPont de Nemours Inc. commonly known as DuPont is an American multinational chemicals company. Over the years developed many polymers like Vespel, Nylon, Teflon, Mylar, Kevlar etc. DuPont played a major role in the development of Delaware and first arose as major supplier of gunpowder. The company was founded in the year 2017, and the headquarters are located in Wilmington, Delaware, USA. The company was founded by Eleuthere Irenee Du Pont.
6) Fufeng Group
Fufeng Group is the largest privately owned monosodium glutamate and the second largest xanthum gum producer in Mainland China. The company produces flavour enhancers, xantham gum, fertilizer, starch, and sugar substitute. The company was founded in the year 1999, and the headquarters are located Jinan, Shandong, People’s Republic of China.
