HYDROCOLLOIDS MARKET ANALYSIS

Hydrocolloids Market, By Source (Natural, Synthetic), By Type (Gelatin, Starches, Pectin, Xanthan, Carrageenan Alginates, Carboxyl methyl Cellulose Guar Gum, Other Types), By Application (Bakery and Confectionery, Meat and Poultry Products, Beverages, Sauces and Dressings, Dairy Products, Other Applications), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Global Hydrocolloids Market: Key Developments

In September 2020, Hydrocolloids, Inc. (“WHI”), a pioneer in the Philippine seaweed industry and a major carrageenan supplier from the Philippines, acquired Cargill’s stake in the joint venture in Philippine bio-industries, Inc. (“PBI”). PBI is the first fully automated refined carrageenan facility in Asia, producing highly refined carrageenan and carrageenan blends for the food industry.
In October 2021, CP Kelco announced the launch of GENU Pectin YM-SAL 200, an improved stabilizing solution for long shelf-life buttermilk with the saltier taste that consumers prefer.
In September 2021, CP Kelco announced the expansion of its distribution agreement with IMCD to serve the growing market in Mexico. IMCD will be the company’s strategic distributor in Mexico across all market segments of food, plus consumer and industrial (C&I) applications, for CP Kelco’s unique portfolio of hydrocolloid and fiber solutions, including GENU Pectin, KELCOGEL Gellan Gum, GENU Carrageenan, KELTROL Xanthan Gum etc.
In October 2022, Nexira announced to launch the native locust bean gum texturizing range. This product can be used in non-dairy formulation to fulfill the consumer expectation for sensory experience and clean-label plant-based food and beverages.