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)

Published In : Sep 2023

Code : CMI5298

Pages :157

Formats :

Excel and PDF

Industry : Food and Beverages

Hydrocolloids MarketSize and Trends

The global hydrocolloids market size was valued at US$ 10.18 Billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 4.8% from 2023 to 2030. 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 manufacturers 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. This, in turn, has propelled demand for hydrocolloids.

Global Hydrocolloids Market Trends:

Natural hydrocolloids are gaining market share.: Natural hydrocolloids are gaining traction in the market. They are derived from plants such as cellulose gum, pectin, and locust bean gum, as well as from animals or microbes. Locust bean gums are widely used in processing foods such as ice cream, cheese, chocolate, meat products, and others. Gum Arabic is another naturally derived hydrocolloid that is mostly used in frozen desserts.
Key players are focusing more on expanding production capacity: The increasing focus of key players on expanding production capacity of hydrocolloids in order to meet the growing demand across end-user industries is another major trend observed in the market. For instance, in March 2020, CP Kelco announced an investment to expand pectin production capacity at its Limeira, Brazil, facility by approximately 10 percent. This expansion came into effect in 2020.