Hydrocolloids Market is estimated to be US$ 18.39 billion by 2032 with a CAGR of 5.4% during the forecast period 2032
Hydrocolloids are widely
used in food industries. Locust bean gum is used in food industries as an
additive because of its stabilizing and thickening property. Guar gum is
obtained from seed of the guar plant (Cyamopsis tetragonoloba). Guar gum is
gel-forming fiber. Guar gum in the form of guar gum powder is used as an
additive in the food also used in cosmetics, paper, pharmaceutical, textile,
oil well drilling industries. Guar gum is low in calories and high in soluble
fiber. Guar gum powder is odorless and free flowing soluble in cold water.
Guar gum is used in cold foods like pastry fillings, ice-cream. Guar gum
is used as a stabilizer and thickener. Guar gum is also beneficial in
controlling health problems like heart disease, diabetes, colon cancer and
bowel movements. Xanthan gum is used in baked products. Xanthan gum is used in
agricultural flowables, cleaners, coatings and polishes. Pectin provides an
important source of dietary fiber and are used as stabilizer, gelling agent,
emulsifier and thickening agent. Pectin have therapeutic properties. Pectin are
used in pharmaceutical industries such as gel beads, matrix labels and
film-coated dosage form as a carrier in drug delivery system to the
gastrointestinal tract. Apples and Citrus fruits like oranges, peaches,
apricots, grapefruits, lemons, contains pectin in high amount. Among legumes
green peas has highest amount of pectin concentration and among vegetables
potatoes, carrots and tomatoes have high amount of pectin. The wide variety of
applications of Hydrocolloids in cosmetics, wound dressing, food and beverage
industries, cosmetics, dairy products, pharmaceutical formulations has given
the push in the growth of the market. Global Hydrocolloids Market accounted for
US$ 10.9 billion in 2022 and is estimated to be US$ 18.39 billion by 2032 and
is anticipated to register a CAGR of 5.4%.
The report “Global Hydrocolloids Market, By
Type (Xanthan Gum, Locust Bean Gum, Gellan Gum, Guar Gum, Pectin and Others),
By Application (Food & Beverage Industries, Cosmetics, Dairy Products,
Personal Care Products, Wound Dressing, Pharmaceutical Formulations, and
Others), and By Region (North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa) - Trends, Analysis and Forecast till
2032”
Key Highlights:
·
In 2021, the
CP Kelco has launched the new KELOGEL DFA Gellan Gum which is single ingredient
for dairy alternative beverages. These newly launched product with additional
texturizing agent has provided the viscosity and mouthful expectations of the
consumers.
·
In 2020, the
CP Kelco has launched the new GENU Pectin YM-FP-2100 which helps in providing
the medium to high viscosity with ease of pump ability at fruit prep stage in
fruited drinking yogurt with increased stability of protein and fruit
throughout shelf life.
·
In 2018, the
DuPont Nutrition & Health has introduced the new product GRINDSTED Pectin
Prime 541 which reduced sugar fruit spreads, ensure premium quality,
capitalizing on healthy living trend and meets with clean label requirements.
Analyst View:
Wide variety
of applications in food & beverage industries and advanced development in
dairy applications has fueled the growth of the target market. Rise in use of
packed and processed food which are easily available are high in demand by
consumers. Disposable income and urbanization has given rise in food
industries. Growth in food industries has given push in use of hydrocolloids in
food & beverages. As dairy products are highly in demand the new
advancement of hydrocolloids in dairy formulations has enhanced the market
growth. As a result, market competition is
intensifying, and both big international corporations and start-ups are vying
to establish position in the market.
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Key Market
Insights from the report:
Global
Hydrocolloids Market accounted for US$ 10.9 billion in 2022 and
is estimated to be US$ 18.39 billion by 2032 and is anticipated to register a
CAGR of 5.4%. The Global Hydrocolloids Market is
segmented based on Type, Application and Region.
·
Based on Type, Global
Hydrocolloids Market is segmented into Xanthan Gum,
Locust Bean Gum, Gellan Gum, Guar Gum, Pectin and others.
·
Based on
Application, Global Hydrocolloids Market is segmented
into Food & Beverage Industries, Cosmetics, Dairy Products,
Personal Care Products, Wound Dressing, Pharmaceutical Formulations, and others.
·
By Region, the Global
Hydrocolloids Market is segmented into North America, Europe,
Asia Pacific, Latin America, Middle East & Africa.
Competitive
Landscape & their strategies of Global
Hydrocolloids Market:
The prominent
players operating in the Global Hydrocolloids Market includes, IDD Nutrition
& Biosciences, Cargill Incorporated, Kerry Group, Ingredion Incorporated,
ADM (Archer Daniels Midland Company), DSM N.V., Ashland Global Holdings Inc.,
CP Kelco Inc., Dupont De Nemors Inc., Darling Ingredients Inc., Fiber Star
Inc., Palsgaard A/S, Taiyo Kajaku Co. Ltd., Tate & Lyle plc., W
Hydrocolloids Inc., Koninklijke DSM N.V., and others.
The market
provides detailed information regarding the industrial base, productivity,
strengths, manufacturers, and recent trends which will help companies enlarge
the businesses and promote financial growth. Furthermore, the report exhibits
dynamic factors including segments, sub-segments, regional marketplaces,
competition, dominant key players, and market forecasts. In addition, the
market includes recent collaborations, mergers, acquisitions, and partnerships
along with regulatory frameworks across different regions impacting the market
trajectory. Recent technological advances and innovations influencing the
global market are included in the report.
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