The Global Hydrocolloids Market Size accounted for USD 9,745 Million in 2021 and is expected to reach the market value of USD 16,120 Million by 2030 growing at a CAGR of 5.9% during the forecast period from 2022 to 2030.
The growing demand for gelatine-based products for creaminess, fat reduction, mouth feel, and acute flavor sense is driving the hydrocolloid market growth. According to the hydrocolloid market forecast, the market has been pushed by the developing processed food sector, increased health consciousness among the population, and the expanding food industry's need for convenience food.
Hydrocolloids are a type of long-chain composite that produces viscous dispersions and gelatin when immersed in water. Hydrocolloids have a wide spectrum of beneficial properties in foods. These include gelling, stabilizing, emulsifying, thickening, and influencing the crystal formation of ice and sugar, with thickening and gelling being the most common uses for hydrocolloids. Furthermore, hydrocolloids are commonly employed in pharmaceutical formulations due to their beneficial properties such as foaming, wetting, stabilizing, suspending, emulsifying, and bio-adhesive agents. Furthermore, hydrocolloid dressings are used to treat wounds, pressure ulcers, chronic venous ulcers, partial-thickness wounds, and diabetic foot ulcers by creating a moist environment that promotes wound healing and protects against bacteria.
Hydrocolloids Market Drivers
Hydrocolloids Market Restraints
Hydrocolloids Market Opportunity
|Market Size 2021||USD 9,745 Million|
|Market Forecast 2030||USD 16,120 Million|
|CAGR During 2022 - 2030||5.9%|
|Analysis Period||2018 - 2030|
|Forecast Data||2022 - 2030|
|Segments Covered||By Product, By Function, By Source, By Application, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||BASF, Kerry Group, Ingredion, Palsgaard A/S, Tate & Lyle PLC, Cargill Inc., DowDuPont, Darling Ingredients, CP Kelco, and Ashland Inc.|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
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Hydrocolloids Market Dynamics
The increased usage of hydrocolloid-based construction materials, together with rising demand from the personal care and pharmaceutical industries, is expected to fuel market growth over the forecast period. Furthermore, increased demand for thickening and gelling applications in the food and beverage industry is expected to boost the market growth. The global hydrocolloid market is expected to expand as the demand for nutritious food products increases, as does the demand for hydrocolloids, owing to rising health-conscious populations. Growing demand for processed meals due to their convenience is expected to benefit the market in the coming years. Furthermore, rising health consciousness among consumers is driving up market value.
Hydrocolloids are crucial components in the food processing industry because they are used as thickeners, gelling agents, and stabilizers. Food hydrocolloids have seen widespread use in the food processing industry over the last few years, owing to their functional qualities. The utilization of hydrocolloids has increased considerably in response to the rising consumption of packaged food or food products, which reflects well the future growth of the global food hydrocolloids market size.
COVID-19 Impact on Hydrocolloids Market
The COVID-19 outbreak had a massive influence on almost every industry on the planet. This epidemic has resulted in massive industrial malfunctions and supply chain disruptions, which both have had a negative impact on the economy. However, the global shutdown has had an impact on agricultural methods, which has impacted the availability of raw materials for hydrocolloids significantly. Furthermore, the impact of COVID-19 on logistics contributes to rising raw material prices, increasing the cost of hydrocolloid producers. As a result of growing raw material prices combined with an increasing demand for hydrocolloids, hydrocolloid pricing is expected to rise in the next years.
Hydrocolloids Market Segmentation
The global hydrocolloids market segmentation based on the product, function, source, application, and region.
Hydrocolloids Market By Product
Based on the product, the gelatin segment is predicted to have the largest market share in 2021. Gelatin is made by partially hydrolyzing collagen, which is derived from animal sources such as porcine, chicken, bovine, and marine. Because of its outstanding stabilizing, gelling, and foaming qualities, gelatin is employed in food and beverage applications. Over the projection timeframe, the segment demand is expected to be driven by growing demands for convenience and nutritious food and beverage items, as well as increased use in medicinal applications.
Hydrocolloids Market By Function
The hydrocolloid market has been divided into functions such as thickeners, stabilizers, coating agents, fat replacers, gelling agents, and others. According to the hydrocolloid market forecast, the stabilizers segment will increase at the fastest rate. Stabilizers are additives that provide viscosity to beverages in order to improve flavor and texture. Furthermore, stabilizers keep emulsification going by preventing components from settling. The most prevalent hydrocolloids employed as stabilizers are xanthan gum, gum acacia, and gum arabic.
Hydrocolloids Market By Source
Based on the source, the botanical is projected to be the fastest expanding segment of the Global Hydrocolloids Market. Customers' shifting preferences for plant-based products account for a sizable share of this industry. The usage of hydrocolloids is increasing in the natural pharmaceutical and cosmetic sectors. Furthermore, the expanding gluten- and lactose-free trend is increasing demand for hydrocolloids' market share in new product formulations.
Hydrocolloids Market By Application
Based on the application, the food and beverages segment is predicted to control the largest share of the hydrocolloid market in 2021. The significant proportion of this segment is mostly attributable to the expanded installation of food and beverage manufacturing facilities, as well as increased consumer expenditure on advanced and convenient processed products. The ability of hydrocolloids to alter liquid flow properties, and gelling capacity, enhance oil droplet emulsification, and prevent ice recrystallization has made them an essential ingredient in the food service industry.
Hydrocolloids Market Regional Outlook
The Middle East & Africa (MEA)
Asia-Pacific has emerged as the most important regional hydrocolloid market. The growing uses of carboxymethyl cellulose in processed foods, as well as the developing apparel and construction industries, are expected to drive regional product demand. Due to the rising demand for food and beverage items, China is expected to be a major consumer. A significant portion, combined with abundant raw material availability, is predicted to fuel regional market expansion. Due to rising demand, the region's need for refined carbohydrates and processed foods is likely to rise. The expanding health-conscious population, as well as the growing adoption of clean-label and organic food supplements such as stabilizers and thickening agents, has increased the demand for hydrocolloids. Furthermore, hydrocolloid manufacturing hubs in India, China, Thailand, and Indonesia contribute to regional expansion.
Some of the prominent global hydrocolloids market companies are BASF, Kerry Group, Ingredion, Palsgaard A/S, Tate & Lyle PLC, Cargill Inc., DowDuPont, Darling Ingredients, CP Kelco, and Ashland Inc.
The global hydrocolloids market size in 2021 was accounted to be USD 9,745 Million.
The projected CAGR of hydrocolloids during the analysis period of 2022 to 2030 is 5.9%.
The prominent players of the global hydrocolloids market involve BASF, Kerry Group, Ingredion, Palsgaard A/S, Tate & Lyle PLC, Cargill Inc., DowDuPont, Darling Ingredients, CP Kelco, and Ashland Inc.
North America held the dominating share for hydrocolloids during the analysis period of 2022 to 2030
Asia-Pacific region exhibited fastest growing CAGR for hydrocolloids during the analysis period of 2022 to 2030
Increasing consumption of convenience foods, growing health-consciousness among consumers, and versatile functionality in the food and beverages industry are the prominent factors that fuel the growth of global hydrocolloids market
Based on function, gelling agents segment held the maximum share for hydrocolloids market in 2021