Hydrocolloids Market by Type (Gelatin, Carrageenan, Guar Gum, Xanthan Gum, Alginates, and Others), Source (Natural, and Synthetic), Application (Food & Beverages, Pharmaceuticals & Nutraceuticals, Personal Care): Global Market Size Estimates and Forecast (2022-2030)
The market crossed US$ 9.20 billion mark in 2022 and is expected to hit US$ 13.82 billion by 2030, recording a CAGR of 5.2% during the forecast period.
hydrocolloids market has been significantly growing due to the growing demand for personal care products
Hydrocolloids are majorly extracted from plants and seaweeds or produced by microbial synthesis. Due to their thickening and gelling properties and water-binding ability, it is used in cosmetic and personal care water-based applications as viscosity control agents. The increasing skin allergies and uncertainty in weather changes tend millennials to opt for personal care products. Further, the other segments, such as food & beverages, are also expected to gain traction during the forecasted year.
Within the report, the market is segmented into type, source, application, and geography. By type, the market is further segmented into gelatin, carrageenan, guar gum, xanthan gum, alginates, and others. Based on source, the market is segmented into natural and synthetic. By application, the market is categorized into food & beverages, pharmaceuticals & nutraceuticals, and personal care. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Growing natural ingredients demand in the pharmaceuticals and nutraceuticals industry augmenting the hydrocolloids market
Hydrocolloids are used in pharmaceuticals and nutraceuticals in the form of nutritive dietary fibers and functional ingredients. The increasing gastrointestinal disorders, diabetes, and geriatric population mainly drive the demand for hydrocolloids. Moreover, the ongoing trend of clean labelled ingredients has increased the market’s growth. Additionally, growing awareness about the nutrient ingredients’ inclusions in tablets and other dietary supplements further propels the demand for hydrocolloids worldwide.
Increased risk of diabetes, allergies, and obesity among the population is the primary factor accelerating markets’ growth
The increased need to control the spread of diabetes, obesity, and food allergies, has shifted consumers' preference toward health and wellness. The rising health issues resulted in adoption of healthy and nutritious food products. The demand for hydrocolloids among food and beverage manufacturers has increased due to the rising demand for emulsifiers and stabilizers used in food and beverages. Also, it can be used as a thickening and binding agent to manufacture food dressings as it enhances viscosity. Hence, the multi-functionality properties of hydrocolloids are surging the market’s growth.
Recent strategic developments in the acerola extract market
The hydrocolloids market has undergone several significant developments, and a few of these have been mentioned below:
- In March 2019, Caldic Italia and Cargill, Incorporated extended their partnership to include the cocoa and chocolate product range after the successful launch of Cargill’s starches, hydrocolloids, and sweeteners portfolio.
- In November 2018, CP Kelco announced a plan to invest in specialty biogums capabilities and capacity expansion.
- In March 2021, Tate & Lyle plc, a global provider of food ingredients and solutions, launched the Tate & Lyle Nutrition Center in Germany. This includes no-calorie sweeteners, biogums, and dietary fibers.
The hydrocolloids market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Cargill, Incorporated, Ingredion, DuPont, ADM, and Kerry Group are among the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- Hydrocolloids-related service providers
- Hydrocolloids associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- Gelatin suppliers
- Carrageenan suppliers
- Xanthan and Guar gum producers
- Hydrocolloids distributors and sales firms
- End users of hydrocolloids
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Type:
- Gelatin
- Carrageenan
- Guar Gum
- Xanthan Gum
- Alginates
- Others
- Source
- Natural
- Synthetic
- Application
- Food & Beverages
- Pharmaceuticals & Nutraceuticals
- Personal care
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- Cargill, Incorporated
- Ingredion
- DuPont
- ADM
- Kerry Group
Companies profiled
- Cargill, Incorporated
- Ingredion
- DuPont
- ADM
- Kerry Group