Global Hydrocolloids Market is valued approximately at USD 9.2 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.3% over the forecast period 2020-2027. Hydrocolloids are obtained from different synthetic and natural sources such as microbes, plants, animals, seaweed, and synthetic chemicals and are used as emulsifiers, stabilizers, and thickeners. Hydrocolloids are used in wide range of end-user industries including personal care, food & beverage, oil & gas, pharmaceuticals, and agriculture. The surging demand for healthy and natural ingredients in various food & beverages application and demand for bakery and confectionery products, dairy products, beverages, frozen desserts, and pet food are the few factors responsible for growth of the market over the forecast period. Furthermore, the introduction of products and other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 12th February 2019, Ingredion extends texture capabilities with single hydrocolloids to expand company's specialty product portfolio. It includes the gum-based texturizers that offer texture stability, emulsification and protein protection, to customers across Europe, the Middle East and Africa. However, stringent international quality standards and regulations and shortage of resources has created a demand-supply imbalance is the major factor restraining the growth of global Hydrocolloids market during the forecast period.
The regional analysis of global Hydrocolloids market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world owing to the large market for bakery, confectionery, convenience food, and packaged food products. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
DuPont de Nemours, Inc.
Ingredion Incorporated
Cargill, Incorporated
Kerry Group plc
Archer Daniels Midland Company (Adm)
Palsgaard A/S
Darling Ingredients Inc.
CP Kelco
Ashland Inc.
BASF SE
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Gelatin
Pectin
Carrageenan
Xanthan
Agar
Arabic
Locustbean gum
Carboxymethyl cellulose
Alginates
Guar gum
Microcrystalline celluloses
By Source:
Botanical
Microbial
Animal
Seaweed
Synthetic
By Application:
Food & beverages
Cosmetics & personal care products
Pharmaceuticals
By Function:
Thickeners
Stabilizers
Gelling agents
Coating materials
Fat replacers
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027
Target Audience of the Global Hydrocolloids Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors