The global hydrocolloids market size is expected to reach USD 14.35 Billion at a steady CAGR of 5.1% in 2028, according to latest analysis by Emergen Research. Rapid market revenue growth can be attributed to increasing application of hydrocolloids in foods and beverages. Hydrocolloids as food additives find widespread use in numerous food formulations to enhance quality and shelf-life. Hydrocolloids are primarily used as rheology modifiers in foods and beverages to modify texture and or viscosity, and thus alters sensory properties of foods and beverages. Additionally, hydrocolloids are widely used in various food products as stabilizers, water retention agents, emulsifiers, and gelling agents, as well as to prevent formation of ice and sugar crystals in ice cream with controlled release of flavors.
This all-encompassing report on the global hydrocolloids market comprises of an executive summary that briefly describes the overall market, its drivers, restraints, prominent segments, and competitive landscape. Each part of the executive summary is distinctly explained in the report through individual chapters. The chapters comprise of precise calculations demonstrated through charts and graphs.
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Key Highlights From the Report
- In January 2019, DSM Hydrocolloids made an announcement about the introduction of Gellaneer, XanTreme, and Clarixan in its xanthum, and gellan gum product line.
- Gelatin finds application in the preparation of gummy candies, gelatinous desserts, yogurts, and marshmallows. Gelatin is added to meats to improve their water retention property and enhance their visual appeal, as well as to absorb juices released during meat processing. Additionally, gelatin finds uses in removing impurities from fruit juices, vinegar, and wine.
- By source, microbial segment revenue is expected to grow at a significant rate during the forecast period as hydrocolloids produced from microbes possess high dietary fiber content. Microbial source hydrocolloids are considered beneficial in individuals suffering from constipation and irregular bowel movement.
- Hydrocolloids market revenue in North America is expected to register the fastest CAGR during the forecast period attributed to increasing use of hydrocolloids in reducing fat and oil in food products and a high demand for packaged and convenience food. In addition, growing awareness among people related to healthy food habits is causative of the market growth in the region.
The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.
Prominent Players Analyzed in the Report:
Kerry Group, BASF SE, Archer Daniels Midland Company, Cargill Incorporated, DuPont, Ashland Global, CP Kelco, Ingredion Incorporated, Tate & Lyle PLC, and Koninklijke Philips NV.
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Furthermore, the report divides the Hydrocolloids market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.
Emergen Research has segmented the global hydrocolloids market on the basis of type, source, application, industry vertical, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
- Carboxymethyl Cellulose
- Guar Gum
Source Property Outlook (Revenue, USD Billion; 2018–2028)
Application Outlook (Revenue, USD Billion; 2018–2028)
- Gelling Agent
- Fat Replacers
- Coating Agent
Industry Vertical Outlook (Revenue, USD Billion; 2018–2028)
- Food & Beverage
The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2027. According to the regional analysis, the market is primarily spread over key geographical regions as follows:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
Overview of the Hydrocolloids Market Report:
- Introduction, Product Scope, Market Overview, and Opportunities
- Analysis of the Manufacturers with sales, revenue, and price analysis
- Comprehensive analysis of the competitive landscape
- Extensive profiling of the key competitors along with their business strategies and market size
- Regional analysis of the market along with sales, revenue, market share, and global position
- Country-wise analysis of the market along with types, applications, and manufacturing
- Strategic recommendations to established players as well as new entrants
- In-depth analysis of the risks, restraints, and limitations in the Hydrocolloids industry
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