Market Research Report
Hydrocolloids Market by Type (Gelatin, Xanthan Gum, Carrageenan, Alginate, Agar, Pectin, Guar Gum, Gum Arabic, MCC, and CMC), Source, Function, Application, and Region - Global Forecast to 2025
|Published by||MarketsandMarkets||Product code||954919|
|Published||Content info||262 Pages
Delivery time: 1-2 business days
|Hydrocolloids Market by Type (Gelatin, Xanthan Gum, Carrageenan, Alginate, Agar, Pectin, Guar Gum, Gum Arabic, MCC, and CMC), Source, Function, Application, and Region - Global Forecast to 2025|
|Published: August 14, 2020||Content info: 262 Pages||
"The hydrocolloids market is projected to grow at a CAGR of 5.3%."
The hydrocolloids market is estimated to be valued at USD 9.7 billion in 2020 and is projected to reach USD 12.6 billion by 2025, at a CAGR of 5.3% from 2020 to 2025. The growth of the hydrocolloids market is driven by factors such as the expansion of the processed food industry due to the increase in demand for convenience foods in the emerging countries of the Asia Pacific, South America, and the Middle East & African regions. Key drivers for the market's growth include a robust R&D base, as manufacturers are focusing on with product innovations to offer high-quality hydrocolloids for the end-user industries and the multifunctionality of hydrocolloids.
"The thickeners segment for hydrocolloids is estimated to account for the largest share in 2020."
The hydrocolloids markets, by function, is estimated to be dominated by the thickeners segment in 2020. Hydrocolloids are widely used as thickeners in various food products such as soups, salad dressings, gravies, sauces, and toppings. Key hydrocolloids used as thickeners include xanthan gum, guar gum, locust bean gum (LBG), gum Arabic, and carboxymethyl cellulose (CMC).
"The animal segment isestimated to account for the largest share in 2020"
The hydrocolloids market, by source, is estimated to be dominated by the animal segment in 2020. Hydrocolloids of animal origin are produced using skins and bones of different sources, such as beef, pork, and fish. Gelatin is one of the major hydrocolloids derived from animal sources having applications in the confectionery industry.
"The gelatin segment for hydrocolloids is estimated to account for the largest share in 2020."
The hydrocolloids market, by type, is estimated to be dominated by the gelatin segment in 2020. Gelatin is derived from animal sources and has applications in food products such as candies, desserts, marshmallows, and ice creams. In Europe, gelatin is classified as food and is not subjected to food additive legislation. This is projected to create a lucrative opportunity for hydrocolloids manufacturers in the coming years.
"The food & beverages segment for hydrocolloids is estimated to account for the largest share in 2020."
The hydrocolloids market, by application, is estimated to be dominated by the food & beverage segment in 2020.The demand for hydrocolloids is projected to increase in the coming years due to its multifunctionality in the food industry and the rise in demand for convenience foods in emerging countries.
"North Americais projected to witness significant growth in the hydrocolloids market."
The key players in the hydrocolloidsmarket adopted expansions and product launchesas their key growth strategies to increase their market share and profits. Acquisitions accounted for the second most important growth strategy to be adopted by market players.
The report analyzes the hydrocolloids market along with hydrocolloids market across different types and regions. It aims at estimating the market size and future growth potential of this market across different segments such as type (gelatin, pectin, carrageenan, xanthan, agar, arabic, locustbean gum, carboxymethyl cellulose, alginates, guar gum, and microcrystalline cellulose);source (botanical, microbial, animal, seaweed, and synthetic); application (food & beverages, cosmetics & personal care products, and pharmaceuticals);function (thickeners, stabilizers, gelling agents, coating materials, fat replacers, and others) and region. The report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)**
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.