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.
The latest report on the global Hydrocolloids industry is expected to be one of the most sought-after ones, as it offers the latest coverage of the significant effects of the COVID-19 pandemic on all segments of the market. The global economic landscape has undergone unprecedented changes due to the global health crisis. The report studies the impact of COVID-19 on the market and analyzes key changes in trends and growth patterns. It also includes an estimate of the current and future impact of COVID-19 on overall industry growth.
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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.
- 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 prominent players of the global Hydrocolloids market are expected to contribute significantly to the revenue generation owing to increasing demand for the Hydrocolloids products in the industry.
Prominent Players Profiled in the Hydrocolloids Market:
Kerry Group, BASF SE, Archer Daniels Midland Company, Cargill Incorporated, DuPont, Ashland Global, CP Kelco, Ingredion Incorporated, Tate & Lyle PLC, and Koninklijke Philips NV
For imparting a deeper understanding of the Hydrocolloids market, the market is further segmented into product types and applications. The report also offers projections for the market segment expected to garner traction during the forecast period.
- 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
Regional landscape of the Global Hydrocolloids Market:
- The latest report analyzes the growth trajectory of the global Hydrocolloids market, emphasizing the global dominance of the market across numerous developed and developing regions, including North America, Europe, and Asia Pacific (Japan, China, and India).
- The study elaborates on the crucial information pertaining to the regional market share, and at the same time, zeroes in on the significant details about the growth patterns of each regional market over the forecast timeline.
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Key inferences influencing the revenue patterns of the market:
- The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Hydrocolloids market into a wide product spectrum.
- The study covers essential data pertaining to the application landscape of these products, the demand for and market share held by each application type, along with their growth rate analysis over the estimated period.
- A meticulous description of the distribution channels, including distributors, producers, and buyers, is one of the key highlights of the global Hydrocolloids market report.
Table of Content:
Chapter 1. Methodology & Sources 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Sources 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Sources 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2020-2028 Chapter 3. Key Insights Chapter 4. Hydrocolloids Market Segmentation & Impact Analysis 4.1. Hydrocolloids Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers' analysis 22.214.171.124. Growing application for hydrocolloids in foods and beverages 126.96.36.199. Growth of the pharmaceutical industry 188.8.131.52. Rising disposable income 4.2.3. Market restraints analysis 184.108.40.206. Fluctuations in in the price of raw materials 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter's Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis
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