COVID-19 Impact on Hydrocolloids Market in 2020 - Know the Forecast Demand till 2026

Fortune Business Insights offers a detailed overview of the global market in a report, titled "Hydrocolloids Market Size, Share and Global Trend by Source (Plant Hydrocolloid, Microbial Hydrocolloid, Animal Hydrocolloid, Seaweed Hydrocolloid, Synthetic Hydrocolloid), By Function (Gelling, Emulsification, Stabilization, Thickening, Coating), By Application (Food & Beverage, Pharmaceuticals, Cosmetics), And Geography Forecast till 2026."

Rapidly evolving eating habits has fuelled demand for convenience food, which in turn, is driving the global hydrocolloids market. Hydrocolloids have different properties which include thickening, emulsifying, gelling, coating among others to maintain the food texture. Some of the known stabilizers and thickeners are alginates, agars, gum Arabic, and carrageenans which help in easing bowel function and are used as laxatives.

Some of the leading players operating in the market include:

Kerry Group Plc.
Koninklijke DSM N.V.
Cargill Incorporated
Archer-Daniels-Midland Company
I. du Pont de Nemours and Company
Ashland Global Holdings Inc.
W Hydrocolloids, Inc.
Ingredion Incorporated
Fuerst Day Lawson Limited
FMC Corporation
Tata & Lyle Plc.

Hydrocolloids offer rheology properties, which help to modify some of the attributes of food systems. Spurred by these properties, the hydrocolloids market growth is expected to increase over the projected horizon. Demand for gelling agents is expected to increase from cosmetics, pharmaceuticals, food and beverages, and others. This, in turn, is likely to boost the market in the forecast years.

The report offers an extensive analysis of the market dynamics and trends prevailing in the market. Analysts have conducted an in-depth analysis of the market size and projections between 2018 and 2026. The competitive intelligence of leading players aims to help our readers understand the current competitive scenario. In addition to this, the report analyzes key strategies and profiles of key players to offer a competitive outlook.

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Major Segmentation Includes:

By Source

Plant Hydrocolloid
Microbial Hydrocolloid
Seaweed Hydrocolloid
Animal Hydrocolloid
By Function

Gelling
Emulsification
Stabilization
Thickening
Coating
Others
By Application

Food & Beverage
Pharmaceuticals
Cosmetics
Others
By Geography

Animal Hydrocolloids to Cover the Maximum Share

According to the source, animal hydrocolloid is expected to hold the maximum portion of the hydrocolloid market share. This is attributable to the rising consumption of gelatin derived from animal tissues. The rising use of animal hydrocolloids for producing confectionery products is expected to add to the growth of the market during the forecast period.

Food and beverages segment is expected to witness the highest demand for hydrocolloids on account of the rising demand for natural and functional food ingredients. Growth in dairy, confectionery, and bakery industry across developed and developing countries are likely to give boost to the market by 2026., thereby aiding the hydrocolloids market size.

Increasing Production of Clean-labelled Products to Propel Growth in North America

From a geographical standpoint, North America is expected to register high growth in the global hydrocolloids market through the forecast years. The growth is attributable to the rising production of clean-labelled and premium food products. The confectionery industry is growing in the U.S. This, coupled with the rising demand for low-fat and low-calorie food products, is expected to stimulate growth in the market in North America.

The market in Asia Pacific is expected to register considerable growth over the projected horizon. The food and beverage industry is flourishing in this region. This, along with the increasing population, is fuelling demand for functional and convenience food. Against this backdrop, the demand for hydrocolloids is expected to augment in the forecast years in this region. Another factor responsible for driving the market is increasing the disposable income of consumers.

Cargill to Expand its Portfolio by Adding a New Carrageenan Extract 'Satiagel Seabrid'

Rising number of diet-conscious people across the world is expected to fuel demand for hydrocolloids in the forecast years. Hydrocolloids are natural ingredients which help to overcome different health-related issues, creating demand for healthy food products. Several manufacturers are planning to launch new products in hydrocolloids to benefit market growth. As per the report.

Some of the recent developments made by companies are mentioned below:

January 2019: Royal DSM unveils new brand for its gellan gum and xanthan gum portfolios. The aim of this strategic initiative is to make the customers aware of the different types of solutions offered by them.

July 2018: Cargill announced the expansion of its seabird portfolio by adding carrageenan extract called Satiagel Seabird. This addition intends to be used as a texturizing solution in different varieties of dairy desserts.

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This release was published on openPR.