Global Hydrocolloids market report, market size, share, trends, analysis and forecast to 2028

Stratistics MRC's Global Hydrocolloids Market value is expected to reach $17.17 billion growing at a CAGR of 7.4% during 2022-2028.

A heterogeneous group of polysaccharides that when dispersed in water, create a gel-like substance is mentioned to as a hydrocolloid. They are extracted from a variety of sources, including plants, microbes, animals, seaweed, and others, and have become extremely popular among many manufacturers around the world. Hydrocolloids that are generally used as thickening are starch, xanthan, guar gum, locust bean gum, gum karaya, gum tragacanth, gum Arabic and cellulose derivatives. The gelling type hydrocolloids are alginate, pectin, carrageenan, gelatin, gellan and agar.

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By geography, Asia Pacific is projected to have the highest CAGR over the forecast period. As, positive indicator towards oil & gas and food & beverage industry owing to growing investments and rising economic standards is likely to drive regional growth. Growing consumption of carboxymethyl cellulose in processed food products along with increasing textiles and the construction sector is predictable to fuel the regional product demand. China is expected to remain a major consumer owing to rising demand for food and beverage products, Huge population along with abundant availability of raw material is projected to drive the regional market growth.

Some of the key players profiled in the Hydrocolloids Market include Archer Daniels Midland Company, Ashland, Cargill, Incorporated, DSM, Brenntag AG, Glanbia plc, Ingredion Incorporated, Tate and Lyle PLC, Nexira, TIC Gums, Inc.

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