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Hydrocolloids Market Report 2023 - Market Size, Growth Rate, Major Drivers And Key Trends | Archer Daniels Midland Company, Ashland Global, Cargill Incorporated, CP Kelco, Darling Ingredients
Hydrocolloids Global Market Report
The Business Research Company's Hydrocolloids Global Market Report 2023 identifies the Increasing demand from the food and beverage industry is expected to drive the growth of the Hydrocolloids market in the coming years. The food and beverage sector encompasses all businesses engaged in the production, packaging, and distribution of raw food materials. This includes both fresh and processed foods, as well as alcoholic and non - alcoholic drinks. Hydrocolloids are added to foods and beverages to preserve their original color and texture, which can be lost during cooking and preparation due to a variety of chemical and physical processes.
The global hydrocolloids market size grew from $10.58 billion in 2022 to $12.22 billion in 2023, at a compound annual growth rate (CAGR) of 15.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the hydrocolloids market is expected to grow to $19.15 billion in 2027 at a CAGR of 11.9%.
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Major players in the hydrocolloids market are Archer Daniels Midland Company, Ashland Global, Cargill Incorporated, CP Kelco, Darling Ingredients, DuPont Nutrition & Biosciences, Hispanagar S.A., Ingredion Incorporated, Kerry Group, Koninklijke DSM N.V., Aquarev Industries, BASF, Fiberstar Inc., FMC Corporation, Jungbunzlauer Suisse AG, Lotus Gums & Chemicals, Palsgaard A/S, and Hawkins Watts
A key trend in the Hydrocolloids market includes the Gellan gum is a key trend gaining popularity in the hydrocolloids market. Gellan gum is a water-soluble polysaccharide and multifunctional hydrocolloid commonly used as a gelling agent. It has the properties of gelation, stabilization, texturizing, film-forming, thickening, structuring, and suspending agent and can be widely used in food and beverages, home care, personal care, and other industrial applications. Gellan gum is the most expensive form of hydrocolloids and is extensively used to improve food texture.
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The Hydrocolloids market is segmented -
1) By Type: Carrageenan, Guar Gum, Gelatin, Pectin, Microcrystalline Cellulose, Other Types
2) By Function: Thickening, Gelling, Stabilizing, and Other Functions
3) By Source: Botanical, Microbial, Animal, Seaweed, Synthetic
4) By Application: Food and Beverage, Pharmaceutical, Personal Care Products, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Hydrocolloids market.
The Business Research Company's "Global Hydrocolloids Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Hydrocolloids Market Include:
1. Executive Summary
2. Hydrocolloids Market Characteristics
3. Hydrocolloids Market Trends And Strategies
4. Hydrocolloids Market - Macro Economic Scenario
5. Hydrocolloids Market Size And Growth
……
27. Hydrocolloids Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hydrocolloids Market
29. Hydrocolloids Market Future Outlook and Potential Analysis
30. Appendix
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