Hydrocolloids Market Share to Reach US$18.81 Billion By 2032 at 6.1% CAGR: Polaris Market Research

According to a new market research report published by Polaris Market Research, the global Hydrocolloids Market is expected to grow at a compound annual growth rate (CAGR) of 6.10% from 2024 to 2032. The utilization of hydrocolloids in various processed foods is projected to drive the expansion of the market.
Hydrocolloids are a diverse group of polysaccharides that can form gels or solutions in water. They are known for their numerous functional properties, which include gelling, emulsifying, stabilizing, modifying, and thickening texture. The specific properties of these polysaccharides are based on their molecular structure. Hydrocolloids such as starch and cellulose are polysaccharides, whereas proteins like casein are protein-based. The functionality of hydrocolloids is based on their ability to interact with water and other ingredients. Hydrocolloids can act as stabilizers, thickeners, gelling agents, coating materials, and fat replaces.

𝗚𝗲𝘁 𝗙𝗿𝗲𝗲 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗣𝗗𝗙 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 @ https://www.polarismarketresearch.com/industry-analysis/hydrocolloids-market/request-for-sample

The hydrocolloids market was valued at USD 11.06 billion in 2023 and is projected to reach USD 18.81 billion by 2032, exhibiting a CAGR of 6.10% over the forecast period. The market is witnessing robust growth, driven by increased demand for convenience food products. Hydrocolloids are widely used in processed food to enhance their stability and shelf life. Besides, the rising consumption of processed foods in major economies like India and China has led to increased consumption of processed foods. Furthermore, advances in technology are driving the growth of the industry.

Key Market Players
Some of the major players operating in the market are:
• CP Kelco U.S. Inc.
• Fufeng Group
• Ashland
• DSM
• Palsgaard A/S
• Ingredion
• Darling Ingredients Inc.
• Associated Archer Daniels Midland Company
• Deosen Biochemical (Ordos) Ltd.
• Cargill
• Incorporated
• Kerry Group plc
• BASF SE
• Tate & Lyle
• Nexira
• International Flavors & Fragrances Inc.

𝗕𝘂𝘆 𝗡𝗼𝘄 𝗧𝗵𝗶𝘀 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 @ https://www.polarismarketresearch.com/buy/2044/2

Segmental Analysis
• The market segmentation is primarily based on type, source, function, end-use, and region.
• By type analysis, the gelatin segment dominated the market owing to its extensive use in pharmaceutical products.
• By source analysis, the animal segment is anticipated to dominate the market due to the abundant availability of animal by-products used as raw materials for manufacturing.
Regional Overview
Among the regional markets, Asia Pacific is anticipated to witness higher growth in the upcoming years. As seaweed has been traditionally consumed in several Asian nations, there is a high level of familiarity and acceptance of seaweed in the region. This, in turn, is anticipated to drive the demand for seaweed protein as a plant-based alternative in various regions. Besides, North America is anticipated to have the largest revenue share over the forecast period.

𝗥𝗲𝗮𝗱 𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝗮𝗻𝗱 𝗗𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗜𝗻𝗱𝗲𝘅 𝗼𝗳 𝗳𝘂𝗹𝗹 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝘁𝘂𝗱𝘆 @ https://www.polarismarketresearch.com/industry-analysis/hydrocolloids-market

Hydrocolloids Market Report Highlights

Gelatin segment dominated the market and is likely to continue its dominance in the market over the projected period. It is widely used in pharmaceutical products for tablet formulation and wound dressings and as a clarifying agent in food products.
Animal segment is expected to dominate the market in the projected period due to its abundant availability of animal by-products for manufacturing as raw materials and manufacturers producing products that support animal welfare.
Stabilizers segment is anticipated to grow fastest over the forecast period due to unstable beverage emulsions and tends to separate into two different liquids. Therefore, using hydrocolloids is essential to stabilize and preserve the flavors.
Food and beverages segment is expected to grow fastest over the projected period due to beef and poultry products which can improve cooking yield, texture, and qualities, and hydrocolloids are mostly used in the food and beverages industry.
North America is anticipated to hold the largest share in the hydrocolloids market because of the continuously changing peoples' eating habits and increasing demand for ingredients that can reduce oil and fats.

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This release was published on openPR.