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Food Hydrocolloids Market Analysis

  • Report ID: GMI8606
  • Published Date: Mar 2024
  • Report Format: PDF

Food Hydrocolloids Market Analysis

Based on the type, the market is segmented into gelatin gum, pectin, xanthan gum, guar gum, carrageenan, and others. The gelatin gum segment held over USD 1.3 billion revenue in 2023 and is set to reach USD 1.9 billion in 2032. Due to their versatility and unique characteristics, gelatin gums find widespread applications across various sectors of the food hydrocolloids market. They serve as essential thickening and gelling agents in confectionery, desserts, dairy, and meat processing. Incorporating gelatin gums into different food formulations enhances mouthfeel, texture, and stability.
 

Moreover, their compatibility with clean-label and natural trends makes them a preferred choice, meeting consumer demands for transparent ingredient lists. Positioned favourably within the food industry's evolving landscape and amidst increasing consumer preferences for indulgent and functional food products, gelatin gums are poised to maintain a significant presence and drive innovation in the market.
 

Food Hydrocolloids Market Revenue Share, By Source, (2023)

Based on source, the food hydrocolloids market can be further segmented into plant, animal, seaweed, synthetic, microbial. The plant segment accounted for 63% market share and is expected to hold 64% in 2032. The rising consumer preference for natural and sustainable ingredients creates a significant opportunity for plant-derived food hydrocolloids. These hydrocolloids, sourced from plants, seeds, and seaweed, meet the increasing demand for clean-label products. With minimal ecological impact and renewable sourcing, plant-based hydrocolloids are favored amidst growing health and environmental awareness.
 

Furthermore, their functional properties such as stabilizing, thickening, and gelling make them suitable for diverse food applications. As consumer awareness and demand for plant-based alternatives continue to grow, the market for plant-derived food hydrocolloids is expected to expand accordingly.
 

Based on application, the food hydrocolloids market can be further categorized into bakery and confectionery, dairy and frozen products, beverages, meat and seafood products, and other applications. The bakery and confectionery segment dominated around USD 1.5 billion in 2023 and is poised to cross USD 2.2 billion in 2032. The market holds significant promise within the baking and confectionery sectors. Hydrocolloids play a crucial role in enhancing the texture, moisture retention, and longevity of baked goods such as bread, cakes, and pastries.
 

Similarly, they contribute to improving the mouthfeel, stability, and texture of confectionery items like candies, chocolates, and gummies. Additionally, hydrocolloids offer versatility by allowing formulations to be adjusted to meet various dietary preferences, such as gluten-free or vegan options. With increasing demand for innovative and indulgent baked goods and confections, the market is primed for continuous growth and advancement.
 

Asia Pacific Food Hydrocolloids Market Size, 2021- 2032 (USD Billion)

Asia Pacific food hydrocolloids market size recorded around USD 1.4 billion in 2023 and is projected to surpass USD 2.1 billion by 2032. Urbanization, shifting lifestyles, and increased disposable incomes have led to a preference for processed and convenient foods, driving the demand for food hydrocolloids across multiple sectors including dairy, beverages, confectionery, and baking. Additionally, the region provides opportunities for innovative product development using hydrocolloids, owing to its diverse culinary heritage, and evolving food culture.
 

Moreover, growing consumer awareness regarding health and wellness is driving the demand for natural and clean-label products, further expanding the market for food hydrocolloids. With burgeoning economies like China, India, and Southeast Asian nations, the Asia Pacific region presents significant opportunities for market growth and investment in the food hydrocolloid industry.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of food hydrocolloids reached USD 3.9 billion in 2023 and is set to witness 4.1% CAGR between 2024 and 2032, led by the shifting consumer preferences towards natural, healthier ingredients along with the rising demand for processed, convenient foods.

The gelatin gum segment generated USD 1.3 billion in revenue in 2023 and is projected to amass USD 1.9 billion by 2032, owing to versatility and unique characteristics contributing to its widespread applications across various sectors.

Asia Pacific market size recorded USD 1.4 billion in 2023 and is expected to be worth USD 2.1 billion by 2032, attributed to the rapid urbanization, shifting lifestyles, and increased disposable incomes leading to strong preference for processed and convenient foods in the region.

Some of the top food hydrocolloid firms are Ashland Global Holdings Inc., Cargill, Incorporated, CP Kelco, DuPont de Nemours, Inc., FMC Corporation, Gum Technology Corporation, Ingredion Incorporated, Kerry Group plc, Koninklijke DSM N.V., Lonza Group AG, Tate & Lyle PLC, and TIC Gums, Inc.

Food Hydrocolloids Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 530
  • Countries covered: 22
  • Pages: 350
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