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Food Hydrocolloids Market Trends

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

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Food Hydrocolloids Market Trends

Considering current circumstances and projected advancements, several trends are emerging within the food hydrocolloid industry. There is a surge in demand for hydrocolloids sourced from sustainable and renewable materials, driven by consumer preferences for natural ingredients and clear labeling. Moreover, with a heightened focus on health and well-being, functional foods and beverages enriched with hydrocolloids are gaining popularity due to their numerous health benefits.

Looking ahead, the market is poised for continued growth fueled by the expanding food processing industry and the increasing utilization of hydrocolloids across various sectors like dairy, beverages, confectionery, and baking. Additionally, technological innovations in hydrocolloid production processes are expected to enhance product functionality and quality, broadening their application in diverse food products. Overall, the landscape of the market is evolving dynamically, reflecting changing consumer demands, and advancing technologies.

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.