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The Global Food Hydrocolloids Market Size is valued at 8.76 billion in 2023 and is predicted to reach 13.51 billion by the year 2031 at a 5.73% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- The demand for all-natural, dairy-free products has increased because hydrocolloids inhibit the growth of microbes, which helps keep food safe for consumption market growth and a rise in the market for healthy meals.
- The rising desire for quick and easy meals around the globe is expected to drive industry growth.
- North America dominated the market and accounted for a global revenue share in 2023.
- One of the significant issues is restraining strict rules of food additives, especially those produced from innovative sources like microbial fermentation.
In the food processing business, hydrocolloids are crucial because they are employed as gelling agents, thickeners, and stabilizing agents. Food hydrocolloids have been widely used in the food processing business for the past ten years, which is attributable to their practical qualities. The use of hydrocolloids has greatly expanded in response to the rising demand for ready-meal food products, which is encouraging the future growth of the worldwide food hydrocolloids market.
Hydrocolloids are essential in the food processing industry because they are used as gelling agents, thickeners, and stabilizing agents. Due to their useful characteristics, food hydrocolloids have been employed extensively in the food processing industry for the past few years. Due to the growing demand for ready-meal food products, the use of hydrocolloids has significantly increased, which is positive for the future global food hydrocolloids market expansion. The surge in demand for convenience foods including pasta, bread, beverages, gravies, cakes, and pastries and an increase in the world's population is driving food hydrocolloids market demand.
Recent Developments:
- In January 2023, Cargill introduced a slew of exciting new goods at AAHAAR 2023. Exhibiting at AAHAAR, India’s largest food ingredients show, with the theme “Re(discover) what’s possible together,” Cargill will showcase fusion baking, innovation, and health and nutrition products created in partnership with its bakery partners for the advantage of Indian consumers.
- In September 2023, ZeroAvia and the internationally renowned BASF Environmental Catalyst and Metal Solutions have signed a partnership that will see ZeroAvia supply membrane electrode assemblies and BASF conduct research on next-generation MEAs for ZeroAvia’s HT-PEM fuel cell stacks, which are used in aviation.
Competitive Landscape:
Some of the major food hydrocolloids market players are:
- Anderson Corporation
- Archer Daniels Midland Company
- Ashland Inc.
- B&V SRL
- Balfour Beatty PLC
- BASF SE
- Bayer Material Science AG
- Bio-Kleen Products, Inc.
- Biosciences
- Calera Corporation
- Cargill Incorporated
- CP Kelco
- Darling Ingredients
- De Pont De Nemours & Company
- Dryvit Systems, Inc.
- Fiberstar, Inc.
- FMC Corporation
- Fuerst Day Lawson
- Hispanagar
- Huber Engineered Woods LLC
- Ingredion Incorporated
- Jungbunzlauer
- Kerry Group plc
- Kingspan Group
- Koninklijke DSM NV
- Lubrizol Corporation
- Palmer Industries, Inc.
- Plycem USA, Inc.
- Rico Carrageenan
- CEAMSA
- Silver Line Building Products LLC
- Tate & Lyle PLC
- Thermafiber, Inc.
- USG Corporation
Market Segmentation:
The food hydrocolloids market is segmented into type, application, source and function. Based on type, the market is segmented into gelatin, carrageenan, xanthan gum, alginates, agar, pectin, gum arabic, locust bean gum, and other types. Based on application, the market is further divided into bakery and confectionery, meat and poultry products, beverages, dairy products, sauces and dressing, and other applications. Based on source, the market is divided into plant, animal, microbial, seaweed, and synthetic. Based on function, the market is subdivided into thickener, stabilizer, coating material, fat replacer, and gelling agent.
Based On End-User, The Food And Beverage Segment Is Accounted As A Major Contributor In The Food Hydrocolloids Industry
The growing number of food and beverage manufacturing facilities and increased consumer spending on high-end and convenient food goods are primarily responsible for the segment's size. Because of their ability to change the flow characteristics of liquids, their capacity to gel, their ability to emulsify oil droplets, and their ability to prevent ice from recrystallizing, hydrocolloids are an essential component of the food industry.
Gelatin Witness Growth At A Rapid Rate
In comparison to other hydrocolloids, gelatin is anticipated to generate a significant part of income. The diverse functional qualities of gelatin (such as its ability to gel and thicken, emulsify, foam and whip, and be non-toxic) and its capability to have special emulsifying and film-forming properties in the pharmaceutical sectors are primarily responsible for this segment's overall growth. The huge market demand for tablets, soft gels, and hard capsules made from gelatin drives up the price of gelatin on a global scale.
The North America Food Hydrocolloids Market Holds A Significant Revenue Share In The Region
Due to the increasing demand for hydrocolloids in oil and fat reduction, North America will continue to be the largest market over the projection period. Consumers in developed regions are constantly looking for fresh and inventive food products. This element is predicted to increase the usage of food hydrocolloids in food products, supporting the market's expansion. Besides, in the Asia-Pacific area, the demand for processed goods and fast food is expected to increase. The product's use as a stabilizing and texturizing component and its adoption as an ingredient by many food and beverage producers can be attributed to its functional and clean-label standpoint.
Food Hydrocolloids Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 8.76 Bn |
|
Revenue forecast in 2031 |
USD 13.51 Bn |
|
Growth rate CAGR |
CAGR of 5.73% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million, Volume (Tons) and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Type, Application, Source And Function |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Yara International ASA, Siemens Energy, Origin Energy Limited, Iberdrola, S.A., HY2GEN AG, Hive Energy,, Haldor Topsor A/S, H2U Technologies, Inc., Fusion-Fuel, Fertiglobe, Eneus Energy Limited, Enaex Energy, Dyno Nobel, CF Industries Holdings, Inc., Ballance Agri-Nutrients, Aker, Clean Hydrogen, Air Products Inc.and ACME Group. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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