Meticulous Research®— a leading global market research company, published a research report titled, ‘Hydrocolloids Market by Type (Gelatin, Carrageenan, Agar, Gellan Gum), Source (Seaweed, Synthetic, Botanical), Function (Stabilizer, Gelling Agent), Application (Food & Beverage, Pharmaceuticals, Cosmetics and Personal Care) - Global Forecast to 2031.’
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According to this latest publication from Meticulous Research®, the global hydrocolloids market is projected to reach $18.34 billion by 2031, at a CAGR of 6% during the forecast period 2024–2031. The growth of this market is driven by the increasing global demand for processed and convenience food products, growing health consciousness among consumers, and the versatile functionality of hydrocolloids in food & beverages. However, stringent government regulations and fluctuations in raw material prices restrain the growth of the hydrocolloids market to some extent. Furthermore, rising demand for clean-label products and increased R&D and innovations in hydrocolloids are further expected to provide market growth opportunities for the stakeholders operating in the global hydrocolloids market.
Key Players
Some of the key players operating in the global hydrocolloids market are Cargill, Incorporated (U.S.), Archer-Daniels-Midland Company (U.S.), Kerry Group plc. (Ireland), International Flavors & Fragrances, Inc. (U.S.), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), CP Kelco U.S., Inc. (U.S.), Nexira (France), Darling Ingredients Inc. (U.S.), DSM-Firmenich AG (Switzerland), Ashland Inc. (U.S.), Palsgaard A/S (Denmark), and Hawkins Watts Limited (New Zealand).
The global hydrocolloids market is segmented based on type (gelatin, pectin, xanthan gum, carrageenan, alginates, carboxy methyl cellulose, locust bean gum (LBG), agar, gellan gum, microcrystalline gum (MCC), guar gum, and others), by source (animal, microbial, synthetic, seaweed, and botanical), by function (stabilizers, thickeners, gelling agent, fat replacers, coating materials, and others), by application (food & beverage {bakery & confectionery, dairy, meat & poultry, sauces and dressings}, pharmaceuticals, cosmetics and personal care, and other applications), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
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Based on type, in 2024, the gelatin segment is expected to dominate the global hydrocolloids market. This dominance is primarily attributed to the growing adoption of gelatin in food & beverage and pharmaceutical industries due to its functional properties, such as gelation, emulsification, and film-forming. Additionally, the increasing utilization of gelatin in the cosmetic industry for its binding and thickening properties is expected to contribute to the market's growth. Moreover, the versatility of gelatin in various food applications, including desserts, candies, jellies, ice creams, and meat processing, is anticipated to further propel the market's expansion globally.
Based on source, the animal segment is expected to dominate the global hydrocolloids market in 2024. The dominance of this segment is mainly attributed to the extensive utilization of animal-sourced hydrocolloids in food & beverage and pharmaceutical applications as well as the ample availability of animal-derived by-products as raw materials for hydrocolloid production. Moreover, animal-based hydrocolloids such as gelatin are renowned for their versatility, cost-effectiveness, and widespread availability, making them a popular choice in many formulations.
Top 10 companies in Hydrocolloids@
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Based on function, in 2024, the stabilizers segment is expected to account for the largest share of the global hydrocolloids market. The large market share of this segment is attributed to the various benefits provided by stabilizers, such as it helps to prevent the separation of different components within food products, improving texture, stabilizing emulsions, and enhancing the overall quality of the product. Pectin, carrageenan, alginate, agar, xanthan gum, and gaur gum, are the most commonly used stabilizers. Versatile functionalities of these hydrocolloids also influence the physical and textural properties of the products.
Based on application, the food & beverage is slated to register the highest CAGR during the forecast period of 2024–2031 due to the growing demand for clean-label products and increasing product innovations in the food industry. Hydrocolloids play a crucial role in modifying the flow characteristics of liquids, enhancing gelling properties, facilitating oil droplet emulsification, and impeding ice recrystallization. These inherent properties make hydrocolloids a crucial ingredient in the food industry.
Based on geography, in 2024, North America is expected to account for the largest share of the hydrocolloids market. The major share of this regional market is attributed to factors such as the presence of a large number of key players, growing demand for processed and convenience foods, increasing consumer preference for natural and clean-label foods, technological advancements, and product innovations in the food industry, and rising demand for functional foods in the region. Moreover, in 2024, the U.S. is expected to account for the largest share of the hydrocolloids market in North America.
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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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