According to a new report published by Allied Market Research, titled, "Hydrocolloidal Market," The hydrocolloidal market was valued at $10.9 billion in 2022, and is estimated to reach $18.7 billion by 2032, growing at a CAGR of 5.6% from 2023 to 2032.
Hydrocolloids play a crucial role in the pharmaceutical industry as excipients, binders, and disintegrants. The growth of the pharmaceutical and healthcare sectors contributes to increased demand for hydrocolloids in drug formulations and medical applications. Moreover, hydrocolloids are used in the cosmetic and personal care industry for their thickening, stabilizing, and emulsifying properties. The demand for high-quality and stable formulations in the beauty and personal care sector contributes to the growth of the hydrocolloidal market. However, the fluctuation in raw material prices is expected to act as a major restraint for market growth. Nevertheless, the rise in demand for plant-based and natural ingredients is anticipated to offer many opportunities for market growth in the coming years.
Further, hydrocolloidal substances play a crucial role in the cosmetic industry, serving various purposes to enhance product performance and aesthetics. Widely utilized as thickening agents, they contribute to the formulation's texture, improving stability and viscosity. Hydrocolloids, such as xanthan gum and guar gum, are also employed as emulsifiers, promoting the uniform dispersion of ingredients in creams and lotions. In addition, these substances exhibit water-binding properties, ensuring prolonged hydration in skincare products. Their versatility extends to the creation of peel-off masks and gels, providing a cohesive and easily removable film. In summary, hydrocolloids in cosmetics contribute to texture, stability, hydration, and innovative formulations, enhancing the overall consumer experience.
The hydrocolloidal market is segmented on the basis of product type, function, end-use industry, and region. By product type, the market is bifurcated into seaweed and others. By function, the market is categorized into thickening agent, gelling agent, stabilizing agent, and others. By end-use industry, the hydrocolloidal market is classified into food and beverage, pharmaceutical, cosmetics, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report covers strategies adopted by key players in the market to sustain the competitive environment and increase their market share. The key players operating in the hydrocolloidal market include Ashland Inc., Cargill, Incorporated, Kerry Group plc., BASF SE, Jungbunzlauer Suisse AG, Koninklijke DSM N.V., Glanbia Nutritionals, Inc., Palsgaard, DuPont, and Archer Daniels Midland Company. In addition, the market drivers, restraints, and opportunities are explained in the report.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hydrocolloidal market analysis from 2022 to 2032 to identify the prevailing hydrocolloidal market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the hydrocolloidal market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global hydrocolloidal market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Product Type
- Seaweed
- Seaweed Type
- Agar
- Carrageenan
- Alginates
- Others
- Others
- Others Type
- Fucoidan
- Laminarin
- Fucoxanthin
- Kainic acid
- Sesquiterpenes
- Phlorotannins
- Lectins
- Halogenated compounds
- Others
By Function
- Thickening Agent
- Gelling Agent
- Stabilizing Agent
- Others
By End-use Industry
- Food and Beverage
- Pharmaceutical
- Cosmetics
- Others
By Region
- North America
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players:
- Ashland Inc.
- Cargill, Incorporated
- Kerry Group plc.
- BASF SE
- Jungbunzlauer Suisse AG
- Koninklijke DSM N.V.
- Glanbia Nutritionals, Inc.
- Palsgaard
- DuPont
- Archer Daniels Midland Company