PUBLISHER: IMARC | PRODUCT CODE: 1541240
PUBLISHER: IMARC | PRODUCT CODE: 1541240
The global hydrocolloids market size reached US$ 12.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 17.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.35% during 2024-2032.
Hydrocolloids are high molecular weight hydrophilic polymers that form a colloidal dispersion in water. They are extracted from plants, animals, seaweeds, and microbials. Pectin, carrageenan, gelatin, alginates, agar, carboxy methyl, and guar gum are some commonly used hydrocolloids. They are widely incorporated in beverages, bakery products, dairy, frozen food, confectionery, seafood, oils, and fats. Hydrocolloids improve the textural properties and act as thickeners, water retention agents, stabilizers, emulsifiers, and gel-forming agents. They also provide a moist and insulating healing environment that protects uninfected wounds, treats acne blemishes, and reduces inflammation and skin redness. As a result, hydrocolloids find extensive applications across the food and beverage (F&B), pharmaceutical, personal care, and cosmetics industries.
Significant growth in the F&B industry across the globe is creating a positive outlook for the market. Hydrocolloids are widely used as gelling and thickening agents in soups, gravies, jams, jellies, and marmalade. In addition, increasing product utilization for manufacturing convenience food products to improve shelf-life, increase consistency, and control the microstructure, texture, and flavor is acting as another growth-inducing factor. Furthermore, the rising product demand in the cosmetics and personal care industries to produce toothpaste, lotions, deodorants, and sunscreens due to their viscosity-controlling and water-binding properties are providing a thrust to the market growth. Apart from this, the introduction of ultrasound or microwave-assisted extraction of hydrocolloids from macroalgae that reduces the use of chemicals, maximizes yield, and maintains sustainability is propelling the market growth. Moreover, the widespread product utilization in the pharmaceutical sector for manufacturing oral formulations due to its excellent rheological properties that regulate the flow behavior and impart stickiness is providing a considerable boost to the market growth. Other factors, including the rising application of hydrocolloids for dressing and wound care, increasing demand for natural ingredients and clean-label products, and shifting inclination towards ready-to-eat (RTE) products, are anticipated to drive the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global hydrocolloids market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on source, product, function and application.
Animal
Botanical
Microbial
Seaweed
Synthetic
Gelatin
Xanthan Gum
Carrageenan
Guar Gum
Others
Thickening
Gelling
Stabilizing
Others
Food and Beverages
Personal Care and Cosmetics
Pharmaceuticals
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Agarmex Sa De Cv., Archer-Daniels-Midland Company, Ashland Global Specialty Chemicals Inc., B. Braun SE, Cargill Incorporated, Carob S.A., CP Kelco U.S. Inc. (J.M. Huber Corporation), Ingredion Incorporated, Koninklijke DSM N.V., Nexira, Palsgaard A/S, Rousselot (M) SDN. BHD. (Darling International Inc.). and Tate & Lyle PLC.