New York, Feb. 22, 2023 (GLOBE NEWSWIRE) — According to the report published by Next Move Strategy Consulting, the Hydrocolloid market generated USD 13.15 billion in 2021 and is projected to reach USD 20.21 billion by 2030, with a CAGR of 4.9% from 2022 to 2030. The research provides detailed analysis on the drivers, restraints, and opportunities for highlight the changing dynamics of the market. Furthermore, the research provides a comprehensive analysis of the major segments and their sub-segments to determine the fastest growing and highest revenue generating segments.
Equipping the detailed analysis of each and every aspect of Hydrocolloids industry in 500 pages along with 354 tables and 335 figures, the report aims to provide a useful source of information for key players, investors and startups to take necessary measures to achieve sustainable growth and competitive advantage.
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| Coverage of the report | Details |
| Forecast period | 2022–2030 |
| base year | 2021 |
| Market size in 2021 | 13.15 billion dollars |
| Market size in 2030 | 20.21 billion dollars |
| CAGR | 4.9% |
| Number of pages | 500 |
| tables | 354 |
| figures | 335 |
| Segments covered | Type, Source, Application and Industry Vertical |
| drivers | Multifunctionality of hydrocolloids to give rise to their wide range of applications |
| Increase in popularity of clean label additives due to increased health and wellness trend | |
| Increasing population and rising nutrition conscious consumers are driving the growth of the hydrocolloids market | |
| opportunities | The increasing expansion of ready-to-eat foods around the world creates opportunities for growth |
The report offers a comprehensive analysis of the changing trends of the global hydrocolloids market based on drivers, restraints, and opportunities. Growing population and nutrition conscious consumers are driving the growth of the hydrocolloids market during the forecast period. Also, due to the rising trend of health and wellness, clean label additives are becoming more popular, which in turn is driving the market growth.
However, stringent regulations and international quality standards related to the use of hydrocolloids restrain the growth of the market.
Senior Hydrocolloids Market Analyst, Next Move Strategy Consulting, stated, “The growing expansion of ready-to-eat foods across the globe is expected to create opportunities for the hydrocolloids market in the coming years “.
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The report provides detailed segmentation of the Hydrocolloids market based on type, source, application, and industry vertical. By type, the report segments the market into gelatin, xanthan gum, carrageenan, alginates, agar, pectin, guar gum, locust bean gum (LBG), gum arabic, carboxymethyl cellulose (CMC) and microcrystalline cellulose (MCC). Based on application, the market is classified into thickeners, stabilizers, gelling agents, fat replacers, coating materials, and others. According to the source, the market is classified into botanical, microbial, animal, algae and synthetic. Based on industry vertical, the market is segmented into food and beverages, cosmetics, pharmaceuticals, and others.
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The Asia-Pacific region accounted for the highest market share in 2021 and is estimated to maintain its dominance throughout the forecast period. Growing interest in research and development and innovations in hydrocolloids is driving the growth of the hydrocolloids market. In addition, increasing demand for natural hydrocolloids, increasing demand for processed foods, increasing health concerns among consumers, and changing customer preferences towards food low fat are some of the major factors driving the growth of the hydrocolloids market.
However, North America is expected to register a steady growth rate during the forecast period, owing to the growing health awareness among customers and growing awareness of diet, nutrition, and natural products. In addition, the multi-functionality of hydrocolloids along with changes in lifestyles and food habits are other important factors driving the growth of the hydrocolloids market in this region.
The research offers an analysis of each region and its countries based on the segments and its sub-segments to outline the steps to be taken to consolidate the presence in the Hydrocolloids industry. This analysis is also helpful in determining the highest revenue generating and fastest growing segments and taking next steps accordingly.
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The report offers a detailed analysis of the major players in the Hydrocolloid market. Major players analyzed in the research include Cargill Inc., CP Kelco Inc., Kerry Group PLC, DSM NV, Archer Daniels Midland Company, Ashland Global Holdings Inc., Hawkins Watts Ltd., Gelnex Industria e Comercio Ltd., Taiyo Kagaku Co . Ltd. and Fiberstar Inc.
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