Lucintel's latest market report analyzed that hydrocolloid provides attractive opportunities in the food & beverages, cosmetics and personal care industries. The hydrocolloid market is expected to grow at a CAGR of 4%-6%. In this market, a guar gum is the largest segment by type, whereas food & beverages are largest by application.
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Based on type, the hydrocolloid market is segmented into gelatin, xanthan gum, carrageenan, alginate, agar, pectin, guar gum, gum arabic, micro crystalline cellulose, and carboxymethyl cellulose. The guar gum segment accounted for the largest share of the market in 2020 as it is widely accepted as an ingredient in various applications, including food & beverages, pharmaceuticals, and cosmetics due to its multifunctional properties.
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The hydrocolloid market is marked by the presence of several big and small players. Some of the prominent players offering hydrocolloid include Ingredion, Cargill, DuPont, Darling Ingredients, ADM, and Kerry.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link
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Brandon Fitzgerald
Lucintel
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