The intensified use of hydrocolloids in functional food to overcome diseases such as obesity, diabetes, and other chronic diseases has uplifted the demand for hydrocolloids. With growing health concerns and rising per capita health care cost, there has been surge in demand of hydrocolloids. Market Research Future, a firm which specializes in market reports related to the Foods, Beverages & Nutrition sector among others, recently forecasted in its report “Global Global Hydrocolloids Market Research Report- Forecast to 2023” that the market will demonstrate an exceptional CAGR % while achieving million dollar growth readily in the forecast period.
Hydrocolloids are substances which tend to form gel in the presence of water. They are mostly used for gelling, stabilizing, thickening, coating, and emulsifying purposes. Hydrocolloids are widely used in extending the shelf life and enhancing the stability of food and beverage products. Hydrocolloids help in reduction of sugar and salt content in food and beverage products without altering the physical properties of the products. Commonly used hydrocolloids in food and beverage industries are gelatin, alginates, xanthan gum, pectin, guar gum, carrageenan, and carboxymethyl cellulose (CMC).
The key players profiled in hydrocolloids are Cargill Inc. (U.S.), Kerry Group plc. (Ireland), E. I. du Pont de Nemours and Company (U.S.), Darling Ingredients Inc. (U.S.), CP Kelco U.S., Inc. (U.S.), Ingredion Incorporated (U.S.), and Ashland Global Holdings Inc. (U.S.) among many others.
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The global Global Hydrocolloids Market has been divided into type, source, function, application, and region.
On the Basis of Type: Gelatin, Pectin, Guar, Carrageenan, CMC, and Others
On the Basis of Source: Natural, and Synthetic
On the Basis of Function: Gelling agent, Thickeners, and Stabilizers
On the Basis of Application: Dairy & Frozen Desserts, Bakery & Confectionary, Beverages, and Others
On the Basis of Region: North America, Europe, Asia Pacific, and ROW
The global Global Hydrocolloids Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the Global Hydrocolloids Market followed by Europe. The U.S. has been accounted for a higher consumption of hydrocolloids in confectioneries and dairy food products owing to increasing awareness about the benefits of consuming natural thickening and stabilizing agent. Additionally, high demand for cost-effective stabilizing and gelling ingredient such as hydrocolloids in food & beverages industry is considered to be key driving factor in this region.
Furthermore, increasing consumer awareness and growing demand for an alternative of synthetic hydrocolloids such as acrylic acid polymers in processed food & beverages has uplifted the demand for natural hydrocolloids in European countries like the U.K, Germany and France which is likely to boost the growth of the Global Hydrocolloids Market during the review period. Additionally, approval for the use of hydrocolloids in edible products from regulatory authorities such as food and agriculture organization (FAO) is projected to uplift the growth of the Global Hydrocolloids Market.
Latest Industry Updates
Nov 2017 Royal DSM and Zhejiang Haixing Investment Co. Ltd. has acquired of a majority equity stake in Inner Mongolia Rainbow Biotechnology Co. Ltd. The company is now renamed as DSM Rainbow Biotechnology Co., Ltd. Through this acquisition, DSM and Haixing will be able to expand their global business of sustainable and innovative hydrocolloid solutions applied in food, beverage and personal care products to provide texture and stability.
Jun 2017 Alland & Robert Company, expertise in natural plant exudates and an international leader in acacia gum has added new clean label products in the name of Syndeo, which is based on a blend of natural and vegetal hydrocolloids that can be used as a functional additive in food and drinks, including dairy-free beverages.
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