IMARC Group, a leading market research company, has recently releases report titled “Hydrocolloids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global hydrocolloids market report, growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Hydrocolloids Market
Hydrocolloids are a group of substances characterized by their ability to form stable gels or thickened solutions when dispersed in water or other aqueous solutions. They comprise carrageenan, xanthan gum, Agar, and pectin, which are found naturally in various foods and used in making jellies, jams, and fruit-infused products. They also consist of gelatin, which is derived from animal collagen and is commonly used as a gelling agent in desserts, gummy candies, and pharmaceutical capsules. They possess the ability to improve product quality and stability, extend shelf life, enhance mouthfeel, and provide unique sensory experiences.
How Big Is the Hydrocolloids Market?
The global hydrocolloids market size reached US$ 11.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.
Global Industry Trends and Drivers:
At present, the increasing demand for hydrocolloids in the pharmaceutical industry as they enable controlled and sustained drug release, enhancing therapeutic efficacy, represents one of the vital factors impelling the growth of the market. Besides this, the rising utilization of hydrocolloid dressings as they promote moist wound healing, reduce pain, and prevent infection is supporting the growth of the market. In addition, the growing demand for plant-based gelling agents in various vegan food products is offering a favorable market outlook. Apart from this, the increasing demand for natural and clean labeled ingredients in products is strengthening the growth of the market. Additionally, the rising employment of hydrocolloids, as they can replace fats in certain products, offering healthier alternatives without compromising texture, is bolstering the growth of the market.
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by Source:
Breakup by Product:
- Xanthan Gum
- Guar Gum
Breakup by Function:
Breakup by Application:
- Food and Beverages
- Personal Care and Cosmetics
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
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.