Increasing Traction of Gelatine in 3D Printing of Confectioneries is Leading to growth of Global Hydrocolloids Market in the forecast period of 2019 to 2026

Global hydrocolloids market is expected to reach USD 1,091,608.62 thousand by 2026, growing at a substantial CAGR in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.   

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Drivers: Global Hydrocolloids Market

  • Increasing traction of gelatine in 3D printing of confectioneries

  • Growing processed food demand due to fast paced lifestyle

Restraint

  • Environmental impact is leading to diminished seaweed production 

Opportunity

  • Use of hydrocolloids as additives to improve the properties of poultry products 

Challenge

  • Fluctuating raw material prices used for the production of hydrocolloids

Market Trends:

  • On the basis of type, the market is segmented into gelatin, carrageenan, alginates, agar, pectin, gum, carboxymethyl cellulose and others. The gelatin is projected to hold the largest market share of the global Hydrocolloids Market.
  • On the basis of source, the market is segmented into natural hydrocolloids and synthetic hydrocolloids
  • On the basis of function, the market is segmented into thickener, stabilizer, gelling agent, fat replacer and coating material
  • On the basis of application, the market is segmented into bakery, confectionery, meat & poultry products, sauces & dressings, beverages, dairy products, personal care, and others

Major Players: Global Hydrocolloids Market​​​​​​​

Some of the major players operating in this market are Koninklijke DSM N.V., DowDuPont, Cargill, Darling Ingredients Inc., CP Kelco, Ashland, INGREDION, Fiberstar, Archer Daniels Midland Company, Daicel Corporation, B. Braun Melsungen AG, AGARMEX, SA DE CV Alvarado, COSUCRA, USK KIMYA CORP., CAROB S.A., Tate & Lyle, Sobigel, SETEXAM, PT. GALIC ARTABAHARI, AlgaMar, Arthur Branwell, Exandal Corp., Gelymar, NOREVO, meron and others.