Global Hydrocolloids Market, By Source (Natural Hydrocolloids and Synthetic Hydrocolloids), Type (Gelatin, Carrageenan, Alginates, Agar, Pectin, Gum, Carboxymethyl Cellulose (CMC) and Others), Function (Thickener, Stabilizer, Gelling Agent, Fat Replacer and Coating Material), Application (Bakery, Confectionery, Meat and Poultry Products, Sauces and Dressings, Beverages, Dairy Products, Personal Care and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Hydrocolloids Market
Data Bridge Market Research analyses that the global hydrocolloids market will project a CAGR of 5.8% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, ever-rising population around the globe, rising consumer consciousness towards high quality, healthy and nutritional food products, surging trend of processed food products owing to fast paced lifestyle and increasing personal disposable income by the major companies are the major factors attributable to the growth of hydrocolloids market.
Hydrocolloids have a tendency to disperse in water as they contain hydroxyl groups and sometimes polyelectrolytes. Hydrocolloids are the hydrophilic polymers that are naturally found in fruits, vegetables, seeds and other plant based products. Hydrocolloids can also be extracted from seaweeds, microbes, animals, plants and others. Hydrocolloids are further used to control the basic functional properties of processed food and beverages.
Rising demand for gelatine based products for fat reduction, creaminess, mouth feel, and intense taste experience is the major factor fostering the growth of the hydrocolloids market. Changing and evolving lifestyle, growth in the penetration of e-commerce platforms especially in the developing economies, growing popularity of convenience and functional foods in the western economies and rising number of restaurants are other important factors acting as hydrocolloids market growth determinants. Rising awareness about the benefits of low-fat and low-calorie food, surging prevalence of obesity and high cholesterol related problems and growing focus on the technological advancements to introduce new and innovative products globally will further induce growth in the hydrocolloids market value.
However, unfavourable conditions arising out of covid-19 restrictions will pose a major challenge to the growth of the hydrocolloids market. Stringent rules and regulations imposed by the government on adherence to quality standards and norms will also hamper the hydrocolloids market growth rate. Rising disruption in logistics facilities and scarcity of raw materials will yet again derail the hydrocolloids market growth rate.
This hydrocolloids market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on hydrocolloids market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hydrocolloids Market Scope and Market Size
The hydrocolloids market is segmented on the basis of source, type, application and function. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the hydrocolloids market is segmented into natural hydrocolloids and synthetic hydrocolloids.
- On the basis of type, the hydrocolloids market is segmented into gelatin, carrageenan, alginates, agar, pectin, gum, carboxymethyl cellulose and others.
- On the basis of function, the hydrocolloids market is segmented into thickener, stabilizer, gelling agent, fat replacer and coating material.
- On the basis of application, the hydrocolloids market is segmented into bakery, confectionery, meat and poultry products, sauces and dressings, beverages, dairy products, personal care, and others.
Hydrocolloids Market Country Level Analysis
The hydrocolloids market is analyses and market size, volume information is provided by country, source, type, application and function as referenced above.
The countries covered in the hydrocolloids market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America region dominates the hydrocolloids market and will continue to during the forecast period owing to the strong demand for different convenience and packaged food products. Asia-Pacific is set to undergo substantial gains and score the highest CAGR for this period owing to the growth and expansion of food and beverages industry, growing demand for processed food items, ever-rising population base, rising urbanization and increasing personal disposable income.
The country section of the hydrocolloids market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hydrocolloids Market Share Analysis
The hydrocolloids market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hydrocolloids market.
The major players covered in the hydrocolloids market report are DSM, Dow., DuPont., ADM, Cargill, Incorporated, CP Kelco U.S., Inc., Ashland., Ingredion., Kerry., Tate & Lyle, Home, B. Braun Melsungen AG, Fiberstar, Daicel Corporation, Agarmex, S.A. de C.V., COSUCRA., USK KIMYA CORP, CAROB S.A., Sobigel and AlgaMar among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.