The report is titled as ‘Hydrocolloids Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Hydrocolloids market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Hydrocolloids market is expected to grow with significant rate in the near future.
The hydrocolloids market is estimated to reach at a value of US$ 11.0 Bn by the end of 2022 and expected to reach at a value of US$ 17.7 Bn by 2030 with a significant CAGR of 6.2%.
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Hydrocolloids Introduction
Hydrocolloids can be perceived as hydrophilic molecules that possess a greater molecular weight. They are majorly employed as functional constituents in food composition for augmenting food consistency, enhancing gelling effect, and regulating the microstructure, flavor, texture, and shelf life.
Hydrocolloids, or more broadly known as gums, are primarily outlined as intricate non-digestible polysaccharides that disperse or dissolve in water to offer viscosity or thickening building effect. They are generally extracted from different sources such as microbes, plants, seaweed, animals, and others, and thus, gaining immense eminence among various manufacturers across the world.
They are comprehensively utilized in different application domains such as cosmetics, food and beverages and pharmaceuticals due to their thickening, stabilizing, gelling, and enhancing textural attributes. The soaring demand for convenience foods associated along with its beneficial properties has paved its way to the manufacturers to use such products largely in several processed foods, which is primarily driving the growth of the global hydrocolloids market.
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Hydrocolloids Market Segmentation
The global hydrocolloids market is segmented on the basis of type, functions, source, form, application, and region.
By Type
- Pectin
- Xanthan Gum
- Guar Gum
- Locust Bean Gum
- Gum Arabic
- Carrageenan
- Agar
- Alginates
- Others (Cornstarch, Gelatin, and Cellulose Derivatives)
By Functions
- Thickening
- Gelling
- Stabilizing
- Emulsifying
- Suspension
- Fat Replacer Others (Binding & Coating)
By Source
- Plant Extracts
- Seaweed Extracts
- Microbial Extracts
- Animal Extracts
- Others
By Form
- Gel
- Powder
- Others
By Application
- Bakery
- Confectionery
- Meat & Poultry
- Beverages
- Dairy and Frozen Products
- Sauces and Dressings
- Others (Medical, Cosmetics)
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Hydrocolloids Market Key Players
Some of the key participating players in global Hydrocolloids market are:
- IFF NUTRITION & BIOSCIENCES
- INGREDION INCORPORATED
- CARGILL, INCORPORATED.
- KERRY GROUP
- ARCHER DANIELS MIDLAND COMPANY (ADM)
- PALSGAARD
- DARLING INGREDIENTS INC
- KONINKLIJKE DSM NV.
- ASHLAND
- TATE & LYLE
- CP KELCO
- NEXIRA
- DEOSEN
- EST-AGAR AS
- EXANDAL CORP
- FUFENG GROUP
- BASF SE
- INDIAN HYDROCOLLOIDS
- LUCID COLLOIDS LTD
- SUNITA HYDROCOLLOIDS PVT LTD
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