The food hydrocolloids global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Food Hydrocolloids Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The food hydrocolloids market size has grown strongly in recent years. It will grow from $3.97 billion in 2023 to $4.21 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to rising preference for natural food, growing demand for processed foods, rising demand for convenience foods, rising consumption fruit-infused beverages, and rising preference for natural and clean-label ingredients.
The food hydrocolloids market size is expected to see strong growth in the next few years. It will grow to $5.35 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing consumption of functional food, growing preference for vegan food, increasing demand for bakery food, increase in uptake of ready-to-eat meals, and rising disposable income of consumers. Major trends in the forecast period include development of innovative hydrocolloids, introducing label-friendly food powders, product innovations, plant constructions, and developing food corporations.
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Scope Of Food Hydrocolloids Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Food Hydrocolloids Market Overview
Market Drivers –
The growing demand for processed foods is expected to propel the growth of the food hydrocolloids market going forward. Processed foods are foods that have been altered from their original state through methods such as canning, cooking, freezing, or adding ingredients to enhance flavor, extend shelf life, or improve convenience. The demand for processed foods is due to modern lifestyles that require convenience, longer shelf life, and quick meal preparation options, as well as the widespread availability and marketing of these products. Food hydrocolloids are used to improve the texture, stability, and shelf life of processed foods, enabling fat and calorie reduction and enhancing nutritional value, which support the production of convenient and appealing ready-to-eat foods, meeting the demands of modern consumers. For instance, in 2023, according to the United States Department of Agriculture, a US-based federal agency, the total value of US processed food products exported from the country increased to $36.59 billion in 2023, an increase of 1.7% compared to previous years. Therefore, the growing demand for processed foods drives the food hydrocolloids market.
Market Trends –
Major companies operating in the food hydrocolloids market focus on developing innovative products, such as Seaweed powder, to gain a competitive advantage. Seaweed powder, made from dried and ground seaweed, is a versatile and nutritious food ingredient. It can be derived from various types of seaweed, such as nori, kelp, dulse, and wakame. It is a valuable food ingredient often used as a hydrocolloid due to its functional properties. For instance, in February 2021, Cargill, a US-based agricultural corporation, launched Cargill Seagreens, a new seaweed powder food ingredient that enhances the texture, mouthfeel, and nutritional profile of a wide range of food and beverage applications, including dairy, bakery, and plant-based products. Seagreens powder is rich in essential vitamins, minerals, and antioxidants, making it a versatile and health-conscious ingredient for modern consumers seeking clean-label and functional food solutions. It also meets a trifecta of consumer demands, enabling product developers to create foods and drinks with rich sensory experiences. This single ingredient enhances taste and texture and is also perceived positively on ingredient labels by consumers.
The food hydrocolloids market covered in this report is segmented –
1) By Type: Gelatin, Carrageenan, Xanthan Gum, Alginates, Agar, Pectin, Gum Arabic, Locust Bean Gum, Other Types
2) By Source: Plant, Animal, Microbial, Seaweed, Synthetic
3) By Application: Bakery And Confectionery, Meat And Poultry Products, Beverages, Dairy Products, Sauces And Dressing, Other Applications
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Regional Insights –
North America was the largest region in the food hydrocolloids market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food hydrocolloids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the food hydrocolloids market are Cargill Incorporated, Archer Daniels Midland Company, BASF SE, Kraft Foods Group Inc., DuPont de Nemours Inc., International Flavors & Fragrances Inc., Kerry Group plc, Ingredion Incorporated, Ashland Inc., CP Kelco ApS, Tate & Lyle PLC, Darling Ingredients Inc., Jungbunzlauer Suisse AG, Nexira, Palsgaard A/S, Meihua Holdings Group Co. Ltd., Ceamsa, Koninklijke DSM N.V., , W Hydrocolloids Inc., Tic Gums Inc., Polygal AG, Lucid Colloids Ltd., JM Huber Corporation, Deosen Biochemical (Ordos) Ltd., Hindustan Gum & Chemicals Ltd., UNIPEKTIN Ingredients AG
Table of Contents
1. Executive Summary
2. Food Hydrocolloids Market Characteristics
3. Food Hydrocolloids Market Trends And Strategies
4. Food Hydrocolloids Market – Macro Economic Scenario
5. Global Food Hydrocolloids Market Size and Growth
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32. Global Food Hydrocolloids Market Competitive Benchmarking
33. Global Food Hydrocolloids Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Food Hydrocolloids Market
35. Food Hydrocolloids Market Future Outlook and Potential Analysis
36. Appendix
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