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What Are The Current and Projected Market Sizes for the Global Hydrocolloids Market?
The hydrocolloids market size has demonstrated strong growth in recent years and will grow from $12.98 billion in 2024 to $14.07 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.4%. This growth is propelled by the rising demand for functional foods, expansion in the pharmaceutical sector, increased demand for personal care products, the surge in e-commerce, and emerging markets.
The hydrocolloids market size is projected to exhibit robust growth in the next few years, reaching $19.92 billion in 2029 at a CAGR of 9.1%. This growth can be attributed to an uptick in demand for processed foods, an increased interest in clean label and natural ingredients, a rise in online food delivery, global population growth, and increased disposable income.
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What Is Propelling the Growth of the Hydrocolloids Market?
The increase in nutritionally aware consumers is a key factor driving the growth of the hydrocolloids market. Hydrocolloids, utilized as functional food ingredients, offer significant nutritional benefits, thereby presenting an opportunity to tailor nutritional value and provide potential health benefits.
How Is the Hydrocolloids Market Structured?
The hydrocolloids market is segmented as follows:
1) By Type: Carrageenan, Guar Gum, Gelatin, Pectin, Microcrystalline Cellulose, Other Types
2) By Function: Thickening, Gelling, Stabilizing, Other Functions
3) By Source: Botanical, Microbial, Animal, Seaweed, Synthetic
4) By Application: Food And Beverage, Pharmaceutical, Personal Care Products, Other Applications
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What Companies Are Playing Major Roles in the Hydrocolloids Market?
Major companies operating in the hydrocolloids market include Archer-Daniels-Midland Company, Ashland Global Holdings Inc., Cargill Incorporated, CP Kelco US Inc., Darling Ingredients Inc., DuPont de Nemours Inc., Hispanagar S.A., Ingredion Incorporated, Kerry Group plc, Koninklijke DSM N.V., and others.
How Is The Hydrocolloids Market Evolving?
In the hydrocolloids market, the rising popularity of gellan gum, a water-soluble polysaccharide and multifunctional hydrocolloid, serves as a key trend. Gellan gum has an extensive range of uses, including improving food texture and is notably used in products like GELLANEER, a high-performance gelling agent.
Which Regions Are Leading and Emerging in the Hydrocolloids Market?
In 2024, North America held the majority share in the hydrocolloids market, with Asia-Pacific predicted to be the fastest-growing region in the forecast period.
What Insights Does the Hydrocolloids Market Provide?
Hydrocolloids refer to substances that form gels in the presence of water. These high-molecular-weight polysaccharides are derived from plants and algae or synthesized by bacteria.
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