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Hydrocolloids Market

Hydrocolloids Market Forecasts to 2028 - Global Analysis By Type (Xanthan gum, Pectin, Microcrystalline cellulose (MCC), Locust bean gum (LBG)), Source (Synthetic, Seaweed, Microbial) and By Geography

4.1 (23 reviews)
Published: September 2022 ID: SMRC21839
4.1 (23 reviews)
Published: September 2022 ID: SMRC21839

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Hydrocolloids Market is accounted for $11.18 billion in 2022 and is expected to reach $17.17 billion by 2028 growing at a CAGR of 7.4% during the forecast period. A heterogeneous group of polysaccharides that when dispersed in water, create a gel-like substance is mentioned to as a hydrocolloid. They are extracted from a variety of sources, including plants, microbes, animals, seaweed, and others, and have become extremely popular among many manufacturers around the world. Hydrocolloids that are generally used as thickening are starch, xanthan, guar gum, locust bean gum, gum karaya, gum tragacanth, gum Arabic and cellulose derivatives. The gelling type hydrocolloids are alginate, pectin, carrageenan, gelatin, gellan and agar.

According to the Population Reference Bureau (PRB), the global human population is expected to grow by 75 million annually or at 1.1% per year. With this, the world population is expected to reach 9.9 billion in 2050, an increase of 33% from an estimated 7.4 billion in 2017; whereas, by 2050, the number of older people is expected to be doubled. Considering the world’s growing population, the demand for food products is expected to rise. According to the report of Harvard Business Review, the food demand is expected to increase between 59% and 98% by 2050. The Food and Agriculture Organization forecast that in 2021, Asia produced about 156.06 million metric tonnes of beef. Additionally, it is forecasted that global beef consumption would climb by 12% by 2029, driving up the need for gelatin. A paradigm shift in favour of natural products because artificial chemicals used in cosmetics can irritate the skin and cause allergies and rashes. Since most consumers choose natural additives, gelatin, carrageenan, xanthan gum, and other ingredients were added because of their ability to thicken, gel, and bind water in a variety of cosmetics and personal care products. They are a perfect element for personal care products like body wash, toothpaste, lotions, and others because they are extremely compatible and chemically stable.

Market Dynamics:

Driver:

Growing depletion of ease foods

The increasing intake and demand for ease foods in a straight line impact the increased utilization of it in these products to improve shelf-life, quality, and other factors. It improves the thickness and develops the textural properties of numerous food products such as processed meat, gravies, and sauces. The processed food industry is influenced by the demand for ready-to-eat products, owing to the proactive lifestyles of the consumers. Consumers are willingly spending on such products as they are easily available and less time-consuming. Such factors have led to the increased incorporation of the product in processed foods by the manufacturers to suffice the growing demands.

Restraint:

Stringent government regulations and operational interruptions

Several government regulatory bodies are strictly observing the deployment of hydrocolloids in several food products. The regulatory bodies such as the European Parliament and Council, United States Food and Drug Administration (USFDA), World Health Organization (WHO), Food and Agriculture Organization Expert Committee on Food Additives, and others strictly regulate food safety. They control and set the guidelines on the amount of its direct or indirect utilization in food and beverages. The manufacturers were bound to clarify and declare that the raw materials used are inspected and safe for human consumption. Thus, receiving regulatory approval for new products becomes a long and expensive procedure that results in operational delays. This is likely to pose as a restraining factor in market growth.

Opportunity:

Growing popularity of clean-label additives

The exponential growth in the regular and clean-label food intake across the food and beverages industry owing to its rising awareness has influenced the demand for the market. Besides, this has led to the growing dependence on natural fibers and gums for functional properties, stability, safety, and quality of food products. Processed foods with nutritional and potential health benefits are witnessing a surge in demand owing to their additional sensory properties and convenience, which is expected to create ample opportunity for the market growth.

Threat:

High Cost

The price of the raw material fluctuates seasonally and it influences the manufactures at a higher level. In Spite of such barriers in the cost, the production has not been hampered in providing the best quality and quantity in the market. Directly or indirectly the usage of chemicals is done so their organizations are handling food and beverage processing. The food & beverage ingredient is really critical.

Impact of Covid- 19

The COVID-19 pandemic had an immense impact on the way of life across the world. From a business perspective, the fight is from both ends be it economy or health. This led to a forced recession in the manufacturing market. The pandemic and the eventual halt in the manufacturing activities had an impact on the supply obtainability of a range of renewable chemicals. Since the supply was restrained by certain manufacturers but the demand and supply have been increased that has stabilized the market. The driven areas on the market segment have changed the food habits and eating practices of the consumers and have uplifted the market during the pandemic as well.

The Food & Beverage segment is expected to be the largest during the forecast period

The Food & Beverage segment is expected to be the largest during the forecast period, Food and beverage manufacturers mainly employ hydrocolloids owing to their ability to alter the rheology of food systems including mechanical solid property (texture) and flow behavior (viscosity). The alteration of viscosity and/or texture of food help modify the sensory properties and therefore, hydrocolloids are considerably used as food additives to execute specific purposes.

The Seaweed hydrocolloids segment is expected to have the highest CAGR during the forecast period

The Seaweed hydrocolloids segment is expected to have the highest CAGR during the forecast period, owing to growing seaweed consumption as food extract, bio-refining and medicinal use may drive industry growth. Increasing consumer awareness accompanied with rising application scope in pharmaceutical and food sectors may fuel product demand.

Region with highest share:

North America is projected to hold the largest market share during the forecast period. The growth attributed to the growing processed food consumption owing to changing lifestyles and dietary routine may drive regional industry growth. Moreover, growing consumer preference toward natural food products along with increasing demand from personal care & cosmetics sector is another factor driving the market growth. The U.S., followed by Canada, emerged as the leading regional market. Additionally, the market growth in these countries can be attributed to the existence of a well-developed agricultural sector owing to the abundant availability of natural resources including diverse plants, freshwater, and marine & animal life.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period. As, positive indicator towards oil & gas and food & beverage industry owing to growing investments and rising economic standards is likely to drive regional growth. Growing consumption of carboxymethyl cellulose in processed food products along with increasing textiles and the construction sector is predictable to fuel the regional product demand. China is expected to remain a major consumer owing to rising demand for food and beverage products, Huge population along with abundant availability of raw material is projected to drive the regional market growth.

Key players in the market

Some of the key players profiled in the Hydrocolloids Market include Archer Daniels Midland Company, Ashland, Cargill, Incorporated, DSM, Brenntag AG, Glanbia plc, Ingredion Incorporated, Tate and Lyle PLC, Nexira, TIC Gums, Inc.

Key Developments:

In February 2021: Tate & Lyle PLC launched Tate & Lyle Nutrition Centre, a new digital hub providing easy access to authoritative science on ingredients that can help address public health challenges. The hub houses expert insights, research and educational tools for food and beverage companies, scientists, and health professionals.

In September 2021: Cargill, Incorporated announced the opening of its new, cutting-edge pectin production facility, located in Bebedouro, Brazil. The plant, which represents a USD 150 million investment, significantly expands the company’s ability to meet growing global demand for the label-friendly texturizing ingredient. It will produce a full range of Cargill, Incorporated’s HM pectins, significantly increasing the company’s pectin supply and expanding production presence to two continents: South America and Europe.

Types Covered:
• Xanthan gum
• Pectin
• Microcrystalline cellulose (MCC)
• Locust bean gum (LBG)
• Gum Arabic
• Guar gum
• Gelatin
• Carrageenan
• Carboxymethyl cellulose (CMC)
• Alginates
• Agar

Sources Covered:
• Synthetic
• Seaweed
• Microbial
• Botanical
• Animal

Functions Covered:
• Stabilizers
• Thickening
• Fat replacers
• Coating materials
• Others functions

Forms Covered:
• Gel
• Powder

Applications Covered:
• Food & Beverage
• Personal Care Products
• Pharmaceuticals
• Bakery
• Confectionery
• Meat & Poultry
• Dairy and Frozen Products
• Sauces and Dressings
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Hydrocolloids Market, By Type
5.1 Introduction
5.2 Xanthan gum
5.3 Pectin
5.4 Microcrystalline cellulose (MCC)
5.5 Locust bean gum (LBG)
5.6 Gum Arabic
5.7 Guar gum
5.8 Gelatin
5.9 Carrageenan
5.10 Carboxymethyl cellulose (CMC)
5.11 Alginates
5.12 Agar

6 Global Hydrocolloids Market, By Source
6.1 Introduction
6.2 Synthetic
6.3 Seaweed
6.4 Microbial
6.5 Botanical
6.6 Animal

7 Global Hydrocolloids Market, By Function
7.1 Introduction
7.2 Stabilizers
7.3 Thickening
7.4 Fat replacers
7.5 Coating materials
7.6 Others functions
7.6.1 Moisture-Binding Agents
7.6.2 Emulsifier

8 Global Hydrocolloids Market, By Form
8.1 Introduction
8.2 Gel
8.3 Powder

9 Global Hydrocolloids Market, By Application
9.1 Introduction
9.2 Food & Beverage
9.3 Personal Care Products
9.4 Pharmaceuticals
9.5 Bakery
9.6 Confectionery
9.7 Meat & Poultry
9.8 Dairy and Frozen Products
9.9 Sauces and Dressings
9.10 Other Applications
9.10.1 Medical
9.10.2 Cosmetics

10 Global Hydrocolloids Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 Archer Daniels Midland Company
12.2 Ashland
12.3 Cargill, Incorporated
12.4 DSM
12.5 Brenntag AG
12.6 Glanbia plc
12.7 Ingredion Incorporated
12.8 Tate and Lyle PLC
12.9 Nexira
12.10 TIC Gums, Inc.

List of Tables
1 Global Hydrocolloids Market Outlook, By Region (2020-2028) (US $MN)
2 Global Hydrocolloids Market Outlook, By Type (2020-2028) (US $MN)
3 Global Hydrocolloids Market Outlook, By Xanthan gum (2020-2028) (US $MN)
4 Global Hydrocolloids Market Outlook, By Pectin (2020-2028) (US $MN)
5 Global Hydrocolloids Market Outlook, By Microcrystalline cellulose (MCC) (2020-2028) (US $MN)
6 Global Hydrocolloids Market Outlook, By Locust bean gum (LBG) (2020-2028) (US $MN)
7 Global Hydrocolloids Market Outlook, By Gum Arabic (2020-2028) (US $MN)
8 Global Hydrocolloids Market Outlook, By Guar gum (2020-2028) (US $MN)
9 Global Hydrocolloids Market Outlook, By Gelatin (2020-2028) (US $MN)
10 Global Hydrocolloids Market Outlook, By Carrageenan (2020-2028) (US $MN)
11 Global Hydrocolloids Market Outlook, By Carboxymethyl cellulose (CMC) (2020-2028) (US $MN)
12 Global Hydrocolloids Market Outlook, By Alginates (2020-2028) (US $MN)
13 Global Hydrocolloids Market Outlook, By Agar (2020-2028) (US $MN)
14 Global Hydrocolloids Market Outlook, By Source (2020-2028) (US $MN)
15 Global Hydrocolloids Market Outlook, By Synthetic (2020-2028) (US $MN)
16 Global Hydrocolloids Market Outlook, By Seaweed (2020-2028) (US $MN)
17 Global Hydrocolloids Market Outlook, By Microbial (2020-2028) (US $MN)
18 Global Hydrocolloids Market Outlook, By Botanical (2020-2028) (US $MN)
19 Global Hydrocolloids Market Outlook, By Animal (2020-2028) (US $MN)
20 Global Hydrocolloids Market Outlook, By Function (2020-2028) (US $MN)
21 Global Hydrocolloids Market Outlook, By Stabilizers (2020-2028) (US $MN)
22 Global Hydrocolloids Market Outlook, By Thickening (2020-2028) (US $MN)
23 Global Hydrocolloids Market Outlook, By Fat replacers (2020-2028) (US $MN)
24 Global Hydrocolloids Market Outlook, By Coating materials (2020-2028) (US $MN)
25 Global Hydrocolloids Market Outlook, By Others functions (2020-2028) (US $MN)
26 Global Hydrocolloids Market Outlook, By Moisture-Binding Agents (2020-2028) (US $MN)
27 Global Hydrocolloids Market Outlook, By Emulsifier (2020-2028) (US $MN)
28 Global Hydrocolloids Market Outlook, By Form (2020-2028) (US $MN)
29 Global Hydrocolloids Market Outlook, By Gel (2020-2028) (US $MN)
30 Global Hydrocolloids Market Outlook, By Powder (2020-2028) (US $MN)
31 Global Hydrocolloids Market Outlook, By Application (2020-2028) (US $MN)
32 Global Hydrocolloids Market Outlook, By Food & Beverage (2020-2028) (US $MN)
33 Global Hydrocolloids Market Outlook, By Personal Care Products (2020-2028) (US $MN)
34 Global Hydrocolloids Market Outlook, By Pharmaceuticals (2020-2028) (US $MN)
35 Global Hydrocolloids Market Outlook, By Bakery (2020-2028) (US $MN)
36 Global Hydrocolloids Market Outlook, By Confectionery (2020-2028) (US $MN)
37 Global Hydrocolloids Market Outlook, By Meat & Poultry (2020-2028) (US $MN)
38 Global Hydrocolloids Market Outlook, By Dairy and Frozen Products (2020-2028) (US $MN)
39 Global Hydrocolloids Market Outlook, By Sauces and Dressings (2020-2028) (US $MN)
40 Global Hydrocolloids Market Outlook, By Other Applications (2020-2028) (US $MN)
41 Global Hydrocolloids Market Outlook, By Medical (2020-2028) (US $MN)
42 Global Hydrocolloids Market Outlook, By Cosmetics (2020-2028) (US $MN)

Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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