The global food hydrocolloids market is poised for substantial growth, with a projected valuation of USD 8.7 billion in 2022, expected to accelerate at a CAGR of 5.2% and reach USD 14.5 billion by 2032. Food hydrocolloids, accounting for approximately 10% of the global food additives market, are witnessing increased demand attributed to their multi-functionality, rising health consciousness among consumers, and expanding usage in bakery and confectionery items. Key players in the market are prioritizing research and development efforts to innovate new products and cater to the growing demand for processed and convenience foods.
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The demand for food hydrocolloids is being driven by several factors, including:
- Food hydrocolloids offer versatile functionalities and are increasingly preferred by health-conscious consumers seeking natural food additives.
- The growing demand for bakery and confectionery products is fueling the consumption of food hydrocolloids, which aid in texture improvement, moisture retention, and shelf-life extension.
- The trend towards clean labeling and natural ingredients is influencing manufacturers to procure food components produced under ideal conditions, thereby boosting the demand for food hydrocolloids.
- The expansion of the dairy industry, particularly in regions like China, is driving the demand for food hydrocolloids used for thickening and stabilizing dairy products.
Key factors contributing to the growth of the food hydrocolloids market include:
- Continued investment in research and development activities to develop innovative products and address evolving consumer preferences is driving market growth.
- Increasing consumer preference for clean-label products and natural ingredients is fueling the demand for food hydrocolloids sourced from natural and sustainable raw materials.
- The expanding application of food hydrocolloids across various end-use industries, including bakery, confectionery, dairy, and beverages, is driving market expansion.
- Region-specific factors, such as the burgeoning dairy industry in China and the growing consumption of calorie-dense food products in the USA, are contributing to market growth in respective regions.
Key Takeaways – Food Hydrocolloids Market
- According to recent studies, natural ingredient goods are projected to gain immense popularity among various manufacturers and end users all over the world. As a result of this trend, a surging number of businesses are concentrating their efforts on obtaining food components and raw materials under ideal circumstances.
- Attributing to the stringent regulations, they have assisted to decrease the environmental impact of production. Dominant companies in the global food hydrocolloids market are adopting strict procedures and various clean-label trends. This comprises operations including sorting, cleaning, and grading, in which the processing company has strictly followed various extraction standards and hygiene regulations.
- Food hydrocolloids are excessively utilized in bakeries and confectionaries in order to keep the food fresh even during its frozen condition in order to prevent staling. These chemicals are utilized for storage purposes by increasing water retention capacity and preventing ice crystal formation during frozen storage. Furthermore, the food hydrocolloids have no effect on the flavor or fragrance of the baked or confectionery products, in addition to having a low-fat content.
- Xanthum gum is known as a bacterial hydrocolloid formed with the fermentation of carbohydrates by the bacterium Xanthomonas Campestris. As a result, the demand for xanthan gum is increasing due to its low-cost alternative to guar gum in a variety of food applications such as salad dressings, non-fat milk, sauces, and others.
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Competitive Landscape – Food Hydrocolloids Market
The global market for food hydrocolloids is consolidated and combined with various prominent global manufacturers present. The products which are popularly surging with clean-label ingredients are responsible for a large increase in global demand. In order to broaden their portfolios and fulfill market demands, various multinational organizations in the industry are focusing on new product launches and strategic expansions.
- Cargill Incorporated
- CP Kelo US Inc.
- Koninklijke DSM N.V.
- Archer Daniels Midland Company
- Fuerst Day Lawson
- Ingredion Incorporated
- Rico Carrageenan
- Ashland Inc.
- Hispanagar, S.A
- Kerry Group plc
More Insights into the Food Hydrocolloids Market
The Asia Pacific market is expected to dominate the global food hydrocolloids market as it is considered one of the fastest-growing markets with China possessing for lion’s share, according to FMI estimations. China is known as a prominent producer and user of food hydrocolloids, with a diverse range of industries including personal care, food, and beverage, gas, and oil, among others. In addition to that, China is also known as one of the world’s largest producers of seaweed hydrocolloids. Due to its increased usage in the production of dairy-based items such as yogurt, burgeoning demand for food hydrocolloids in the dairy industry is extensively used for thickening and stabilizing will boost the market.
Growth in the U.S. food hydrocolloids market is bolstered by surging demand for chemicals in order to curb the utilization of oil and fat in food products. Food hydrocolloids act as an oil and fat barrier in fried dishes.
Food Hydrocolloids Market by Category
By Type:
- Gelatin
- Carrageenan
- Xanthan Gum
- Alginates
- Agar
- Pectin
- Gum Arabic
- Locust Bean Gum
- Other Types
By Application:
- Bakery and Confectionery
- Meat and Poultry Products
- Beverages
- Dairy Products
- Sauces and Dressing
- Other Applications
By Source:
- Plant
- Animal
- Microbial
- Seaweed
- Synthetic
By Function:
- Thickener
- Stabilizer
- Coating Material
- Fat Replacer
- Gelling Agent
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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