The global hydrocolloids market was valued at USD 9.07 billion in 2019 and is anticipated to expand from USD 17.55 billion in 2020 to nearly USD 13.30 billion by 2032, registering a compound annual growth rate (CAGR) of 5.36% over the forecast period. In 2019, the Asia Pacific region emerged as the market leader, accounting for 37.93% of the global share. The U.S. is expected to witness notable growth as well, with the market projected to reach approximately USD 2.50 billion by 2032, fueled by increasing application in food manufacturing.
The projected growth rate suggests a recovery phase and sustained development following the temporary setbacks caused by the COVID-19 pandemic, which had suppressed global demand.
Hydrocolloids are polysaccharides known for forming gel-like substances when mixed with water. Extracted from natural origins such as seaweed, plants, microorganisms, and animals, these compounds are essential in food and beverage, pharmaceutical, and cosmetic industries for their stabilizing, thickening, and gelling properties. With the rise in demand for ready-to-eat and processed food items, hydrocolloids are seeing wider adoption, supporting ongoing market growth.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/hydrocolloids-market-100552
Report Highlights
This study delivers a thorough qualitative and quantitative examination of the hydrocolloids market, pinpointing key growth drivers and challenges. Regional breakdowns offer insights into the geographical contributions to the industry. The report also evaluates competitive strategies, including innovation, mergers, and strategic collaborations. Analytical frameworks like Porter’s Five Forces are used to assess market dynamics from 2020 to 2027.
Market Drivers
Rising Demand for Convenient and Healthy Food Alternatives
The increasing inclination toward natural food ingredients is accelerating hydrocolloid adoption. Consumers are actively seeking clean-label, health-oriented food products, which is enhancing the appeal of hydrocolloids due to their nutritional functionality. Additionally, growing awareness of the health risks associated with high-fat diets is pushing consumers to opt for more balanced, functional food alternatives—driving market expansion.
Market Segmentation
Food and Beverage Segment to Maintain Dominance
Hydrocolloids are expected to remain most widely used in the food and beverage industry. This is largely attributed to the increasing global preference for wholesome, natural foods, where hydrocolloids serve as essential functional ingredients.
Regional Insights
Asia Pacific to Continue Leading Position with Expanding Manufacturing Activity
Asia Pacific is projected to retain its dominance throughout the forecast period, backed by robust industrial growth in nations such as China, India, Indonesia, and Thailand. In 2019, the region accounted for USD 3.44 billion in market value.
Meanwhile, North America is forecasted to grow at a strong pace, driven by increasing demand for fortified and convenient foods, which is likely to boost hydrocolloid usage from 2020 to 2027.
Competitive Landscape
Key Players Focus on Capacity Expansion and Innovation
The hydrocolloids market is moderately consolidated, with major players emphasizing enhanced production capabilities and innovative product development to meet surging global demand. Common strategic approaches include acquisitions, partnerships, and the launch of new product lines aimed at expanding customer reach and market presence.
Prominent Companies in the Global Hydrocolloids Market:
- Kerry Group plc (Tralee, Ireland)
- Koninklijke DSM N.V. (Heerlen, Netherlands)
- Cargill, Incorporated (Minnesota, United States)
- Archer-Daniels-Midland Company (Illinois, United States)
- DuPont de Nemours, Inc. (Delaware, United States)
- Ashland Global Holdings Inc. (Delaware, United States)
- M. Huber Corporation (New Jersey, United States)
- W Hydrocolloids, Inc. (Philippines)
- Ingredion, Incorporated (Illinois, United States)
- Tate & Lyle plc (London, United Kingdom)
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Recent Industry Development
November 2018 – CP Kelco, a business unit of J.M. Huber Corporation, announced a 15% increase in pectin production at its Denmark-based facility. This expansion was implemented to cater to the rising demand for clean-label functional ingredients and to reinforce the company’s global market position.
