Hydrocolloids Market Demand, Global Industry Share, COVID-19 Analysis and Growth 2024
Hydrocolloids Market Definition:
Hydrocolloids are substances which tend to form gel in the
presence of water. They are mostly used for gelling, stabilizing, thickening,
coating, and emulsifying purposes. Hydrocolloids are widely used in extending
the shelf life and enhancing the stability of food and beverage products.
Hydrocolloids help in reduction of sugar and salt content in food and beverage
products without altering the physical properties of the products. Commonly
used hydrocolloids in food and beverage industries are gelatin, alginates,
xanthan gum, pectin, guar gum, carrageenan, and carboxymethyl cellulose (CMC).
Market Research Future (MRFR) has published a report about the
global hydrocolloids industry that predicts growth for this
market between 2017 and 2023. As an additive, the hydrocolloid is useful for
food processing and for improving the quality as well as the shelf life of food
products.
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Hydrocolloids Market Scenario and Key Restraints:
The key factors that elevate the global COVID-19 analysis on hydrocolloids
market value are their
increasing use in the food & beverages industry for several purposes and
their demand in the medical & cosmetics industry. Other factors enabling
the market growth include growing demand for healthy, natural & nutritious
food products, improved distribution networks in developing countries, and increased
focus on research and development (R&D) that is yielding innovative results
in a diverse set of applications in several product categories.
The shifting inclinations of consumers towards improved lifestyle,
the demand for nutritive ingredients such as hydrocolloids has grown in the
recent years. Also, the intensified use of hydrocolloids in functional
food owing to reduction of diseases such as obesity, diabetes, and other
diseases has uplifted the demand for hydrocolloids. Hydrocolloids such as gelatin,
xanthan gum, pectin, carrageenan, and CMC have a wide range product
applicability which includes: dairy and frozen desserts, bakery and
confectionary, snacks, beverages and others. Moreover, rising demand for
natural gelling-agent, thickeners and stabilizers in food and beverage industry
is projected to drive the growth of hydrocolloids market over the
review period.
Hydrocolloids Market Key Players:
The key players in the global hydrocolloids market
share include Ashland Global Holdings Inc. (USA), Cargill Inc. (USA), CP
Kelco (USA), Darling Ingredients Inc. (USA), Dow Chemical Company (USA), E. I.
du Pont de Nemours & Company (USA), Ingredion Incorporated (USA), Kerry
Group Plc. (Ireland), and Koninklijke DSM N.V. (Netherlands).
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