North America Food Hydrocolloids Market

North America Food Hydrocolloids Market Size, Share, Growth (2023-2028)

North America Food Hydrocolloids Market is expected at USD xx.xx million in 2023 and is anticipated to extent an over of USD xx.xx million by 2028.

North America Food Hydrocolloids Market Overview:

Hydrocolloids are used in the food industry because of their ability to modify the rheology of the system in which they are added. Furthermore, food hydrocolloids are used as ingredients in the food and beverage industry. Some of its uses include emulsifying agents, thickening agents, gelling agents, and many more. Apart from the food and beverage industry, they find applications in the cosmetic and pharmaceutical industries. Dietary hydrocolloids can be obtained from plants, animals, and microbes. They can also be synthesized through a chemical reaction. Therefore, dietary hydrocolloids have both natural and artificial sources.

Recent Developments

• Ingredion Inc. has announced plans to invest $ 60 million to expand its specialty food ingredients business in Asia-Pacific. Planned capital investment projects include a 20% expansion of modified tapioca food starch capacity in Thailand and upgrading of wastewater treatment facilities; more than double the capacity and increased regulatory standards of the rice starch and specialty rice flour business in Thailand; and the completion of a 30% expansion of modified food starch capacity and improvement of corn wet milling capacity in China. The company operates four manufacturing plants in Thailand and three manufacturing plants in China.

• W Hydrocolloids, Inc. (WHI), a pioneer in the Philippine algae industry and a global leader in food systems and ingredient innovation under the Rico Carrageenan brand, acquired the Kerry Food Ingredients Cebu Inc. ( Kerry) located in Barangay Tabok, Mandaue City, Cebu, central Philippines. WHI has acquired 100% of the assets used to process carrageenan chips from local algae.

North America Food Hydrocolloids Market Drivers and Restraints:

The increasing focus on research and development activities associated with the manufacture of ready-to-eat foods is primarily responsible for the growth of the global market for dietary hydrocolloids. With changing lifestyles, the culinary industry is undergoing a rapid transformation, thus appealing to the need for ready-to-eat and easy-to-prepare foods. Furthermore, there have been rampant technological advances in terms of food production, which also pushed the market to experience impressive progress. Gellan gum is an important hydrocolloid in the food industry and is widely used as a food additive in health foods due to its high protein and amino acid content. The hydrocolloid nature of gellan gum has many applications in confectionery products (to impart chewiness, texture and foam stabilization), gummy desserts (for creaminess, fat reduction and mouthfeel), dairy products (for stabilization and texture) and meat products. Due to high prices, gellan gum has grown slowly in recent years. In the US market, gellan gum competes with inexpensive xanthan gum and therefore grows slowly.

North America Food Hydrocolloids Market Segmentation:

Based on Application:

• Bakery & Confectionery

• Meat & Poultry Products

• Beverages

• Sauces & Dressing

• Dairy Products

• Function

• Thickener

• Stabilizer

• Coating Material

• Fat Replacer

• Gelling Agent

Based on By Source:

• Plant

• Animal

• Microbial

• Seaweed

• Synthetic

Based on Type:

• Carrageenan

• Gelatine

• Xanthan Gum

• Alginates

• Agar

• Pectin

• Locust Bean Gum

• Gum Arabic

 Impact of COVID-19 on North America Food Hydrocolloids Market

In May 2021, the United States, India, Brazil, Russia, Spain, France, the United Kingdom, Turkey and Italy were among the most affected countries in terms of confirmed cases and reported deaths. COVID-19 is affecting economies and various industries in different countries due to road blocks, travel bans, and business closures. In addition, it interrupted the transportation system and the supply of raw materials. The disruptive value chain has negatively impacted the supply of raw materials, which in turn affects the growth of the hydrocolloids market. However, as economies plan to restart operations, demand for hydrocolloids is expected to increase globally and consumers will purchase food products through online retailers. Some of the safety measures that companies follow include limiting direct contact with the delivery person and visitors, strengthening and communicating good hygiene practices, achieving complete sanitation, and eliminating contact with staff during shift changes.

Regional Analysis:

• United States

• Canada

• Mexico

Key Players

The North America Food Hydrocolloids Market is concentrated with well-established players. Key players in the North America Food Hydrocolloids Market include

• Cargill Incorporated

• CP Kelco US Inc.

• DuPont

• DSM Group

• Archer Daniels Midland Company

• Ashland Global Holdings Inc.

• Behn Meyer Holding AG

• J.F. Hydrocolloids Inc