Food Hydrocolloids Market

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

Food Hydrocolloids Market size is expected to increase with a CAGR of 5.6% forecast period from 2023 to 2028, reaching USD 11.48  billion by 2028, compared to USD 8.22 billion in 2023.

Food Hydrocolloids Market Overview

The colloidal system is defined as a chemical system composed of finely divided particles dispersed in a continuous medium. Hydrocolloids are these systems of long-chain colloidal polymers that are formed by fine particles dispersed in water. Depending on the amount of medium, that is, water, these hydrocolloids exist in the form of gels or soils. In addition, these also find applications in the pharmaceutical and cosmetic industries. As an ingredient in food and beverages, these can be used as thickeners, gelling agents, emulsifiers, and stabilizers, among other applications. Food hydrocolloids can be obtained from natural sources such as plants, animals, and microbial sources or can be synthesized artificially. The world market for food hydrocolloids is expected to grow steadily during the forecast period.

Recent Development in Food Hydrocolloids Industry:

1. The 2018 impact factor for food hydrocolloids is 5,839, which has just been updated in 2019. Compared to historical data on the impact factor, the 2018 impact factor for food hydrocolloids increased by 14.74%.

2. Ingredion invested $ 60 million to build its Asia-Pacific specialty food ingredient business. This investment has helped the company develop its activities in the Asia-Pacific region.

3. Tate & Lyle extended its food applications in Mexico City to assist makers to generate products to meet the healthier and tastier food preferences of consumers.

4. In October 2018, Nexira signed a partnership agreement with Synthite Industries (India) to produce acacia gum at the Synthite manufacturing plant near Coimbatore, Tamil Nadu (India).

5. Cargill launched the Satiagel ADG 0220 Seabird, a new type of carrageenan extract, which is derived from 100% cultured seaweed that provides premium texture solutions.

Hydrocolloids Market Drivers:

The factors that drive the demand for food hydrocolloids are their multi-functionality, increased health awareness, and growing demand for baked goods and confectionery products.

The growing focus on R&D activities related to the manufacture of convenient and highly functional foods has stimulated growth in the market for food hydrocolloids. With rapidly changing lifestyles, the culinary space is undergoing a significant transformation, which requires the need for foods that are easy to cook and ready to eat. This can be attributed to the increasing complexity of consumer dynamics due to professional and personal commitments, which does not allow them enough time to cook regularly. Besides, aggressive technological advances in cooking and food production are also leading to progress in the global food hydrocolloid market.

Hydrocolloids Market Restraints:

In addition, the acceleration of the tandem population with the growing demand for a variety of foods in the packaged and freshly prepared form will likely support significant gains in the global food hydrocolloid market. Since underdeveloped economies with a partially developed food industry have strict rules and regulations imposed by the government associated with the use of food hydrocolloids, the food hydrocolloid market continues to experience slow growth in these regions. Also, the availability of food hydrocolloid adhesives is low in remote areas, making it difficult to expand the global business for food hydrocolloids. To capitalize on the lack of availability in remote regions, several manufacturers plan to regulate the production of food hydrocolloids, which should compensate for most of the threats that hinder the market of food hydrocolloids at a certain level. Besides, emerging economies seek to obtain natural dietary hydrocolloids. For example, the Farmer Fertilizer Cooperative of India (IFFCO) has signed an agreement with Sikkim, the country's first biological state, to manufacture hydrocolloids from algae biomass. However, strict regulations for the use of food stabilizers are anticipated to hamper the growth of the global food hydrocolloid market during the forecast period.

REPORT COVERAGE:

Impact of COVID-19 on Food Hydrocolloids Market:

COVID-19 pandemic had a huge impact on almost all sectors, in particular, the food & beverage segment. Also, all the industries associated with the food industry have witnessed an adverse effect. The lockdown in different nations and the shutdown of manufacturing facilities has resulted in a decline of revenue, which is suspected of taking a long time to recover. The growing consumer awareness to consume homemade foods is expected to keep them away from outside foods, which will influence the target market to some extent.

Food Hydrocolloids Market Regional Insights:

• North America

• Asia Pacific 

• Latin America

• Middle East and Africa

North America currently has supremacy in the world market for food hydrocolloids. The North American regional market is supposed to grow at a compound annual rate of 4.0% between 2019 and 2025. Rising at this rate, the region is likely to earn significantly in terms of revenue by the end of 2025. Asia-Pacific is projected to record a 3.6% CAGR between 2019 and 2025.

The highest concentration of product manufacturers in developing countries in Asia-Pacific is one of the critical factors in the growth of this region. The increasing population of the working class in the area, which is increasingly adopting prepared meals to adapt to their busy lifestyles, shows demand for functional ingredients that are used in these foods.

Therefore, the market for food hydrocolloids is favored. Latin America, the Middle East, and Africa are foreseen to follow Europe in terms of growth rates during the forecast period.

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

Food Hydrocolloids Market key companies:

1. Cargill Incorporated

2. CP Kelco US Inc.

3. DuPont

4. DSM Group

5. Archer Daniels Midland Company

6. Ashland Global Holdings Inc.

7. Behn Meyer Holding AG

8. J.F. Hydrocolloids Inc.