Food Hydrocolloids Market Report 2024

The food hydrocolloids market size has grown strongly in recent years. It will grow from $3.97 billion in 2023 to $4.21 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth observed in the historical period can be credited to the rising popularity of natural foods, increasing demand for processed and convenient foods, heightened consumption of fruit-infused beverages, and a growing preference for natural and clean-label ingredients.

The food hydrocolloids market size is expected to see strong growth in the next few years. It will grow to $5.35 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The anticipated growth stems from the rising consumption of functional foods, growing preference for vegan products, increased demand for bakery items, higher adoption of ready-to-eat meals, and an uptick in consumer disposable incomes. Key trends in the forecast period include innovations in hydrocolloid development, the introduction of label-friendly food powders, product advancements, plant-based constructions, and the evolution of food manufacturing practices.

The increasing consumer demand for processed foods is set to drive growth in the food hydrocolloids market. Processed foods undergo modifications such as canning, cooking, freezing, or ingredient additions to enhance flavor, prolong shelf life, or offer convenience. This demand stems from modern lifestyles that prioritize convenience, longer storage capability, and quick meal preparation options, bolstered by the widespread availability and promotion of these products. Food hydrocolloids play a crucial role in improving the texture, stability, and shelf life of processed foods. They facilitate fat and calorie reduction while enhancing nutritional content, thus supporting the production of ready-to-eat foods that meet the preferences of today's consumers. For instance, in 2023, the US Department of Agriculture reported a 1.7% increase in the total value of US processed food exports, underscoring the growing significance of processed foods in propelling the food hydrocolloids market forward.

Leading companies in the food hydrocolloids sector are focusing on innovation, such as the development of products such as seaweed powder, to maintain a competitive edge. Seaweed powder, derived from dried and ground seaweed varieties such as nori, kelp, dulse, and wakame, serves as a versatile and nutritious food ingredient with valuable hydrocolloid properties. For example, in February 2021, Cargill introduced Cargill Seagreens, a seaweed powder that enhances the texture, mouthfeel, and nutritional profile of various food and beverage applications including dairy, bakery, and plant-based products. Rich in essential vitamins, minerals, and antioxidants, Seagreens powder meets consumer preferences for clean-label and functional food solutions. Its multifaceted benefits allow product developers to create sensory-rich foods that resonate positively with consumers both in taste and nutritional value.

In August 2022, Nexira, a France-based provider of natural ingredients and botanical extracts for food applications, completed the acquisition of UNIPEKTIN Ingredients AG for an undisclosed sum. This strategic acquisition allowed Nexira to broaden its portfolio of functional and nutritional solutions, particularly in texturizing and gelling agents for food products. UNIPEKTIN Ingredients AG, headquartered in Switzerland, specializes in the manufacturing of food hydrocolloids, complementing Nexira's capabilities in the food ingredient sector.

Major companies operating in the food hydrocolloids market are Cargill Incorporated, Archer Daniels Midland Company, BASF SE, Kraft Foods Group Inc., DuPont de Nemours Inc., International Flavors & Fragrances Inc., Kerry Group plc, Ingredion Incorporated, Ashland Inc., CP Kelco ApS, Tate & Lyle PLC, Darling Ingredients Inc., Jungbunzlauer Suisse AG, Nexira, Palsgaard A/S, Meihua Holdings Group Co. Ltd., Ceamsa, Koninklijke DSM N.V., W Hydrocolloids Inc., Tic Gums Inc., Polygal AG, Lucid Colloids Ltd., JM Huber Corporation, Deosen Biochemical (Ordos) Ltd., Hindustan Gum & Chemicals Ltd., UNIPEKTIN Ingredients AG.

North America was the largest region in the food hydrocolloids market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food hydrocolloids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the food hydrocolloids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Food hydrocolloids encompass a wide range of long-chain polymers that, when dispersed in water, can form gels or thickeners. These substances play a crucial role in the food industry by altering the texture, stability, and appearance of food products.

The primary types of food hydrocolloids include gelatin, carrageenan, xanthan gum, alginates, agar, pectin, gum arabic, locust bean gum, and others. Gelatin, for instance, is derived from collagen that undergoes partial hydrolysis and is sourced from animal skin, bones, and connective tissues. These hydrocolloids come from various sources such as plants, animals, microbes, seaweeds, and synthetics, and find application across a broad spectrum including bakery and confectionery, meat and poultry products, beverages, dairy products, sauces and dressings, among others.

The food hydrocolloids market research report is one of a series of new reports that provides food hydrocolloids market statistics, including food hydrocolloids industry global market size, regional shares, competitors with a food hydrocolloids market share, detailed food hydrocolloids market segments, market trends, and opportunities, and any further data you may need to thrive in the food hydrocolloids industry. This food hydrocolloids market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The food hydrocolloids market consists of sales of thickeners, gelling agents, stabilizers, emulsifiers, and moisture retainers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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