According to the global hydrocolloids market report by IMARC Group, the market reached a value of US$ 10.75 Billion in 2021, and it is projected to reach a value of US$ 14.8 Billion by 2027, exhibiting a CAGR of 5.25% during 2022-2027.
Hydrocolloids represent hydrophilic polymers, which form a colloidal dispersion in water. They are extracted from animals, plants, seaweeds, etc., and can be categorized into several types, such as gelatin, pectin, carrageenan, agar, alginates, carboxy methyl, guar gum, etc.
Hydrocolloids improve the textural properties of beverages, bakery products, seafood, dairy, frozen food, confectionery, oils, etc., and act as thickeners, stabilizers, water retention agents, emulsifiers, and gel-forming agents. They even provide a moist and insulating healing environment that reduces skin inflammation, protects uninfected wounds, treats acne blemishes, etc. As a result, hydrocolloids find widespread applications across numerous sectors, including food and beverage (F&B), personal care, cosmetics, pharmaceutical, etc.
The increasing product use as gelling and thickening agents in gravies, jams, soups, jellies, and marmalade and to manufacture convenience food items for enhancing their shelf-life, improve consistency, and control the microstructure, flavor, and texture is among the key factors driving the hydrocolloids market. In addition to this, the growing demand from the cosmetics and personal care segment to produce lotions, toothpaste, deodorants, sunscreens, etc., owing to their water-binding and viscosity-controlling properties, is also positively influencing the market growth.
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Besides this, the elevating employment of microwave or ultrasound-assisted extraction of hydrocolloids from macroalgae that lowers the use of chemicals, maintains sustainability and maximizes yield is acting as another significant growth-inducing factor. Moreover, the escalating usage of the polymer in the pharmaceutical industry to manufacture oral formulations, on account of its excellent rheological properties that impart stickiness and regulate the flow behavior, is further stimulating the global market. Apart from this, the rising product application for dressing and wound care is expected to augment the hydrocolloids market in the coming years.
For The Competitor Segment, The Report Includes Global Key Players Of The Hydrocolloids Market.
Agarmex Sa De Cv., Archer-Daniels-Midland Company, Ashland Global Specialty Chemicals Inc., B. Braun SE, Cargill Incorporated, Carob S.A., CP Kelco U.S. Inc. (J.M. Huber Corporation), Ingredion Incorporated, Koninklijke DSM N.V., Nexira, Palsgaard A/S, Rousselot (M) SDN. BHD. (Darling International Inc.). and Tate & Lyle PLC.
The report has been segmented the market into following categories:
Breakup by Source:
Breakup by Product:
- Xanthan Gum
- Guar Gum
Breakup by Function:
Breakup by Application:
- Food and Beverages
- Personal Care and Cosmetics
• Asia Pacific
• North America
• Middle East and Africa
• Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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