Growth of the food hydrocolloids market is driven by increase in consumption of processed foods along with rise in awareness of the health advantages offered by the usage of hydrocolloids in food products. Development of new & innovative hydrocolloids has potential to create opportunities for the market expansion in coming years.
PORTLAND, Ore., Nov. 16, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Food Hydrocolloids Market By Type (Gum Arabic, Carboxymethyl Cellulose, Xanthan Gum, Carrageenan, Pectin, Others), By Source (Plant, Animal, Microbial), By Application (Bakery, Confectionery, Sauces, Dressings, Marinades And Gravies, Beverages, Dairy And Frozen Desserts, Convenience And Processed Foods): Global Opportunity Analysis and Industry Forecast, 2022–2032″. According to the report, the global food hydrocolloids market was valued at $4,439.0 million in 2022, and is projected to reach $7,805.9 million by 2032, registering a CAGR of 5.9% from 2023 to 2032.
Request Sample Copy at https://www.alliedmarketresearch.com/request-sample/2039
Prime determinants of growth
Growth of the global food hydrocolloids market is majorly driven by upsurge in demand for processed food in which hydrocolloids are used frequently to increase its stability and other characteristics depending on the type of food product. Moreover, increase in awareness related to health benefits of hydrocolloids and rise in popularity of gluten-free and allergen-free alternatives have further driven the market. In addition, development of new & innovative hydrocolloids along with rise in demand for natural & clean label products have created ample opportunities for food hydrocolloids market growth.
Report coverage & details:
|
Report Coverage |
Details |
|
Forecast Period |
2022–2032 |
|
Base Year |
2022 |
|
Market Size in 2022 |
$4,439.0 Million |
|
Market Size in 2032 |
$7,805.9 Million |
|
CAGR |
5.9 % |
|
No. of Pages in Report |
275 |
|
Segments covered |
Type, Source, Application, and Region. |
|
Drivers |
Increase in demand for processed foods Rise in awareness related to health benefits of hydrocolloids Rise in popularity of gluten-free and allergen-free alternatives |
|
Opportunities |
Development of new & innovative hydrocolloids Growth in demand for natural & clean label products |
|
Restraints |
Fluctuation in raw material prices Stringent regulations & international quality standards |
The xanthan gum segment to maintain its leadership status throughout the forecast period
Based on type, the xanthan gum segment held the highest market share in 2022, accounting for more than one-fourth of the global food hydrocolloids market revenue and is estimated to maintain its leadership status throughout the forecast period. Xanthan gum segment exhibits versatility that drives its increase in adoption in various food applications. It serves as an important additive in baked goods such as bread and cakes, as it enhances water retention & softness during baking & storage process. It improves taste, extends the shelf life of food products, and enhances water retention while tenderizing & improving water retention in meat products. This quality propels the use of food hydrocolloids in the meat packaging industry. Thus, the demand for xanthan gum is growing significantly boosting the market growth.
Buy This Report (275 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3R0r2rZ
The plant segment to maintain its leadership status throughout the forecast period
Based on source, the plant segment held the highest market share in 2022, accounting for more than half of the global food hydrocolloids market and is estimated to maintain its leadership status throughout the forecast period. The preferences of health-conscious consumers have driven the growth of plant-based hydrocolloids in the market. These hydrocolloids derived from plants, offer functional benefits without any addition of synthetic additives. They act as substitutes for animal-based options, which meets texture & functionality requirements, particularly catering to those following vegan or vegetarian diets. This trend has the ability to align with the clean label movement, which emphasizes the demand of consumers for transparent & recognizable ingredients in their food & beverages.
The dairy and frozen desserts segment to maintain its leadership status throughout the forecast period
Based on application, the dairy and frozen desserts segment held the highest market share in 2022, accounting for more than one-fourth of the global food hydrocolloids market and is estimated to maintain its leadership status throughout the forecast period. Demand for frozen food in developing countries has grown due to change in consumer lifestyles & preferences. In recent years, rise in per capita income in Asia-Pacific nations has caused significant shifts in eating habits. This transformation, fueled by a preference for more upscale living, has resulted in a notable increase in market size and overall request for dairy & frozen food items. In addition, the segment is driven by high affinity of consumers toward dairy products due to its high nutritional contents, improvements in the retail structure, especially in the emerging markets. All these factors increase the demand for the dairy and frozen desserts.
Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/2039
Europe to maintain its dominance by 2032
Based on region, Europe held the highest market share in terms of revenue in 2022 and is likely to dominate the market during the forecast period. The demand for healthy beverage options such as fruit-flavored drinks and energy drinks, has witnessed a significant upswing among consumers due to the various adverse health effects associated with carbonated drinks. This consumer trend is expected to persist and shape the market landscape in the anticipated period. In addition, increase in demand for exotic flavors and evolving consumer preferences are driving the growth of the food hydrocolloids market in Europe.
Leading Market Players: –
- CP Kelco U.S., Inc.
- Cargill, Incorporated
- Ingredion Incorporated
- Tate & Lyle PLC, Kerry Group plc
- Jungbunzlauer Suisse AG
- Deosen Biochemical (Ordos) Ltd.
- Ashland
- Koninklijke DSM N.V.
- International Flavors & Fragrances Inc.
The report analyzes government regulations, policies, and patents to provide information on the current market trends and suggests future growth opportunities globally. Furthermore, the study highlights the Porter’s five forces analysis to determine the factors affecting market growth.
Trending Reports in Food and Beverages Industry
Saudi Arabia Cloud Kitchen Market: Global Opportunity Analysis and Industry Forecast 2021–2030
Fast Casual Restaurant Market: Global Opportunity Analysis and Industry Forecast 2021–2030
Food Authenticity Market: Global Opportunity Analysis and Industry Forecast 2020–2031
Wine Production Machinery Market: Global Opportunity Analysis and Industry Forecast 2020–2030
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive #205,
Portland, OR 97220
United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com/reports-store/food-and-beverages
Follow Us on Blog: https://www.dailyreportsworld.com/
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
SOURCE Allied Market Research
