Global Hydrocolloids Market – Overview
The intensified use of hydrocolloids in functional food to overcome diseases such as obesity, diabetes, and other chronic diseases has uplifted the demand for hydrocolloids. With growing health concerns and rising per capita health care cost, there has been surge in demand of hydrocolloids. Market Research Future, a firm which specializes in market reports related to the Foods, Beverages & Nutrition sector among others, recently forecasted in its report “Global Hydrocolloids Market Research Report- Forecast to 2023” that the market will demonstrate an exceptional CAGR % while achieving million dollar growth readily in the forecast period.
Hydrocolloids are substances which tend to form gel in the presence of water. They are mostly used for gelling, stabilizing, thickening, coating, and emulsifying purposes. Hydrocolloids are widely used in extending the shelf life and enhancing the stability of food and beverage products. Hydrocolloids help in reduction of sugar and salt content in food and beverage products without altering the physical properties of the products. Commonly used hydrocolloids in food and beverage industries are gelatin, alginates, xanthan gum, pectin, guar gum, carrageenan, and carboxymethyl cellulose (CMC).
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The shifting inclinations of consumers towards improved lifestyle, the demand for nutritive ingredients such as hydrocolloids has grown in the recent years. Also, the intensified use of hydrocolloids in functional food owing to reduction of diseases such as obesity, diabetes, and other diseases has uplifted the demand for hydrocolloids. Hydrocolloids such as gelatin, xanthan gum, pectin, carrageenan, and CMC have a wide range product applicability which includes: dairy and frozen desserts, bakery and confectionary, snacks, beverages and others. Moreover, rising demand for natural gelling-agent, thickeners and stabilizers in food and beverage industry is projected to drive the growth of hydrocolloids market over the review period.
Furthermore, growing health conscious population and their awareness towards health is boosting the market of hydrocolloids. Moreover, increasing consumption of yogurt, frozen products, and meat and poultry products are likely to contribute to the growth of global hydrocolloids market. Also, the growing consumption of fruit and vegetable juices is adding fuel to the growth of the hydrocolloids market. However, the toxicity caused due excessive consumption of hydrocolloids used in food products may hinder the market growth over the forecast period.
Latest Industry Updates
Nov 2017 Royal DSM and Zhejiang Haixing Investment Co. Ltd. has acquired of a majority equity stake in Inner Mongolia Rainbow Biotechnology Co. Ltd. The company is now renamed as DSM Rainbow Biotechnology Co., Ltd. Through this acquisition, DSM and Haixing will be able to expand their global business of sustainable and innovative hydrocolloid solutions applied in food, beverage and personal care products to provide texture and stability.
Jun 2017 Alland & Robert Company, expertise in natural plant exudates and an international leader in acacia gum has added new clean label products in the name of Syndeo, which is based on a blend of natural and vegetal hydrocolloids that can be used as a functional additive in food and drinks, including dairy-free beverages.
Jun 2017 ConvaTec has launched new product Esteem Flex Convex 1-Piece System. The 1-piece system combines the comfort and freedom of flexibility with the firmness of convexity. The hydrocolloid wafer, designed for skin health and security, is made to stay firmly in place, helping to minimize leakage and also features a tapered edge to help minimize lifting at the edges and snagging on clothing.
May 2016 Scapa Group plc, a global supplier of bonding products and adhesive components for applications in healthcare and industrial markets has acquired EuroMed Inc. a leading hydrocolloid-based company providing wound care solutions based in Orangeburg, NY. The acquisition of EuroMed will help in expanding Scapa healthcare’s technology portfolio with the addition of hydrocolloids, a medical adhesive that contains gel forming agents.
Global Hydrocolloids Market - Competitive Analysis
Industrial players such as DuPont (U.S.) & Cargill Inc (U.S.) are continuously involved in R&D activities in order to meet the increasing demand in the market. The wide application of hydrocolloids has enabled food manufacturers to adopt sophisticated food-processing methods in order to streamline the food-processing functions. Also major companies are undergoing rigorous clinical trials for hydrocolloids used in pharmaceutical, foods & beverages and other products. This initiative will help companies to provide clinically tested and safe products to consumers which will ultimately uplift the global hydrocolloids market.
The key players profiled in hydrocolloids are Cargill Inc. (U.S.), Kerry Group plc. (Ireland), E. I. du Pont de Nemours and Company (U.S.), Darling Ingredients Inc. (U.S.), CP Kelco U.S., Inc. (U.S.), Ingredion Incorporated (U.S.), and Ashland Global Holdings Inc. (U.S.) among many others.
Global Hydrocolloids Market – Segments
The global hydrocolloids market has been divided into type, source, function, application, and region.
On the Basis of Type: Gelatin, Pectin, Guar, Carrageenan, CMC, and Others
On the Basis of Source: Natural, and Synthetic
On the Basis of Function: Gelling agent, Thickeners, and Stabilizers
On the Basis of Application: Dairy & Frozen Desserts, Bakery & Confectionary, Beverages, and Others
On the Basis of Region: North America, Europe, Asia Pacific, and ROW
Global Hydrocolloids Market - Regional Analysis
The global hydrocolloids market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the hydrocolloids market followed by Europe. The U.S. has been accounted for a higher consumption of hydrocolloids in confectioneries and dairy food products owing to increasing awareness about the benefits of consuming natural thickening and stabilizing agent. Additionally, high demand for cost-effective stabilizing and gelling ingredient such as hydrocolloids in food & beverages industry is considered to be key driving factor in this region.
Furthermore, increasing consumer awareness and growing demand for an alternative of synthetic hydrocolloids such as acrylic acid polymers in processed food & beverages has uplifted the demand for natural hydrocolloids in European countries like the U.K, Germany and France which is likely to boost the growth of the hydrocolloids market during the review period. Additionally, approval for the use of hydrocolloids in edible products from regulatory authorities such as food and agriculture organization (FAO) is projected to uplift the growth of the hydrocolloids market.
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