Global Hydrocolloids (Gelatin, Xanthan Gum, Carrageenan, Alginate, Agar, Pectin, Guar Gum, Gum Arabic, MCC, and CMC) Market Report 2020-2025 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Hydrocolloids Market by Type (Gelatin, Xanthan Gum, Carrageenan, Alginate, Agar, Pectin, Guar Gum, Gum Arabic, MCC, and CMC), Source (Botanical, Microbial, Animal, Seaweed, and Synthetic), Function, Application, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The hydrocolloids market is estimated to be valued at USD 9.7 billion in 2020 and is projected to reach USD 12.6 billion by 2025, at a CAGR of 5.3% from 2020 to 2025.

The growth of the hydrocolloids market is driven by factors such as the expansion of the processed food industry due to the increase in demand for convenience foods in the emerging countries of the Asia Pacific, South America, and the Middle East & African regions. Key drivers for the market's growth include a robust R&D base, as manufacturers are focusing on with product innovations to offer high-quality hydrocolloids for the end-user industries and the multifunctionality of hydrocolloids.

"The thickeners segment for hydrocolloids is estimated to account for the largest share in 2020."

The hydrocolloids markets, by function, is estimated to be dominated by the thickeners segment in 2020. Hydrocolloids are widely used as thickeners in various food products such as soups, salad dressings, gravies, sauces, and toppings. Key hydrocolloids used as thickeners include xanthan gum, guar gum, locust bean gum (LBG), gum Arabic, and carboxymethyl cellulose (CMC).

"The animal segment is estimated to account for the largest share in 2020"

The hydrocolloids market, by source, is estimated to be dominated by the animal segment in 2020. Hydrocolloids of animal origin are produced using skins and bones of different sources, such as beef, pork, and fish. Gelatin is one of the major hydrocolloids derived from animal sources having applications in the confectionery industry.

"The gelatin segment for hydrocolloids is estimated to account for the largest share in 2020."

The hydrocolloids market, by type, is estimated to be dominated by the gelatin segment in 2020. Gelatin is derived from animal sources and has applications in food products such as candies, desserts, marshmallows, and ice creams. In Europe, gelatin is classified as food and is not subjected to food additive legislation. This is projected to create a lucrative opportunity for hydrocolloids manufacturers in the coming years.

"The food & beverages segment for hydrocolloids is estimated to account for the largest share in 2020."

The hydrocolloids market, by application, is estimated to be dominated by the food & beverage segment in 2020. The demand for hydrocolloids is projected to increase in the coming years due to its multifunctionality in the food industry and the rise in demand for convenience foods in emerging countries.

"North America is projected to witness significant growth in the hydrocolloids market."

The North Americanhydrocolloidsmarket is projected to witness significant growth with higher CAGR during the forecast period. due to the presence of major players such as Ashland (US), TIC Gums (US), CP Kelco (US), Cargill (US), Ingredion (US), and Darling Ingredients (US) operating in the region.

The region is backed by the US, a major revenue pocket market for bakery, confectionery, convenience food, and packaged food products.

The breakdown of primaries on the basis of company type, designation, and region is as follows:

• By Company Type: Tier I: 70%, Tier II: 20%, and Tier III: 10%
• By Designation: C Level: 50%, D Level: 10%, Others: 40%
• By Region: North America: 20%, Europe: 30%, Asia Pacific: 30%, and RoW: 20%

The key hydrocolloids manufacturing players include the following:

• Archer Daniels Midland Company (US)
• DuPont (US)
• Cargill (US)
• Kerry Group Plc. (Ireland)
• Ingredion Incorporated (US)
• Palsgaard A/S (Denmark)
• Tate & Lyle (Ireland)
• Koninklijke DSM N.V. (Netherlands)
• Ashland Inc (US)
• Darling Ingredients Inc. (US)
• CP Kelco (US)
• BASF (Germany)
• Glanbia (Ireland)
• Fuerst Day Lawson (UK)
• Nexira (France)

For more information about this report visit https://www.researchandmarkets.com/r/h5fe3a