Global $10 Billion Hydrocolloids Market Trends, Opportunities and Forecasts to 2023 - ResearchAndMarkets.com

DUBLIN--()--The "Global Hydrocolloids Market - Industry Trends, Opportunities and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.

The global hydrocolloids market is projected to grow from US$8.260 billion in 2018 and to grow to US$10.367 billion in 2023, exhibiting a CAGR of 4.65% during the forecast period.

Hydrocolloids are used extensively in wide variety of food products as gelling and thickening agents for improving shelf-life and quality of food products. Growing global demand for processed and ready-to-use food and beverage items augments the demand for hydrocolloids across food and beverage sector. Rising applications of hydrocolloids across end use sectors such as textiles and pulp and paper industry further propels the growth of global hydrocolloids market.

Geographically, North America holds the largest market share across the globe owing to the presence of major market players in the region coupled with high investment in R&D activities. However, Asia-Pacific will witness the fastest regional market growth during the projected period owing to the rising demand for processed and convenient food items in the region. Growing awareness about medicines among consumers is boosting the demand for OTC drugs in countries like China and India which, in turn, further supports the demand for hydrocolloids across pharmaceutical sector in the region.

Segmentation

By Product Type

  • Guar Gum
  • Gum Arabic
  • Xanthan
  • Starch
  • Locust Bean Gum
  • Gelatin
  • Agar
  • Carrageenan
  • Alginate
  • Pectin
  • Others

By Source

  • Animal
  • Plants
  • Synthetic

By Function

  • Gelling
  • Thickener
  • Coating
  • Emulsifier
  • Others

By End-User Industry

  • Food and Beverage
  • Pharmaceuticals
  • Cosmetics and Personal Care
  • Textiles
  • Paints and Coatings
  • Others

By Geography

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Companies Mentioned

  • Cargill Incorporated
  • DowDuPont
  • Ashland
  • Ingredion
  • Darling Ingredients, Inc
  • Kerry Group Plc
  • DSM
  • The Lubrizol Corporation
  • CP Kelco

For more information about this report visit https://www.researchandmarkets.com/research/ctv8xf/global_10?w=4

Contacts

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Related Topics: Food Processing

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Food Processing