Hydrocolloids Market size was valued at USD 12.07 billion in 2023 and is expected to grow to USD 18.82 billion by 2031 and grow at a CAGR of 5.8% over the forecast period of 2024-2031.
Hydrocolloids are heterogenous and hydrophilic in nature having high molecular weight. When hydrocolloids are mixed with water, they form a gel. The presence of a large number of hydroxyl groups increases the affinity of hydrocolloids toward water. Hydrocolloids have colloid particles which are suspended or spread throughout the water. The different states of hydrocolloids i.e., gel or solution are depended on the quantity of water available. There are two forms of hydrocolloids, one is irreversible and the other is reversible. Agar is a reversible hydrocolloid produced from seaweed extract and can exist in a gel as well as a solid state.
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Natural polysaccharide is one of the sources of many hydrocolloids. Another effective hydrocolloid is gelatin powder which produces the gelatin deserts like Jell-O and Jelly. To increase the viscosity of food products hydrocolloids are used in the food industry. In the pharmaceutical sector, hydrocolloids are used in medical dressings that are used for skin and wound treatment. The hydrocolloids act as a thickening agent in various food products like gravies, soups, sauces, and salad dressings.
The COVID-19 pandemic impacted seaweed production across the globe. The decreased production of raw materials and fluctuation in the raw material prices has decreased the demand for hydrocolloids during the outbreak of coronavirus.
Apart from this, the continuous use of masks and goggles to avoid the spread of COVID-19 resulted in greater sweating which caused swelling and infection on the face. Due to this infection, health professionals such as nurses, doctors, and pharmacists used the hydrocolloid sheet as a dressing on the infected area on the face which reduces the pain and protects the skin from further swelling. This application has increased the demand for hydrocolloids during the pandemic.
Drivers
Increasing demand for hydrocolloid-based products
Rising demand from the cosmetics industry
Growing utilization as a thickening and gelling applications
Increasing popularity in the food industry
Increasing consumption of clean-label food products
Increased R&D in the hydrocolloids
Being multifunctional in nature hydrocolloids are used in a wide range of industries. Hydrocolloids are extensively used in the food industry due to the binding capacity of hydrocolloids with water. They are used to enhance the shelf life and quality of the food products. Hydrocolloids have the ability to enhance the rheology of the food products i.e., texture and viscosity which drives the hydrocolloids market significantly in the food industry.
Restrain
Stringent regulation imposed by the government
Due to the high utilization of hydrocolloid-based products regulatory bodies of the Food and Drug Administration across the globe strictly regulate food safety. They control and regulate the amount of direct and indirect utilization of food products. This factor is likely to hamper the growth of the hydrocolloids market.
Opportunities
Extensive use of hydrocolloids in various industries
Challenges
Highly competitive hydrocolloids market with the presence of leading market players
The Russia- Ukraine war affected the hydrocolloid market in several ways. Firstly, the conflict has disrupted the supply chain of raw materials used in the production of hydrocolloids. Ukraine is a major producer of grains, which are a key ingredient in the production of hydrocolloids. The war has led to a decrease in the production of grains, resulting in a shortage of raw materials for the hydrocolloid industry. Secondly, the war has led to an increase in the cost of transportation and logistics. The conflict has made it difficult to transport goods across the border between Russia and Ukraine, leading to higher transportation costs. This has resulted in an increase in the cost of hydrocolloids, making them less affordable for consumers.
The ongoing recession had a moderate impact on the hydrocolloid market. The recession has caused many companies to cut back on their spending, resulting in a decrease in the production of goods that require hydrocolloids. This has led to a decrease in the demand for hydrocolloids, which has had a negative impact on the market.
By Product
Gelatin
Xanthan Gum
Alginates
Pectin
Guar Gum
Gum Arabic
Carboxy Methyl Cellulose
Agar
Locust Bean Gum
Others
By Function
Thickening
Gelling
Stabilizing
Fat Replacing
Coating Material
Others
By Source
Botanical
Animal
Seaweed
Synthetic
By Application
Food & Beverage
Pharmaceutical
Personal Care & Cosmetics
Others
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Asia Pacific region is expected to grow at a high pace during the projected period. This region has held the second-largest position in terms of revenue in 2022. This growth is attributed to the increasing consumption of hydrocolloids in processed food for increasing the shelf life and quality of the food. China is the leading country in this region due to the major consumer of food and beverages. The increasing population with shifting the customer focus toward packaged food and increasing per-capita disposable income drives the market of hydrocolloids in this region.
In terms of revenue, Europe is the largest regional market due to the rapid adoption of hydrocolloids in various industries. The increasing popularity of hydrocolloids in the pharmaceutical sector propels the hydrocolloids market significantly.
After Europe and Asia-Pacific, North America is the leading region for the hydrocolloids market owing to the presence of a large consumer base and rising demand for hydrocolloids from the personal care and cosmetics industry.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major key players are E. I. du Pont de Nemours and Company, Cargill, Inc., CP Kelco, Ashland Inc., Lubrizol Corporation, Rousselot S.A.S., Kerry Group PLC., Darling Ingredients Inc., Fuerst Day Lawson, TIC GUMs Inc., and other key players mentioned in the final report.
| Report Attributes | Details |
| Market Size in 2023 | US$ 12.07 Bn |
| Market Size by 2031 | US$ 18.82 Bn |
| CAGR | CAGR of 5.8% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Gelatin, Xanthan Gum, Carrageenan, Alginates, Pectin, Guar Gum, Gum Arabic, Carboxy Methyl Cellulose, Agar, Locust Bean Gum, and others) • By Function (Thickening, Gelling, Stabilizing, Fat Replacing, Coating Material, and Others) • By Source (Botanical, Animal, Microbial, Seaweed, and Synthetic) • By Application (Food & Beverage, Pharmaceutical, Personal Care & Cosmetics, and Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | E. I. du Pont de Nemours and Company, Cargill, Inc., CP Kelco, Ashland Inc., Lubrizol Corporation, Rousselot S.A.S., Kerry Group PLC., Darling Ingredients Inc., Fuerst Day Lawson, TIC GUMs Inc., and other |
| Key Drivers | • Increasing demand for hydrocolloid-based products • Rising demand from the cosmetics industry |
| Market Opportunities | • Extensive use of hydrocolloids in various industries. |
The expected market size of the Hydrocolloids Market is 18.82 USD billion in 2031.
The expected CAGR of the global Hydrocolloids Market during the forecast period is 5.8%.
The major key players are E. I. du Pont de Nemours and Company, Cargill, Inc., CP Kelco, Ashland Inc., Lubrizol Corporation, Rousselot S.A.S., Kerry Group PLC., Darling Ingredients Inc., Fuerst Day Lawson, TIC GUMs Inc.
Asia-Pacific contributes major to the Hydrocolloids Market.
Increasing demand for hydrocolloid-based products, Rising demand from the cosmetics industry, Growing utilization as a thickening and gelling applications, Increasing popularity in the food industry, Increasing consumption of clean-label food products, and Increased R&D in the hydrocolloids are the key driving factors of Hydrocolloids Market globally.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Hydrocolloids Market Segmentation, By Product
8.1 Gelatin
8.2 Xanthan Gum
8.3 Carrageenan
8.4 Alginates
8.5 Pectin
8.6 Guar Gum
8.7 Gum Arabic
8.8 Carboxy Methyl Cellulose
8.9 Agar
8.10 Locust Bean Gum
8.11 others
9. Hydrocolloids Market Segmentation, By Function
9.1 Thickening
9.2 Gelling
9.3 Stabilizing
9.4 Fat Replacing
9.5 Coating Material
9.6 Others
10. Hydrocolloids Market Segmentation, By Source
10.1 Botanical
10.2 Animal
10.3 Microbial
10.4 Seaweed
10.5 Synthetic
11. Hydrocolloids Market Segmentation, By Application
11.1 Food & Beverage
11.2 Pharmaceutical
11.3 Personal Care & Cosmetics
11.4 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Hydrocolloids Market by Country
12.2.2North America Hydrocolloids Market by Product
12.2.3 North America Hydrocolloids Market by Function
12.2.4 North America Hydrocolloids Market by Source
12.2.5 North America Hydrocolloids Market by Application
12.2.6 USA
12.2.6.1 USA Hydrocolloids Market by Product
12.2.6.2 USA Hydrocolloids Market by Function
12.2.6.3 USA Hydrocolloids Market by Source
12.2.6.4 USA Hydrocolloids Market by Application
12.2.7 Canada
12.2.7.1 Canada Hydrocolloids Market by Product
12.2.7.2 Canada Hydrocolloids Market by Function
12.2.7.3 Canada Hydrocolloids Market by Source
12.2.7.4 Canada Hydrocolloids Market by Application
12.2.8 Mexico
12.2.8.1 Mexico Hydrocolloids Market by Product
12.2.8.2 Mexico Hydrocolloids Market by Function
12.2.8.3 Mexico Hydrocolloids Market by Source
12.2.8.4 Mexico Hydrocolloids Market by Application
12.3 Europe
12.3.1 Europe Hydrocolloids Market by country
12.3.2 Europe Hydrocolloids Market by Product
12.3.3 Europe Hydrocolloids Market by Function
12.3.4 Europe Hydrocolloids Market by Source
12.3.5 Europe Hydrocolloids Market by Application
12.3.6 Germany
12.3.6.1 Germany Hydrocolloids Market by Product
12.3.6.2 Germany Hydrocolloids Market by Function
12.3.6.3 Germany Hydrocolloids Market by Source
12.3.6.4 Germany Hydrocolloids Market by Application
12.3.7 UK
12.3.7.1 UK Hydrocolloids Market by Product
12.3.7.2 UK Hydrocolloids Market by Function
12.3.7.3 UK Hydrocolloids Market by Source
12.3.7.4 UK Hydrocolloids Market by Application
12.3.8 France
12.3.8.1 France Hydrocolloids Market by Product
12.3.8.2 France Hydrocolloids Market by Function
12.3.8.3 France Hydrocolloids Market by Source
12.3.8.4 France Hydrocolloids Market by Application
12.3.9 Italy
12.3.9.1 Italy Hydrocolloids Market by Product
12.3.9.2 Italy Hydrocolloids Market by Function
12.3.9.3 Italy Hydrocolloids Market by Source
12.3.9.4 Italy Hydrocolloids Market by Application
12.3.10 Spain
12.3.10.1 Spain Hydrocolloids Market by Product
12.3.10.2 Spain Hydrocolloids Market by Function
12.3.10.3 Spain Hydrocolloids Market by Source
12.3.10.4 Spain Hydrocolloids Market by Application
12.3.11 The Netherlands
12.3.11.1 Netherlands Hydrocolloids Market by Product
12.3.11.2 Netherlands Hydrocolloids Market by Function
12.3.11.3 Netherlands Hydrocolloids Market by Source
12.3.11.4 Netherlands Hydrocolloids Market by Application
12.3.12 Rest of Europe
12.3.12.1 Rest of Europe Hydrocolloids Market by Product
12.3.12.2 Rest of Europe Hydrocolloids Market by Function
12.3.12.3 Rest of Europe Hydrocolloids Market by Source
12.3.12.4 Rest of Europe Hydrocolloids Market by Application
12.4 Asia-Pacific
12.4.1 Asia Pacific Hydrocolloids Market by country
12.4.2 Asia Pacific Hydrocolloids Market by Product
12.4.3 Asia Pacific Hydrocolloids Market by Function
12.4.4Asia Pacific Hydrocolloids Market by Source
12.4.5Asia Pacific Hydrocolloids Market by Application
12.4.6 Japan
12.4.6.1 Japan Hydrocolloids Market by Product
12.4.6.2 Japan Hydrocolloids Market by Function
12.4.6.3 Japan Hydrocolloids Market by Source
12.4.6.4 Japan Hydrocolloids Market by Application
12.4.7 South Korea
12.4.7.1 South Korea Hydrocolloids Market by Product
12.4.7.2 South Korea Hydrocolloids Market by Function
12.4.7.3 South Korea Hydrocolloids Market by Source
12.4.7.4 South Korea Hydrocolloids Market by Application
12.4.8 China
12.4.8.1 China Hydrocolloids Market by Product
12.4.8.2 China Hydrocolloids Market by Function
12.4.8.3 China Hydrocolloids Market by Source
12.4.8.4 China Hydrocolloids Market by Application
12.4.9 India
12.4.9.1 India Hydrocolloids Market by Product
12.4.9.2 India Hydrocolloids Market by Function
12.4.9.3 India Hydrocolloids Market by Source
12.4.9.4 India Hydrocolloids Market by Application
12.4.11 Australia
12.4.10.1 Australia Hydrocolloids Market by Product
12.4.10.2 Australia Hydrocolloids Market by Function
12.4.10.3 Australia Hydrocolloids Market by Source
12.4.10.4 Australia Hydrocolloids Market by Application
12.4.11 Rest of Asia-Pacific
12.4.11.1 APAC Hydrocolloids Market by Product
12.4.11.2 APAC Hydrocolloids Market by Function
12.4.11.3 APAC Hydrocolloids Market by Source
12.4.11.4 APAC Hydrocolloids Market by Application
12.5 The Middle East & Africa
12.5.1 The Middle East & Africa Hydrocolloids Market by country
12.5.2 The Middle East & Africa Hydrocolloids Market by Product
12.5.3 The Middle East & Africa Hydrocolloids Market by Function
12.5.4The Middle East & Africa Hydrocolloids Market by Source
12.5.5 The Middle East & Africa Hydrocolloids Market by Application
12.5.6 Israel
12.5.6.1 Israel Hydrocolloids Market by Product
12.5.6.2 Israel Hydrocolloids Market by Function
12.5.6.3 Israel Hydrocolloids Market by Source
12.5.6.4 Israel Hydrocolloids Market by Application
12.5.7 UAE
12.5.7.1 UAE Hydrocolloids Market by Product
12.5.7.2 UAE Hydrocolloids Market by Function
12.5.7.3 UAE Hydrocolloids Market by Source
12.5.7.4 UAE Hydrocolloids Market by Application
12.5.8South Africa
12.5.8.1 South Africa Hydrocolloids Market by Product
12.5.8.2 South Africa Hydrocolloids Market by Function
12.5.8.3 South Africa Hydrocolloids Market by Source
12.5.8.4 South Africa Hydrocolloids Market by Application
12.5.9 Rest of Middle East & Africa
12.5.9.1 Rest of Middle East & Asia Hydrocolloids Market by Product
12.5.9.2 Rest of Middle East & Asia Hydrocolloids Market by Function
12.5.9.3 Rest of Middle East & Asia Hydrocolloids Market by Source
12.5.9.4 Rest of Middle East & Asia Hydrocolloids Market by Application
12.6 Latin America
12.6.1 Latin America Hydrocolloids Market by Country
12.6.2 Latin America Hydrocolloids Market by Product
12.6.3 Latin America Hydrocolloids Market by Function
12.6.4 Latin America Hydrocolloids Market by Source
12.6.5 Latin America Hydrocolloids Market by Application
12.6.6 Brazil
12.6.6.1 Brazil Hydrocolloids Market by Product
12.6.6.2 Brazil Africa Hydrocolloids Market by Function
12.6.6.3 Brazil Hydrocolloids Market by Source
12.6.6.4 Brazil Hydrocolloids Market by Application
12.6.7 Argentina
12.6.7.1 Argentina Hydrocolloids Market by Product
12.6.7.2 Argentina Hydrocolloids Market by Function
12.6.7.3 Argentina Hydrocolloids Market by Source
12.6.7.4 Argentina Hydrocolloids Market by Application
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America Hydrocolloids Market by Product
12.6.8.2 Rest of Latin America Hydrocolloids Market by Function
12.6.8.3 Rest of Latin America Hydrocolloids Market by Source
12.6.8.4 Rest of Latin America Hydrocolloids Market by Application
13 Company Profile
13.1 E. I. du Pont de Nemours and Company
13.1.1 Market Overview
13.1.2 Financials
13.1.3 Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Cargill, Inc.
13.2.1 Market Overview
13.2.2 Financials
13.2.3 Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 CP Kelco
13.3.1 Market Overview
13.3.2 Financials
13.3.3 Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Ashland Inc.
13.4.1 Market Overview
13.4.2 Financials
13.4.3 Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Lubrizol Corporation
13.5.1 Market Overview
13.5.2 Financials
13.5.3 Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Rousselot S.A.S.,
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Kerry Group PLC.
13.7.1 Market Overview
13.7.2 Financials
13.7.3 Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Darling Ingredients Inc
13.8.1 Market Overview
13.8.2 Financials
13.8.3 Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Fuerst Day Lawson
13.9.1 Market Overview
13.9.2 Financials
13.9.3 Product/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 TIC GUMs Inc.
13.10.1 Market Overview
13.10.2 Financials
13.10.3 Product/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.13.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. USE Cases And Best Practices
16. Conclusion
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