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Hydrocolloids Market to Reach $13.30 Billion by 2027; Increasing Demand from the Cosmetics Industry to Augment Growth

January 13, 2021 | Food & Beverages

The global hydrocolloids market size is expected to showcase considerable growth by reaching USD 13.30 billion by 2027. The growth is attributable to the increasing demand for hydrocolloids to manufacture cosmetics products across the globe. This information is published by Fortune Business Insights in its latest report, titled, “Hydrocolloids Market Size, Share & Covid-19 Impact Analysis, By Type (Xanthan Gum, Carrageenan, Guar Gum, Gelatin, and Others), Source (Microbial, Animal, Seaweed, and Others), Application (Food & Beverages, Pharmaceuticals, and Cosmetics & Personal Care), and Regional Forecast, 2020 – 2027.” The report further mentions that the market stood at USD 9.07 billion in 2019 and is likely to exhibit a CAGR of 5.13% between 2020 and 2027.


Cargill Announces Expansion of its Carrageenan Extract Portfolio to Maintain Market Dominance


The evolving consumer preference for functional food and beverages is driving manufacturers to develop reliable and healthy products. For instance, in July 2018, Cargill, a leading sustainable nutrition solutions provider, announced the launch of a new carrageenan extract, Satiagel Seabrid. According to the company, the extract is developed to provide premium textures for desserts, custards, and other delicacies and is based on 100% cultivated seaweed. The growing demand from consumers for rich and creamy texture for their dairy desserts has propelled the development of the extract, reports Cargill.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/hydrocolloids-market-100552


The addition of hydrocolloids such as carrageenan to manufacture organic and clean-labeled food products is likely to contribute to market growth.


Increasing Demand for Hydrocolloids from Cosmetics Industry to Feed Market Growth


The growing awareness regarding the skin-care regime and the high disposable income of the working population is driving the demand for organic cosmetics products. This has led to the increasing adoption of hydrocolloids such as carrageenan, gelatin, and xanthan gum in cosmetics manufacturing due to their beneficial properties such as high compatibility and chemically stable nature. For instance, as to the Ministry of Foreign Affairs, the natural cosmetics market value stood in Europe stood at USD 4.11 billion in 2018 and is likely to grow at a faster rate in the forthcoming years. Therefore, the surging demand for natural cosmetics is expected to favor the global hydrocolloids market growth during the forecast period.


Product Launches by Major Companies to Expand Their Product Portfolio and Boost Sales Revenue


The global hydrocolloids market is consolidated by the presence of major companies that are striving to maintain a stronghold by introducing innovative hydrocolloid products to cater to the growing demand for industrial applications such as food and beverages worldwide. Moreover, other key players are adopting strategies such as collaboration, facility expansion, and merger and acquisition that will bode well for the market growth in the forthcoming years.


Industry Development:


January 2019 - Koninklijke DSM N.V. unveiled new branding for its gellan gum and xanthan gum products. The company introduced three brands ClariXan, XanTreme, and Gellaneer, that offer consumers improved bio gum solutions. The launch is expected to consolidate its footprint in the global market for hydrocolloids. 


List of the Companies Profiled in the Global Market for Hydrocolloids:



  • Kerry Group plc (Tralee, Ireland)

  • Koninklijke DSM N.V. (Heerlen, Netherlands)

  • Cargill, Incorporated (Minnesota, United States)

  • Archer-Daniels-Midland Company (Illinois, United States)

  • DuPont de Nemours, Inc. (Delaware, United States)

  • Ashland Global Holdings Inc. (Delaware, United States)

  • J.M. Huber Corporation (New Jersey, United States)

  • W Hydrocolloids, Inc. (Philippines)

  • Ingredion, Incorporated (Illinois, United States)

  • Tate & Lyle plc (London, United Kingdom)


Further Report Findings:



  • Among all the regions, Asia-Pacific is anticipated to remain at the forefront and hold the highest position in the global hydrocolloids market in the forthcoming years. This is attributable to the increasing demand for processed food products and the rising population rate in the region between 2020 and 2027. Asia-Pacific stood at USD 3.44 billion in 2019.

  • On the other hand, North America is expected to hold the second position in the market in the forthcoming years. This is ascribable to factors such as the increasing demand for low-calorie food products that contain hydrocolloids in countries such as the U.S. in the region.

  • Based on the source, the animal segment is expected to experience exponential growth backed by the high availability of animal by-products as raw materials for processing innovative hydrocolloids for several industrial applications globally.


Table of Segmentation:












































  ATTRIBUTES    


  DETAILS        

Study Period




  • 2016-2027



Base Year




  • 2019



Forecast Period




  • 2020-2027



Historical Period




  • 2016-2018



Unit




  • Value (USD Billion)



Segmentation




 


 



By Type



  • Xanthan Gum

  • Carrageenan

  • Guar Gum

  • Gelatin

  • Others



By Source



  • Microbial

  • Animal

  • Seaweed

  • Others



By Application



  • Food & Beverages

  • Pharmaceuticals

  • Cosmetics & Personal Care



Geography




  • North America (By Type, Source, Application, and By Country)



  • The U.S. (By Application)

  • Canada (By Application)

  • Mexico (By Application)



  • Europe (By Type, Source, Application, and By Country)



  • France (By Application)

  • Russia (By Application)

  • Spain (By Application)

  • Italy (By Application)

  • Germany (By Application)

  • The U.K. (By Application)

  • Rest of Europe (By Application)



  • Asia Pacific (By Type, Source, Application, and By Country)



  • China (By Application)

  • Australia (By Application)

  • Japan (By Application)

  • India (By Application)

  • Rest of Asia Pacific (By Application)



  • South America (By Type, Source, Application, and By Country)



  • Argentina (By Application)

  • Brazil (By Application)

  • Rest of South America (By Application)



  • The Middle East and Africa (By Type, Source, Application, and By Country)



  • South Africa (By Application)

  • UAE (By Application)

  • Rest of ME&A (By Application)


Global Hydrocolloids Market
  • PDF
  • 2019
  • 2016-2018
  • 200

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