Food hydrocolloids market is anticipated to grow at a significant CAGR of 6.9% during the forecast period. One of the key factors fueling the market growth includes the rising demand for processed and convenience food products across the globe. Hydrocolloids provide a major opportunity for tailoring nutritional value and offer potential health benefits via control of gastric emptying and ileal brake mechanisms (potentially and satiety obesity), plasma cholesterol levels (cardiovascular disease), glycemic response (diabetes), and carbohydrate fermentation throughout the large intestine (colon cancer). Such benefits have been increasing the demand for food hydrocolloids which is reflected in the active participation of market players. For instance, in December 2020, CP Kelco introduced GENU Pectin YM-FP-2100, a clean-label-friendly element that offers a medium-to-high thickness in the fruited drinking yogurt and with ease of pumpability at the fruit grounding stage.
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The global food hydrocolloids market is segmented based on the type and application. Based on the type, the market is segmented into gelatin gum, pectin, xanthan gum, guar gum, and others. The other sub-segment includes carrageenan. Based on the application, the market is sub-segmented into dairy and frozen products, bakery, beverages, confectionery, meat and seafood products, and others. The other sub-segment includes oil and fats. The above-mentioned segments can be customized as per the requirements. Among the application, the bakery is anticipated to grow significantly in the market owing to its high usability, while, out of the type, the pectin sub-segment is anticipated to grow at a considerable CAGR during the forecast period owing to rising preferences toward plant-derived hydrocolloids.
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Segmental Outlook
Among the application, the bakery is anticipated to grow significantly in the market during the forecast period. The bakery uses hydrocolloids for retarding staling and refining the freshness of the food even after freezing. The structural modification in wheat can store the bread by growing water retention capacity and avoiding the formation of ice crystals at the time of frozen storage. Such products do not damage the aroma and flavor of the baked products and offer the advantage of low-fat content. With growing global population and an increase in the demand for convenience food products, such as pasta, drinks, bread, gravies, cakes, and pastry, are driving the market’s growth. Consumer demand for convenience, indulgence, and authenticity is driving significant growth in the bakery market. This resulted in more manufacturers innovating to provide more diverse and tempting products with numerous ingredients for meeting consumer expectations, which is further increasing the application of food hydrocolloids.
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by Type (Gelatin Gum, Pectin, Xanthan Gum, Guar Gum, and Others), and
by Application (Dairy and Frozen Products, Bakery, Beverages, Confectionery, Meat, and Seafood Products, and Others)
Market Players Outlook
The major companies serving the global food hydrocolloids market include Archer Daniels Midland Co., Cargill, Inc., International Flavors & Fragrances Inc., J.M. HUBER Group (CP Kelco US Inc.), Koninklijke DSM N.V., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2021, Ingredion launched a new range of single hydrocolloids to its existing widespread food and beverage portfolio. The new products provided are TIC Gum Arabic FT Powder, Pre-Hydrated Gum Arabic Spray Dry Powder, TIC Tara Gum 100, Ticalose CMC 400 Granular Powder, and Ticaxan Xanthan EC.
The Report Covers
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global food hydrocolloids market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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