Discover Hydrocolloids Market Upcoming Trends, Growth Drivers And Challenges – Forecast To 2025|Grand View Research, Inc.



The global hydrocolloids market size is expected to reach USD 13.61 billion by 2025, as per a new report by Grand View Research Inc. It is anticipated to expand at a CAGR of 6.5% during the forecast period. Hydrocolloids find application in radiology as a suspending agent, suppositories, slow release capsules, emulsions, surgical lubricants, and as a carrier of topical medicaments, which is expected to drive the market growth.
Rapid urbanization coupled with improved consumer lifestyle with more emphasis on healthy, diet-friendly, nutritious, and natural products is fueling the demand for convenience and packaged foods, which, in turn, is likely to propel the product consumption. Additionally, growing consumer awareness regarding the benefits of nutritional food is further propelling the demand for hydrocolloids in developing countries, such as China and India.
Europe and North America are projected to play a substantial role even after losing their market share to Asia Pacific and Latin America. Asia Pacific and Latin America are expected to accomplish the highest gains in near future. A large number of health-conscious individuals are embracing a healthier lifestyle with the foremost importance on the healthy food choices offered by various food and beverage companies.
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The key players in the hydrocolloids market are inclined towards new product launches, which is expected to augment the growth. In August 2018, Cargill announced its plans to invest USD 150 million in Brazil production facility to keep up with the increasing demand for pectin.
Further key findings from the report suggest:
·         Growing demand for processed food due to the convenience is expected to positively impact hydrocolloid market in the forthcoming years
·         Processed foods market has seen healthy growth in recent past and is projected to witness high growth in near future
·         The ability of hydrocolloids to reduce the fat content by dispersing water and acting as a fat replacer in food products is expected to propel their demand as consumers are increasingly preferring low-fat and low-calorie food products
·         The shortage of resources and vulnerability to seasonal changes cause volatility in the raw material pricing is propelling manufacturing costs and limiting the market growth
·         Rise in population coupled with rising disposable income, translates into an enhanced standard of living, particularly in the developing regions. This is anticipated to result in a steady growth in demand for specialty and processed food products
Upsurge in the consumption of hydrocolloids-based products in building materials coupled with rising demand from cosmetics industry is expected to boost the market growth over the forecast period. Additionally, high demand for thickening and gelling applications from food and beverage sector is expected to be the major factor boosting sales.
The extensive series of functions performed by hydrocolloids in food industry is a key driving force for the market. The foremost function contributing to the abundant utilization of the products in food industry is their capability to bind with water and enhance the properties of food ingredients.
Increasing demand for healthy food products is likely to translate into an ascending demand for hydrocolloids, thereby fueling growth of the global hydrocolloid market. Growing demand due to the convenience offered by processed food is expected to positively impact market in the forthcoming years.
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Polysaccharides are being increasingly utilized as an important constituent in healthcare and food and beverage applications on account of providing excellent hydrolyzing enzymatic properties. Therefore, industry presence for polysaccharide is expected to pose a substitutional threat to gelatin over the next seven years.
Gelatin is used in the production of a broad range of pharmaceuticals including wound dressings, blood volume substitutes, and homeostatic sponges. The development of pharmaceutical industry in U.S. and Canada in light of increasing expenditure for the incorporation of the latest technologies is anticipated to have a substantial impact on the market growth.
Grand View Research has segmented the hydrocolloids market on the basis of product, function, application:
Hydrocolloids Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·         Gelatin
·         Xanthan Gum
·         Carrageenan
·         Alginates
·         Pectin
·         Guar Gum
·         Gum Arabic
·         Carboxy Methyl
·         Cellulose, Agar
·         Locust Bean Gum
Hydrocolloids Function Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·         Thickening
·         Gelling
·         Stabilizing
·         Others
Hydrocolloids Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·         Food & Beverage
·         Personal Care & Cosmetics
·         Pharmaceutical
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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