Hydrocolloids are a diverse group of long chain polymers characterized by their property of forming viscous dispersions or gels when dispersed in water. Hydrocolloids have a wide array of functional properties in foods including; thickening, gelling, emulsifying, stabilization, coating and others. A hydrocolloid is a colloid system where the colloid particles consist of hydrophilic polymers dispersed in water.
The growth of the hydrocolloids market is driven by the rising demand for healthier and natural food ingredients from the food industry. Hydrocolloids are widely used in dairy products, confectionery, meat & poultry products, beverages, bakery, sauces & dressings, and other applications. The major driver of the global Hydrocolloids market is the increased interest shown in Research & Development and innovations in hydrocolloids. The increasing consumption of processed food is also one of the major key factors driving the market growth.
Hydrocolloids Market Forecast Report (2018-2023)
Hydrocolloids market size was around USD 6.86 billion in 2018. It is expected to grow at a CAGR of 5.75% to reach USD 9.07 billion by 2023.
The global Hydrocolloids market can be categorized on the basis of type, source, function, application and region. Based on the type, the market is segmented into Gelatin, Starch, Xanthan Gum, Carrageenan, Alginate, Pectin, Agar, Galactomannans and Others. Based on Source, the market is categorized into Natural Sources such as Plants, Animals, Microbial, Seaweed and Synthetic Source. On the basis of function, they are classified as Stabilizer, Emulsifier, Jellying Agent, Fat Replacer, Coating Agents and Others. Based on application, the market is classified into dairy & frozen products, bakery, meat, poultry & seafood, beverages, confectionary, Oils & Fats and Others.
By geography, the global Hydrocolloids market has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Presently, North America accounts for the largest market share followed by Asia pacific and Europe.
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