The global hydrocolloids market size is expected to reach USD 17.83 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.0% from 2023 to 2030. 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 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.

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's production facility to keep up with the increasing demand for pectin.

Hydrocolloids Market Segmentation

Grand View Research has segmented the global hydrocolloids market based on product, function, application, and region:

Hydrocolloids Product Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)

• Gelatin
• Xanthan Gum
• Carrageenan
• Alginates
• Pectin
• Guar Gum
• Gum Arabic
• Carboxy Methyl Cellulose
• Agar
• Locust Bean Gum

Hydrocolloids Function Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)

• Thickening
• Gelling
• Stabilizing
• Others

Hydrocolloids Application Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)

• Food & Beverage
• Pharmaceutical
• Personal Care & Cosmetics
• Others

Hydrocolloids Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

List of Key Players

• DuPont
• Palsgaard
• Nexira
• Ingredion, Incorporated
• Kerry
• BASF
• Ashland
• CP Kelco U.S. Inc.
• Glanbia Nutritionals
• Darling Ingredients, Inc.
• Tate & Lyle Plc
• Cargill, Incorporated
• Fuerst Day Lawson
• Koninklijke DSM N.V.
• The Archer Daniels Midland Company (ADM)

Order a free sample PDF of the Hydrocolloids Market Intelligence Study, published by Grand View Research.