USD 12.32 billion
Report ID:
SQMIG30B2055 |
Region:
Global |
Published Date: February, 2025
Pages:
196
|Tables:
100
|Figures:
71
Global Hydrocolloids Market size was valued at USD 12.32 billion in 2023 and is poised to grow from USD 13.06 billion in 2024 to USD 20.81 billion by 2032, growing at a CAGR of 6.0% during the forecast period (2025-2032).
Growing consumption of processed and ready-to-eat food products around the world is slated to primarily drive the demand for hydrocolloids. Rising health consciousness among people and the subsequent hike in consumption of nutritional products are also estimated to favor the global hydrocolloids market growth going forward. Increasing investments in the expansion of the food and beverage industry to meet the growing food demand of the rapidly expanding global population is also driving hydrocolloids sales. Expansion of application scope for hydrocolloids across multiple industry verticals such as pharmaceuticals, cosmetics, and personal care products are also anticipated to offer new opportunities for market players over the coming years. Growing demand for clean-label ingredients in food and other products is also forecasted to favor the demand for hydrocolloids in the long run. On the contrary, high costs of production, volatility in raw material pricing, strict regulatory requirements, and competition from synthetic alternatives are the top restraints estimated to impede the adoption of hydrocolloids through 2032 and beyond.
Market snapshot - 2025-2032
Global Market Size
USD 12.32 billion
Largest Segment
Gelling
Fastest Growth
Thickening
Growth Rate
6.0% CAGR
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Global Hydrocolloids Market is segmented by Product, Source, Function, Application and region. Based on Product, the market is segmented into Gelatin, Xanthan Gum, Carrageenan, Alginates, Pectin, Guar Gum, Carboxy Methyl Cellulose, Agar, Gellan Gum and Locust Bean Gum. Based on Source, the market is segmented into Animal, Botanical, Seaweed, Microbial and Synthetic. Based on Function, the market is segmented into Thickeners, Stabilizers, Gelling Agents, Fat Replacers and Coating Materials. Based on Application, the market is segmented into Food & Beverages, Pharmaceuticals, Cosmetics and Personal Care and Other Applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The gelling segment is forecasted to account for a substantial chunk of the global hydrocolloids market share going forward. Hydrocolloids are capable of changing the viscosity of water, which allows better control of the gelling process in multiple industry verticals thereby contributing to the dominance of this segment. Increasing emphasis on controlling texture of food and influencing their organoleptic properties are expected to bolster the demand for hydrocolloids with gelling functionality. Agar, xanthan gum, pectin, and gelatin are some of the most extensively used hydrocolloids for gelling applications across different industry verticals.
Meanwhile, the thickening segment is forecasted to account for the second-largest share of the global hydrocolloids industry in the future. Viscosity inducing effect of certain hydrocolloids makes them a highly preferrable choice for thickening of products and formulations. The ability of hydrocolloids to deliver high viscosity and thickness at a concentration below 1% is also expected to drive their preference in multiple applications. Soups, salad dressings, sauces, and gravies are some key food products where the use of hydrocolloids for thickening is high. Starch, guar gum, xanthan, locust bean gum, gum tragacanth, gum karaya, and gum Arabic are some of the popularly used hydrocolloids for thickening function.
The food & beverage segment is slated to hold sway over the global hydrocolloids market size over the coming years. Rapidly surging demand for packaged and ready-to-eat food products and increasing consumption of highly processed beverages are helping this segment lead hydrocolloid demand. The growing emphasis of food manufacturers to improve the texture, mouthfeel, and shelf life of their offerings is also anticipated to cement the dominance of this segment in the long run. Increasing the incorporation of functional food ingredients in food products is also estimated to favor the adoption of hydrocolloids in this segment going forward.
On the other hand, the use of hydrocolloids in pharmaceuticals accounts for the second-largest share of the global hydrocolloids industry. The rheology control and water-binding properties of hydrocolloids are helping them gain popularity among pharmaceutical manufacturers. Growing demand for pharmaceuticals and expansion of pharmaceutical manufacturing activity around the world are creating new opportunities for hydrocolloid suppliers in the long run. Hydrocolloids can also be used to enhance drug release in oral pharmaceutical formulations and used as suspension agents in liquid formulations. Moreover, the rising use of hydrocolloid dressings for chronic venous ulcers, pressure ulcers, burns, partial thickness wounds, diabetic foot ulcers are also expected to boost revenue generation for market players.
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Europe is estimated to account for the highest demand for hydrocolloids on a global level. High use of hydrocolloids in the food & beverage industry, rising pharmaceutical manufacturing activity, and substantial production capacity of hydrocolloid manufacturers in this region are helping it emerge as the dominant regional market. The rising popularity of veganism among consumers in this region is slated to bolster the sales of plant-based and seaweed-derived hydrocolloids over the coming years. Germany, France, and the United Kingdom are slated to emerge as the leading markets for hydrocolloid suppliers looking to make a mark in the European region through 2032.
Meanwhile, the Asia-Pacific region is slated to account for the second-largest share of the global hydrocolloids industry. Surging consumption of processed food, expanding population, and abundant availability of raw materials for hydrocolloid production are helping this region generate new opportunities for market players. China is projected to emerge as the most opportune market for hydrocolloid companies operating in this region on the back of high consumer demand for food and beverages. Meanwhile, India, South Korea, Japan, and Indonesia are also forecasted to be highly rewarding countries for companies looking to boost revenue generation in the Asia Pacific across the study period.
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High Demand for Processed and Convenience Foods
Increasing Use in Nutritional Products
Competition from Synthetic Alternatives
Stringent Regulatory Requirements
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Hydrocolloid manufacturers are expected to focus on adoption of advanced processing and extraction technologies to reduce their costs of production. Targeting countries with high food processing and pharmaceutical manufacturing activity remains the top priority for all hydrocolloids companies. High preference for clean-label ingredients and rising adoption of plant-based diets are also slated to generate new opportunities as per the global hydrocolloids market analysis.
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As per SkyQuest analysis, rising demand for processed and convenience food products and rising demand for nutritional products are slated to bolster the sales of hydrocolloids in the future. However, stringent regulatory requirements and competition from synthetic alternatives are expected to hamper the demand for hydrocolloids over the coming years. Europe is estimated to spearhead the demand for hydrocolloids owing to the presence of leading hydrocolloid manufacturers and high demand for plant-based hydrocolloids. Development of plant-based and seaweed-derived hydrocolloids for use in functional food products is slated to offer new business scope for market players in the long run.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 12.32 billion |
Market size value in 2032 | USD 20.81 billion |
Growth Rate | 6.0% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Hydrocolloids Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hydrocolloids Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hydrocolloids Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Hydrocolloids Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Global Hydrocolloids Market size was valued at USD 11.88 Billion in 2023 and is poised to grow from USD 12.61 Billion in 2024 to USD 20.25 Billion by 2032, at a CAGR of 6.1% during the forecast period (2025-2032).
Hydrocolloid manufacturers are expected to focus on adoption of advanced processing and extraction technologies to reduce their costs of production. Targeting countries with high food processing and pharmaceutical manufacturing activity remains the top priority for all hydrocolloids companies. High preference for clean-label ingredients and rising adoption of plant-based diets are also slated to generate new opportunities as per the global hydrocolloids market analysis. '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)'
Growing adoption of hectic lifestyles has led to high demand for convenience foods and processed food products. These ready-to-eat food products are packed with different types of hydrocolloids as they act as thickeners, stabilizers, and gelling agents to enhance the texture and shelf life of these food products.
Demand for Plant-based Hydrocolloids: Hydrocolloid companies can focus on developing and launching new plant-based and seaweed-derived hydrocolloids to maximize their business scope in the future. The surge in popularity of veganism and high adoption of plant-based diets are estimated to help make this vital hydrocolloids market trend for companies looking to make a mark in the long run.
Europe is estimated to account for the highest demand for hydrocolloids on a global level. High use of hydrocolloids in the food & beverage industry, rising pharmaceutical manufacturing activity, and substantial production capacity of hydrocolloid manufacturers in this region are helping it emerge as the dominant regional market. The rising popularity of veganism among consumers in this region is slated to bolster the sales of plant-based and seaweed-derived hydrocolloids over the coming years. Germany, France, and the United Kingdom are slated to emerge as the leading markets for hydrocolloid suppliers looking to make a mark in the European region through 2032.
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Report ID: SQMIG30B2055
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