Outlook of Hydrocolloids Market status and development trends reviewed in new report
Hydrocolloids are preferably used in food formulations to improve shelf-life and quality attributes. It is used as gelling and thickening agents. In thickening agents, it is found in sauces, salad dressings, soups, and toppings while in gelling agents it is found in products including jelly, jam, and marmalade. Increase in living standard along with rise in processed food demand may drive industry growth over the foreseeable future. Additionally, it produces edible films on food surfaces and components.
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Hydrocolloids Market size may witness significant growth due to its increased application in food & beverage industry on account of its ability to enhance stability, texture, viscosity and physical appearance.
Hydrocolloids is typically a gel in which hydrophilic polymers are suspended in water. It is sourced from starch, galactomannans, pectin, Arabic gum, beta glucan chitosan and gellan. it is primarily produced from seeds, seaweed extracts, fruit peels, tree sap and animal extracts. Microbiological products are also manufactured from bacteria like xanthan gum and methylcellulose.
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Strong application scope in meat & poultry products may drive hydrocolloids market owing to its water-binding and texture modifying properties along with cost effective way of replacing fats in meat products. Gelling agents like carrageenan and starch are used in the meat industry to improve water retention in meat.
Hydrocolloids are used as suspending agents and rheology control in pharmaceutical formulations. They have different applications in different pharmaceutical dosage depending on critical micelle concentration, bioadhesive strength, adsorption power, and HLB value. Global pharmaceutical market may witness gains at over 6.5% by 2024. Rise in disposable income along with consumer awareness towards healthcare devices may favor industry growth.
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- Hydrocolloids Market size & share forecast by product & application 2017-2024
- Growth drivers, pitfalls & industry challenges
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Positive application scope in bakery sector may drive hydrocolloids market size. It is used in baked products thereby increasing loaves volume and extend shelf life. Global bakery ingredients market size was over USD 10.5 billion in 2016, with gains at over 5.5%. rising consumption of bakery products including cakes, pastries, biscuits, and bread may stimulate industry growth.
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Seaweed hydrocolloids market size may witness steady growth over the forecast timeframe. Increasing seaweed consumption as food extract, bio-refining and medicinal use may drive industry growth. Increasing consumer awareness accompanied with rising application scope in pharmaceutical and food sectors may fuel product demand.
Xanthan gum is used as elastic thickener hydrocolloids which is applicable in cold and hot applications. Global xanthan gum market size may witness gains at over 6%. Change in consumer lifestyle mainly in China, India, Russia, and Brazil should stimulate industry growth. Positive indicators from regulatory bodies including FDA and USDA regarding xanthan gum usage in medicines and bakery products may favor industry growth.
Global hydrocolloids market share is moderately fragmented. Key market players operating in the industry includes Cargill, DuPont, Ingredion, CP Kelco, Kerry Group and Royal DSM.
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