How Clean Label Trends Are Shaping the Future of the Hydrocolloids Market
Hydrocolloids Market Overview:
Huge demand for convenience foods and indulgence of processed foods can drive the need for hydrocolloids which provide functional nutrients to the body. The rising wave of health-consciousness among consumers has led to food and beverage manufacturers to shift to natural ingredients in their formulations. This is evident with the use of pectin, guar guar gum, locust bean gum, and carrageenan. According to Agriculture and Agri-Food Canada, the U.S. accounted for USD 68.17 billion worth of bakery products.
The global Hydrocolloids Market Size is projected to reach USD 16.071 Billion by 2032. It is expected to garner revenues at a CAGR of 4.93% over the forecast period.
Complexities in attaining raw materials and adherence to strict regulations can restrain market growth.
Hydrocolloids are functional ingredients used as thickeners, stabilizers, and emulsifiers. They are obtained from synthetic and natural sources with applications in agriculture, pharmaceuticals, personal care, oil & gas, and food & beverages. The global hydrocolloids market report by Market Research Future (MRFR) considers drivers, challenges, trends, and hurdles for the period of 2019 to 2032 (forecast period). The impact of the COVID-19 pandemic and its effects have been noted in the report.
Competitive Intelligence:
DowDuPont, DSM NV, Darling Ingredients, Inc., Ingredion Incorporated, Archer Daniels Midland Company, Kerry Group PLC, Brenntag AG, Ashland Global Holdings, Inc., Cargill, Incorporated, and Tate & Lyle PLC are of the global Hydrocolloids Market Companies.