Growing demand for thickeners and gelling agents from pharmaceutical, personal care, cosmetics, and food & beverage industries, in the emerging economies of Asia Pacific, is driving the growth. The upsurge in the consumption of hydrocolloid-based products in building materials coupled with rising demand from the cosmetics industry is expected to boost the market growth over the forecast period. Additionally, the high demand for thickening and gelling applications from the food and beverage sector is expected to be the major factor in boosting sales.The extensive series of functions performed by hydrocolloids in the food industry is a key driving force for the market. The foremost function contributing to the abundant utilization of the products in the food industry is their capability to bind with water and enhance the properties of food ingredients. Increasing demand for healthy food products is likely to translate into an ascending demand for hydrocolloids, thereby fueling the growth of the global hydrocolloid market. Growing demand due to the convenience offered by processed food is expected to positively impact the market in the forthcoming years.
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Hydrocolloids are commonly used in numerous food formulations to enhance shelf-life and quality. The primary reason for their extensive popularity in the food industry is their capability to alter the rheology of the food system such as viscosity and texture. Such modifications are known to enhance the sensory properties of food and hence hydrocolloids are used as the key food additives to carry out specific functions.
While most of the hydrocolloids impart thickness and stickiness to aqueous dispersions, some of the biopolymers are known to form gels. The textural properties of food items such as brittleness or elasticity, spreadability or longevity, and creaminess or chewiness vary depending on the type of hydrocolloid being used. The other sensory properties such as mouth feel, opacity and taste also depend on the hydrocolloid employed.
Regional Insights
Asia Pacific accounted for the second-highest revenue share of 29.0% in 2022. Growing consumption of carboxymethyl cellulose in processed food products along with expanding textiles and the construction sector is expected to fuel the regional product demand. China is expected to remain a major consumer owing to rising demand for food and beverage products, Huge population along with abundant availability of raw materials is projected to drive the regional market growth.
Some of the prominent players in the global hydrocolloids market include:
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)
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