Hydrocolloids Market

Market Leader - Hydrocolloids Market

The global hydrocolloids market was valued at USD 9.73 billion in 2020 and is projected to reach USD 13.36 billion by 2026, at a CAGR of 5.4% during the forecast period. The convenience and ready-to-go foods save time and energy and can be broken down into frozen foods, canned foods, ready-to-eat snacks, meals, chilled foods, and more. Ease of use, high nutritional value, functionality, and quick delivery are just a few of the many attributes that consumers look for in convenience foods, meaning that companies are having to develop increasingly innovative and creative ideas to meet this demand. The growing consumption and increase in demand for convenience food directly impact the increase in the utilization of hydrocolloids in these food products to improve shelf-life, quality, and other factors. It enhances the viscosity and improves the textural properties of various food products, such as processed meat, gravies, and sauces.

The hydrocolloids market is highly fragmented; hence, there are numerous players in the market offering a wide range of products; The global hydrocolloids market comprises major international players, such as Ingredion Incorporated (US), Cargill, Incorporated (US), DuPont (US), Darling Ingredients Inc. (US), ADM (US), and Kerry Group (Ireland). These players have focused on investment to gain a larger market share in the hydrocolloids market.

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Ingredion Incorporated (US) is one of the leading ingredient providers to the food & beverage, brewing, and pharmaceutical industries. It is engaged in the manufacturing and marketing of hydrocolloid products. The company processes cereals and grains, such as corn, tapioca, and wheat. Its product lines include starches (food-grade and industrial-grade) and sweeteners, feed products, and edible corn oil. The company provides a range of hydrocolloids that finds a number of applications in the food and beverage industry as it helps in emulsifying and stabilizing flavors, beverages, and other food products. It has a global presence and a wide geographic reach. The company caters to over 120 countries and is present in all major regions, such as North America, South America, Europe, Asia Pacific, and the Middle East & Africa.

Cargill (US) is involved in the manufacture and marketing of food, agricultural, financial, and industrial products and services. Its key business segments include specialty food ingredients & applications and bulk ingredients. It offers food ingredients through the food & beverage ingredients business segment. The company offers a wide range of hydrocolloids, including alginates, biopolymers (xanthan gum and scleroglucan), carrageenan, galactomannans (LBG), and pectins, to numerous food industries as well as pharmaceutical and cosmetic industries. Cargill has subsidiaries across 65 countries. It has R&D centers in Europe and North America. It provides services in Africa, Europe, Asia, Latin America, North America, and the Middle East that enable it to have a significant global presence. The key competitors of the company are Ashland Inc. (US), DuPont (US), and Ingredion Incorporated (US).

Kerry Group (Ireland) is a leading manufacturer of food ingredients and flavors. It is engaged in the manufacturing and marketing of food ingredients and flavors for the food, beverage, and pharmaceutical industries. The company operates through two business segments: taste & nutrition and consumer foods. Kerry offers a wide array of texturant and Gum acacia. Kerry’s texturant and texture systems are blends of emulsifiers, hydrocolloids, and other selected functional ingredients that deliver specific performance in application, such as improving mouthfeel and increasing product stability. The company has a strong focus on R&D, with more than 1,000 R&D scientists working for innovation. It supplies more than 15,000 consumer foods, food ingredients, and flavor products to customers in 150 countries across Europe, the Middle East, and Africa (EMEA), the Americas, and the Asia Pacific. It has 149 manufacturing facilities in 31 countries.

Related Reports:

Hydrocolloids Market by Type (Gelatin, Xanthan Gum, Carrageenan, LBG, Alginate, Agar, Pectin, Guar Gum, Gum Arabic, MCC, and CMC), Source (Botanical, Microbial, Animal, Seaweed, and Synthetic), Function, Application, and Region - Global Forecast to 2026

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Report Code
FB 2845
RI Published ON
11/10/2021
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