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Global $10 Billion Hydrocolloids Market Trends, Opportunities and Forecasts to 2023 -

DUBLIN, Feb 09, 2018 (BUSINESS WIRE) --

The "Global Hydrocolloids Market - Industry Trends, Opportunities and Forecasts to 2023" report has been added to's offering.

The global hydrocolloids market is projected to grow from US$8.260 billion in 2018 and to grow to US$10.367 billion in 2023, exhibiting a CAGR of 4.65% during the forecast period.

Hydrocolloids are used extensively in wide variety of food products as gelling and thickening agents for improving shelf-life and quality of food products. Growing global demand for processed and ready-to-use food and beverage items augments the demand for hydrocolloids across food and beverage sector. Rising applications of hydrocolloids across end use sectors such as textiles and pulp and paper industry further propels the growth of global hydrocolloids market.

Geographically, North America holds the largest market share across the globe owing to the presence of major market players in the region coupled with high investment in R&D activities. However, Asia-Pacific will witness the fastest regional market growth during the projected period owing to the rising demand for processed and convenient food items in the region. Growing awareness about medicines among consumers is boosting the demand for OTC drugs in countries like China and India which, in turn, further supports the demand for hydrocolloids across pharmaceutical sector in the region.


By Product Type

Guar Gum Gum Arabic Xanthan Starch Locust Bean Gum Gelatin Agar Carrageenan Alginate Pectin Others

By Source

Animal Plants Synthetic

By Function

Gelling Thickener Coating Emulsifier Others

By End-User Industry

Food and Beverage Pharmaceuticals Cosmetics and Personal Care Textiles Paints and Coatings Others

By Geography

North America South America Europe Middle East & Africa Asia-Pacific

Companies Mentioned

Cargill Incorporated DowDuPont Ashland Ingredion Darling Ingredients, Inc Kerry Group Plc DSM The Lubrizol Corporation CP Kelco

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SOURCE: Research and Markets 
Laura Wood, Senior Manager 
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Related Topics: Food Processing

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