Global Hydrocolloids Market Analysis & Trends - Industry Forecast to 2030
Hydrocolloids: Market Size
From $13.9 billion in 2024, the global Hydrocolloids market is projected to reach $23.8 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 9.4% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include growing demand for fat replacers, shift in consumer preferences, and increase in investments in R&D.
Global Hydrocolloids Market: Market Dynamics
Wide range of applications of hydrocolloids, increasing demand for clean-label products due to rise in health and wellness awareness, and growing demand for ready meal and convenience food industry are the major factors driving the growth of the hydrocolloids market.
On the other hand, the existence of stringent regulations and international quality standards is likely to obstruct the profit boundaries. In addition, emerging markets in the Asia Pacific and Africa will further boost for the Hydrocolloids market.
Impact of COVID-19 on Hydrocolloids
The preventive effect of hydrocolloid dressing to prevent facial pressure and facial marks during the use of medical protective equipment in COVID-19 pandemic has been of great help to doctors and other front-line workers. However, the worldwide lockdown has also affected the farming practices, which has highly impacted the supply of raw materials of hydrocolloids. Moreover, COVID-19 impact on logistics also contributes to the increased prices of raw materials, which increases the cost for hydrocolloids manufacturers.
By Type
Gelatin Segment Dominate the Market in 2024
The gelatin segment made huge revenue in 2024 and growing its prominence during the forecast period. Gelatin is widely used in meat products to improve its appearance and gel the juices in processed hams. A strong rise in the global overweight and obese population has been a major influencing factor for the growth of the segment.
By Geography
North America Region is Leading in the Global Market Place
North America region is likely to have a huge demand in the forecast period owing to the increasing preference for products low in oil and fat, along with the presence of key market players in the region.
List of the Key Players Profiled in the Market Include:
List of the Regions/Countries Profiled in the Market Include:
North America • US • Canada • Mexico Europe • Germany • U.K • Italy • France • Spain • Rest of Europe Asia Pacific • China • Japan • India • Australia • New Zealand • Rest of Asia Pacific Middle East • Saudi Arabia • UAE • Rest of Middle East Latin America • Argentina • Brazil • Rest of Latin America Rest of the World (RoW) • South Africa • Others