Gum Hydrocolloid Market

Gum Hydrocolloid Market – Overview

A functional food ingredient called hydrocolloid is added to foods and drinks to improve their viscosity, texture, stability, and outward appearance. Hydrocolloids isolate in water to produce gel-like substances. Hydrocolloids are derived primarily from natural, synthetic, animal, and microbial polymers. The growing inclination of consumers towards natural ingredients in food and beverage products is a prime factor boosting the sales projections of the global gum hydrocolloid market during the forecast period, set between 2021 and 2031.

The gum hydrocolloid market is categorized on the basis of type, application, function, source, and region. In terms of type, the market is grouped into Microcrystalline cellulose, Gum Arabic, Guar gum, Agar, Carrageenan, Gelatin, Carboxymethyl cellulose, Locust bean gum, pectin, alginates, and xanthan gum. Based on application, the market is grouped into pharmaceuticals, cosmetics & personal care products, and food & beverage. With respect to function, the market is categorized into coating materials, fat replacers, gelling agents, stabilizers, thickener, and others such as moisture-binding agents, emulsifier, and others.

The research report on gum hydrocolloid market offers an elaborate overview of the market and its key growth parameters such as drivers, restraints, challenges, and future opportunities. It also highlights the key innovations that made positive contribution to the market in terms of revenue generation. The impact of the novel COVID19 pandemic is also discussed in the report. List of the notable players and their key contributions in the form of innovations and system upgrades is also discussed in details. For more information, log on to the company website.

Gum Hydrocolloid Market – Competitive Landscape

The nature of the global gum hydrocolloid market is stable on account of the presence of a handful of players. Leading players of the gum hydrocolloid market are investing heavily on R&D activities and the production of better products to ensure their brand position in the overall market competition. Others are adopting multiple growth strategies, such as new product launches or quality control, joint ventures, and collaborations to reach for the top position in the overall market competition.

Some of the key players of the global gum hydrocolloid market include:

• Kerry Group
• ADM
• Darling Ingredients Inc.
• IDD Nutrition & Biosciences
• Cargill
• Ingredion Incorporated
• Other players

Gum Hydrocolloid Market – Growth Drivers

The use of hydrocolloids in multiple food products for thickening in soups, gravies, sauces, salad dressings, and others will serve as the key growth drivers for the gum hydrocolloid market. In addition to this, they are also used as emulsifiers, gel-forming agents, stabilizers, and water retention agents in food products and have high demand from jam and jelly manufacturing companies. This increasing demand for gum hydrocolloid will help promote the growth of this market in the forecast period. On the flipside, the stringent regulations on use of gelling agents and thickening agents as food additives may pose a serious challenge to the overall growth of this market in the near future. Nevertheless, the increasing demand for convenience foods as a result of major lifestyle changes is projected to create revenue generation opportunities for the gum hydrocolloid market in the near future.

Gum Hydrocolloid Market – Geographical Insights

Demographically, the market is widespread into the regions of North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Each of these regions is further categorized on the basis of nations and their key revenue collection. Among all these, North America emerged as the largest revenue generator for the gum hydrocolloid market with United States in the dominant position. This is owing to the lifestyle and food habits of people in the country. The rising inclination towards low-calorie food products among health conscious consumers is projected to help this regional market witness new growth opportunities in the coming years.