Gum Hydrocolloid Market Scope

The global gum hydrocolloid market is projected to reach USD 14.36 billion by 2027. It is expected to garner revenues at a CAGR of 6.2% over the forecast period.

Gum hydrocolloid are functional ingredients used as thickeners, stabilizers, and emulsifiers. They are obtained from synthetic and natural sources with applications in agriculture, pharmaceuticals, personal care, oil gas, and food beverages. The global gum hydrocolloid market report by Market Research Future (MRFR) considers drivers, challenges, trends, and hurdles for the period of 2019 to 2027 (forecast period). The impact of the COVID-19 pandemic and its effects have been noted in the report.

The North America gum hydrocolloid market is witnessing steady growth, driven by the increasing demand for natural and plant-based food ingredients. Gum hydrocolloids, such as xanthan gum, guar gum, and locust bean gum, are widely used in the food and beverage industry for their thickening, stabilizing, and gelling properties. The market in North America is characterized by the presence of key players offering a wide range of gum hydrocolloid products to cater to the diverse needs of consumers.

Huge demand for convenience foods and indulgence of processed foods can drive the need for gum hydrocolloid which provide functional nutrients to the body. The rising wave of health-consciousness among consumers has led to food and beverage manufacturers to shift to natural ingredients in their formulations.  This is evident with the use of pectin, guar gum, locust bean gum, and carrageenan. According to Agriculture and Agri-Food Canada, the U.S. accounted for USD 68.17 billion worth of bakery products.

Complexities in attaining raw materials and adherence to strict regulations can restrain market growth.

Competitive Intelligence

Ingredion Incorporated (US),Kerry Group (Ireland),Cargill,ADM (US),Incorporated (US),Darling Ingredients Inc. (US),DuPont (US) are the global gum hydrocolloid key market players.

Segmentation

The global gum hydrocolloid market overview has been segmented by type, source, and application.

Based on type, the market has been divided into agar, pectin, gelatin, alginates, carrageenan, gum arabic/acacia gum, guar gum, xanthan gum, and others. The gelatin segment dominated the global gum hydrocolloid market in 2018 with a market share of more than 18%.

By source, the global gum hydrocolloid market has been divided into natural and synthetic. The natural segment accounted for the largest market share in 2018, with a value of USD 19,118.6 million in 2027.

The application segments of the market are food and beverages and others. The food and beverages segment has been further segmented into meat, poultry, and seafood products; dairy and frozen desserts; bakery and confectionery; creams, dressings, and spreads; and beverages, among others. The food and beverage segment is expected to register a higher CAGR of 5.55% during the forecast period. This can be attributed to the use of gum hydrocolloid as food additives to alter the composition and texture of food items. This is exemplified by its use in jellies, jams, ice creams, cakes, and candies.

Related Reports

Shortening Market Research Report – Forecast to 2030

Sparkling Wine Market Research Report – Forecast to 2030

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America