Gum Hydrocolloid Market Scope
Market Research Future (MRFR) presumes that the gum hydrocolloid market can acquire a moderate CAGR over the appraisal period, which is from 2020 to 2027.
Key Growth Boosters and Impediments
The gum hydrocolloids market could potentially chart a rapid growth trajectory in the coming few years, thanks to the mounting consumer preference for natural and healthier food ingredients. Given its popularity as a functional food ingredient, hydrocolloid finds use in a series of different beverages as well as food items for higher stability, better physical appearance, texture, and viscosity. It is used in a variety of food formulations that include sauces, toppings, soups, salad dressings, and gravies.
Gum hydrocolloids also play an integral role in various food items like cakes, candies, jams, ice creams, jellies, and gelled desserts, for a desired texture. Surging acceptance, functional attributes, endorsements, and the flourishing bakery industry worldwide have fostered the need for gum hydrocolloids within the food & beverage sector.
Speaking of key applications, some other uses of gum hydrocolloids are in the production of various pharmaceuticals including homeostatic sponges, wound dressings, and blood volume substitutes. Naturally, the huge expansion rate of the worldwide pharmaceutical sector, especially in Canada, the UK, and the United States along with emerging nations like India and China will be great opportunities for the gum hydrocolloid developers.
Segmental Review
Type, application, as well as functionality are some of the major segments considered in the report, for presenting an exhaustive framework of the gum hydrocolloid industry.
The primary Key gum hydrocolloid market players types available in the market include Arabic gum, guar gums, gellant gum, xanthan, carrageenan, alginate, and others. Xanthan gum clinches the lead in the market and could carry on its with its dominance all through the given period. Xanthan gum’s widespread use in medicines, food, personal care items, and toothpaste is responsible for the segment’s winning streak.
Major applications of gum hydrocolloid include dairy products, personal care products, confectionary, meat processing, bakery, pharmaceuticals, and more. It is likely that the food segment could thrive the most in the market while the pharmaceuticals segment can soar at the highest rate in the years to come.
Functionality-based segments are gelling agent, thickening agent, stabilizing agent, and more.
Regional Insight
Most of the gum hydrocolloid developers in North America conduct rigorous research and development activities to meet with the massive product demand from the various end-use industries. Heightened inclination towards natural food items in the wake of the surging prevalence of a healthy lifestyle among the people should benefit the North American market. In the region, the United States happens to be the market leader and is a key consumer of Xanthan gum and carrageenan. Majority of the demand comes from the food and beverage and pharmaceutical sectors for different applications and functionalities.
As the fastest paced market, Asia Pacific is seeing major changes in the food consumption and buying habits of the people, which is primarily influenced by the rise in their disposable incomes. China can anticipate substantial gains in the upcoming period, in response to the extensive use of various gum hydrocolloids within the beverage and food sector.
Affluent Vendors
The important developers of hum hydrocolloid are Cargill, Inc (the U.S), Rico Carrageenan (Philippines), Darling Ingredients Inc. (the U.S.), CP Kelco (the U.S.), Ashland Inc. (the U.S.), Kerry Group PLC (Ireland), Ingredion Incorporated (the U.S.), and more.
Latest Updates
February 2022
Uqora, the renowned urinary care company, has unveiled Wash, which its latest balancing vulva cleanser. Available at Uqora.com and priced at USD 13, Wash contains six major ingredients including xanthan gum, microcrystalline cellulose, coco glucosides, hydrogen peroxide, water, and lactic acid, and helps clean the intimate area while keeping the vaginal health intact.
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