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Market Scope

Market Research Future (MRFR) expects the gum hydrocolloid market to capture a growth rate of 4.7% over the evaluation period, which is between 2020 and 2027.

 

Gum Hydrocolloid

 

Key Boosters and Restraints

The gum hydrocolloid market has been exhibiting significant growth in the past couple of years, in the line with the soaring preference among consumers of different age groups for natural food ingredients. Since it is a functional food ingredient, hydrocolloid is extensively consumed in a variety of beverages and food products to enhance their stability, viscosity, physical appearance, and texture. It has use in different food formulations including toppings, sauces, gravies, soups, and salad dressings.

They also form an essential component of food products like candies, cakes, ice creams, gelled desserts, jams, and jellies, to achieve the desired texture. Rising acceptance, endorsements, functional and useful attributes, and the thriving bakery sector has raised the demand for gum hydrocolloids in the food & beverage industry.

Speaking of applications, gum hydrocolloids are also used in manufacturing of a variety of pharmaceuticals such as blood volume substitutes, homeostatic sponges, and wound dressings. Needless to say, the rapid expansion of the pharmaceutical sector across Canada, the United States and even in various emerging countries like India and China can leave a considerable impact on the global market in the long run.

Affluent Vendors

Prominent firms in the global gum hydrocolloid market include Darling Ingredients Inc. (the U.S.), CP Kelco (the U.S.), Cargill, Inc (the U.S), Rico Carrageenan. (Philippines), Kerry Group PLC (Ireland), Ingredion Incorporated (the U.S.), Ashland Inc. (the U.S.), and more.

Segmental Review 

Type, application, and functionality are the key segments that have been studied in the MRFR report, in order to present an exhaustive outline of the global gum hydrocolloid market.

The major gum hydrocolloids available in the global market are guar gums, xanthan, gellan gum, alginate, carrageenan, Arabic gum, and others. Xanthan gum is the top segment in the market and will carry on thriving throughout the analysis period, owing to this type’s extensive use in food, medicines, toothpaste, and various personal care items.

Primary applications of gum hydrocolloid are personal care products, dairy products, meat processing, confectionary, pharmaceuticals, bakery, and more. The leading spot has been captured by the bakery segment, while confectionaries segment is positioned second. But, the fastest growth trajectory will be charted by the personal care segment, on account of the technological advances in the cosmetic sector worldwide.

Functionality-wise, the segments considered in the report are stabilizing agent, gelling agent, thickening agent, and others. 

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Regional Insight

Asia Pacific/APAC, North America, Europe, as well as RoW/rest of the world are the prominent gum hydrocolloid markets.

Majority of the manufacturers in North America are focused on conducting exhaustive R&D and cater to the soaring demand for gum hydrocolloid in numerous end-use industries. Surging preference for natural food products in the face of rising adoption of a healthy lifestyle among consumers also benefits the regional market. As a result, the global market is currently headed by North America, while the US happens to be the most lucrative for gum hydrocolloid market in the region. The country is a major consumer of carrageenan and Xanthan gum, with the demand continuously rising in the food and beverage industry for different functionalities and applications.

In Asia Pacific, the market size is burgeoning rapidly, thanks to the changing food consumption habits of the consumers influenced by the surging disposable income. China should expect to attain the leading position in the region, on account of the extensive product use in the food and beverage sector. Booming population and the abundance of key raw materials available in the country also add to the market strength. The Philippines happens to be the biggest producer of carrageenan and is one of the leading exporters to other regions.

Industry News

These firms are channelizing their attempts at creating new technologies and products, utilizing innovative techniques to produce cost-effective products. They also strive to bring down risks in their supply chains to strictly adhere to the delivery needs. Big multinational firms are collaborating with smaller vendors to gain a stronghold in regional markets. Another strategic move made by these companies is focusing on expanding their production capacity, to accommodate the rapid increase in the product demand.

To illustrate, in June 2021, CP Kelco, a world-renowned developer of product ranges including gellan gum, xanthan gum, diutan gum, and carrageenan that are nature-based, has set up a new innovation facility. The new facility is part of the company’s expanding network of technical support and innovation units. The new facility also has research and development centers, a food and beverage plant, as well as a sensory assessment space to carry out sensory studies for comprehending consumer preferences and tastes.

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