A colloid is basically a mixture of non-crystalline substances made up of molecules of one substance which is diffused via a second substance. This further includes sols, gels, and emulsions where these particles do not settle and also cannot be separated ordinarily. Hydrocolloids are known as a colloid system where these colloids are dissolved in water depending on the quantity of water which can take place in different states like gel or sol. Some of the common examples of hydrophilic substances include sugar, starch, salt, and cellulose. Hydrocolloids further find application in several food formulations, including sauces, toppings, gravies, salad dressings, and soups. They are again used in various food products such as cakes, gelled desserts, ice creams, candies, jellies, and jams to achieve the desired texture.
MARKET SCOPE
The "Global Hydrocolloids Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hydrocolloids market with detailed market segmentation by type, application, category, and geography. The report provides key statistics on the market status of the leading hydrocolloids market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global hydrocolloids market is segmented into gelatin, carrageenan, guar gum, xanthan gum, alginates, and others
- Based on application, the global hydrocolloids market is segmented into bakery and confectionery, dairy and frozen desserts, soups sauces and dressings, beverages, meat poultry and seafood, and others
- Based on category, the market is bifurcated into natural and synthetic
MARKET DYNAMICS
Drivers
- Increased R&D and innovations in hydrocolloids
- High application in confectionaries, salad dressing, and toppings
- Increasing consumption of premium food & beverage products
Restraints
- Volatilities in the pricing of raw materials
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The hydrocolloids market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hydrocolloids market in these regions.
IMPACT OF COVID-19 ON HYDROCOLLOIDS MARKET
As of May 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting the business collaborations as well as partnerships opportunities.
Due to Covid-19 pandemic, food and beverage industry is also facing huge losses, which is further impacting on world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the hydrocolloids market. However, as the economies are planning to revive their operations, the demand for hydrocolloids is presumed to rise globally, since consumers are buying food products through online retailers. Some of the safety measures followed by the companies include limiting direct contact with delivery person & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products will take a hike.
MARKET PLAYERS
The report covers key developments in the hydrocolloids market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as type launches, type approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hydrocolloids market are anticipated to lucrative growth opportunities in the future with the rising demand for hydrocolloids in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hydrocolloids market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Archer Daniels Midland Company
- Ashland
- Cargill, Incorporated
- DSM
- Brenntag AG
- Glanbia plc
- Ingredion Incorporated
- Tate and Lyle PLC
- Nexira
- TIC Gums, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.