USD 11.50 billion
Report ID:
SQMIG30C2145 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
159
|Figures:
70
Gum Hydrocolloid Market size was valued at USD 12.16 Billion in 2023 and is poised to grow from USD 12.85 Billion in 2024 to USD 20.02 Billion by 2032, growing at a CAGR of 5.70% during the forecast period (2025-2032).
Guar gum, recognized by various names such as cluster bean gum, guaran gum, and goma guar, represents a natural galactomannan polysaccharide sourced from the guar plant's endosperm.
Originating from South Asian countries such as Pakistan and India, these guar crops have been cultivated across centuries in these regions. The projected surge in the utilization of gum within the food and pharmaceutical sectors is anticipated to serve as a significant catalyst for market expansion throughout the forecast period.
The gum hydrocolloid market is witnessing robust growth, propelled by several key factors. Chief among these is the expansion within the food industry, spurred by evolving consumer preferences and the steady rise in the global population.
In this landscape, gum hydrocolloids emerge as indispensable agents, elevating the texture and mouthfeel of food items, thereby augmenting their appeal to consumers.
Their pivotal role extends to stabilizing emulsions, ensuring product preservation, and extending shelf life, all crucial aspects in the competitive food and beverage sector.
Moreover, the prevalent clean label movement, where consumers actively seek natural and transparent food components, aligns seamlessly with the use of hydrocolloids, often perceived as natural additives.
As the demand for processed and convenience foods continues to soar, hydrocolloids stand as essential elements in preserving product quality and texture throughout production and storage phases.
Global Market Size
USD 11.50 billion
Largest Segment
Xanthan gum
Fastest Growth
Growth Rate
5.70% CAGR
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The global Gum Hydrocolloid market can be categorized into the following segments. Based on Product Type, the market can be categorized into Gelatin, Xanthan gum, Carrageenan, Alginates, Pectin, Guar gum, Gum arabic, Carboxymethylcellulose (CMC), Other gum hydrocolloids. Based on Foam, the market can be categorized into Powder, Gel. Based on Source, the market can be categorized into Seaweed extracts, Animal extracts, Botanical extracts, Microbial extracts, Other sources. Based on Function, the market can be categorized into Gelling, Thickening, Stabilizing, Encapsulating, Whipping, Others. Based on application, the market can be categorized into food and beverages, bakery and confectionery, meat and poultry products, sauces and dressings, dairy products, personal care and cosmetics, pharmaceuticals, and other applications. Based on region, the market can be categorized into North America, Europe, Asia Pacific, The Middle East and Africa.
Analysis by Product
In 2022, the gelatin segment asserted its dominance in the market, boasting the highest market size of USD 3.3 billion. Renowned for its multifaceted utility in the food and beverage industry, gelatin has an extensive history serving as a gelling agent, stabilizer, and thickening agent. Its widespread application spans the production of gummy candies, marshmallows, desserts, and various gel-based products. The escalating consumer demand for confectionery and processed foods has significantly fueled the reliance on gelatin, positioning it as a fundamental ingredient within these product categories.
The xanthan gum segment holds a pivotal position within the gum hydrocolloid market due to its exceptional properties and wide-ranging applications. Renowned for its remarkable thickening and stabilizing abilities, Xanthan gum plays a crucial role across multiple industries, including food and beverage, pharmaceuticals, cosmetics, and more. Its unique capability to create stable emulsions and suspensions, enhance texture, and provide viscosity control makes it an indispensable ingredient in numerous products.
Analysis by Foam
In 2022, the powder segment asserted its dominance within the market, capturing a substantial revenue share of 59.7%. Powdered hydrocolloids stand out for their remarkable versatility, offering a flexible solution applicable across diverse industries such as food and beverage, pharmaceuticals, personal care, and beyond. This adaptability renders them a favored choice among product developers and manufacturers seeking a versatile ingredient.
The gel segment occupies a vital position due to its substantial versatility and widespread applications. Gels, known for their unique ability to create structured systems and provide viscosity, play a fundamental role in industries spanning food and beverages, pharmaceuticals, cosmetics, and more. Within the food industry, gels contribute significantly to texture enhancement, stabilization, and the creation of appealing sensory experiences in various products, ranging from jams and jellies to dairy items and confectionery.
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The forecast for the gum hydrocolloid market indicates a pronounced dominance by the North America region. The United States and Canada stand out due to their substantial markets in confectionery, bakery, convenience food, and packaged food products, thus fueling the escalating demand for hydrocolloids. This surge in demand is intricately linked to the region's robust presence and consumption patterns within these key industries, establishing North America as a pivotal force propelling the hydrocolloid market forward.
In 2022, Asia Pacific secured the second-highest revenue share, totaling 29.0% within the gum hydrocolloid market. This notable market presence is underpinned by the escalating consumption of carboxymethyl cellulose (CMC) across diverse sectors, particularly in processed food products. The region's burgeoning demand for CMC stems from its extensive use as a stabilizer, thickener, and emulsifier in processed foods, catering to the evolving preferences of a growing consumer base.
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Drivers
Increasing Expansion of the Oil and gas Industry Boosts Market Growth
Restraints
Stringent Government Regulations and Operational Delays to Hinder Growth
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The competitive environment of the global gum hydrocolloid market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
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Hydrocolloids serve as indispensable tools in catering to evolving health and wellness trends, enabling the development of low-fat, reduced-sugar, and gluten-free food products. Their versatile applications extend into the burgeoning realms of functional foods and nutraceuticals, offering enhanced health benefits beyond basic nutrition. Scientific progressions and a growing emphasis on sustainability further propel the market's expansion, aligning with consumer demands and trends. As these demands persist and evolve, the Gum hydrocolloid market is anticipated to sustain its upward growth trajectory, fueled by its pivotal contributions across various industries and its adaptability to changing market dynamics.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 11.50 billion |
Market size value in 2031 | USD 18.94 billion |
Growth Rate | 5.70% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Gum Hydrocolloid Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Gum Hydrocolloid Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Gum Hydrocolloid Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Gum Hydrocolloid Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30C2145
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