USD 11.50 billion
Gum Hydrocolloid Market Size, Share, Growth Analysis, By Product(Gelatin, Xanthan gum, Carrageenan, Alginates), By Foam(Powder, Gel), By Source(Seaweed extracts, Animal extracts, Botanical extracts, Microbial extracts), By Function(Gelling, Thickening, Stabilizing, Encapsulating), By Application(Food and beverages, Bakery and confectionery, Meat and poultry products, Sauces and dressings), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30C2145 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
159
|Figures:
70
Gum Hydrocolloid Market Insights
Global Gum Hydrocolloid Market size was valued at USD 11.50 billion in 2022 and is poised to grow from USD 12.16 billion in 2023 to USD 18.94 billion by 2031, at a CAGR of 5.70% during the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Xanthan gum
Fastest Growth
Growth Rate
5.70% CAGR
Global Gum Hydrocolloid Market By Product Type ($ Bn)
Country Share for North America Region (%)
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Gum Hydrocolloid Market Segmental Analysis
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.
Global Gum Hydrocolloid Market By Product Type
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Gum Hydrocolloid Market Regional Insights
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.
Global Gum Hydrocolloid Market By Region
- Largest
- Fastest
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Gum Hydrocolloid Market Dynamics
Drivers
Increasing Expansion of the Oil and gas Industry Boosts Market Growth
- The growing oil & gas sector stands as a pivotal driver propelling market growth, with guar gum assuming a critical role in the intricate processes involved in oil and natural gas production, harnessing cutting-edge technology. Its multifaceted benefits as a viscosity stabilizer and fracturing fluid enhancer elevate its indispensability within this sector. Guar gum's inherent properties contribute significantly to stabilizing viscosity levels and optimizing the effectiveness of fracturing fluids, thereby augmenting its widespread acceptance and utilization within the oil and gas industry.
Restraints
Stringent Government Regulations and Operational Delays to Hinder Growth
- Several influential regulatory bodies worldwide maintain vigilant oversight over the utilization of hydrocolloids in diverse food products, ensuring stringent adherence to food safety standards. Entities like the United States Food and Drug Administration (USFDA), the European Parliament and Council, the World Health Organization (WHO), and the Food and Agriculture Organization Expert Committee on Food Additives play pivotal roles in monitoring and regulating these additives. These bodies are responsible for establishing and enforcing guidelines that govern the permissible levels and safe usage of hydrocolloids, whether used directly or indirectly in food and beverages.
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Gum Hydrocolloid Market Competitive Landscape
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.
Top Player’s Company Profiles
- Nestlé
- Danone
- Chobani
- Yoplait
- Fage
- Yakult
- La Yogurt
- Stonyfield Farms
- Greek Gods
- General Mills
- Lifeway Foods
- Valio
Recent Developments
- In March 2022, the Indian NGO, S M Sehgal Foundation, embarked on a collaborative venture with Ashland LLC, marking the inception of the 'Sustainable Cluster Beans Project.' This pioneering initiative was designed to encompass 250 farms spread across 10 villages in Sriganganagar. Its primary objective was to empower local farmers by imparting knowledge on advanced cultivation techniques and efficient sugar production methodologies tailored specifically for cluster beans.
Gum Hydrocolloid Key Market Trends
- The surge in plant-based and vegan dietary preferences has significantly propelled the utilization of gum hydrocolloids within these food categories. These hydrocolloids play a crucial role in imparting structure and texture to an array of plant-based alternatives, including meat substitutes, dairy-free options, and various other vegan food products. Employed for their remarkable ability to mimic the texture and mouthfeel of animal-derived ingredients, gum hydrocolloids serve as essential components in creating the desired consistency and sensory experience in these plant-based offerings.
Gum Hydrocolloid Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
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 |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Gum Hydrocolloid Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Gum Hydrocolloid Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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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