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Gum Hydrocolloid Market

Gum Hydrocolloid Market By Type, Function, Application & Region - Forecast 2022 - 2032

Market Insights on Gum Hydrocolloid covering sales outlook, demand forecast & up-to-date key trends

Gum Hydrocolloid Market Overview

The gum hydrocolloid market is anticipated to register a CAGR of 5.4% during the forecast period, up from US$ 9.7 Bn in 2020 to reach a valuation of US$ 13.36 Bn by 2026.

Report Attribute

Details

Estimated Base Year Value (2020)

US$ 9.7 Bn

Anticipated Forecast Value (2026)

US$ 13.36 Bn

Projected Growth Rate (2022-2032)

5.4% CAGR

Sales of gum hydrocolloid are expected to rise due to the increase in popularity of natural ingredients in food and drinks. Hydrocolloid

In addition to this, demand for gum hydrocolloid is rising on account of its high usage in the baking business, and it is expected to rise even faster in the pharmaceutical and cosmetics industries. Gum hydrocolloid market is also becoming more popular as an ingredient in the dairy and confectionery industries.

Increasing health consciousness amongst people has led to a rise in low-calorie food supplements and is also projected to contribute to the growth of the gum hydrocolloid market share.

The report sheds light on the factors improving the sales of gum hydrocolloid, and, in turn, the opportunities for the market players. However, the gum hydrocolloid market also faces some challenges, which might limit the gum hydrocolloid market share from reaching its potential.

Some of the key gum hydrocolloid market trends promoting the demand for gum hydrocolloid include a rising knowledge of the negative effects of synthetic and chemical goods on the skin, demand for natural components and clean-label cosmetics is on the rise all over the world.

Synthetic chemicals in cosmetics cause skin irritation, rashes, and allergies, resulting in a paradigm shift towards natural alternatives.

As a result, due to their thickening, jelling, and water-binding capabilities in various cosmetics and personal care products, national additives became the preferred option of most customers globally, prompting the integration of gelatin, carrageenan, xanthan gum, and others and therefore, increasing the demand for gum hydrocolloid.

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What are the Key Drivers of the Gum Hydrocolloid Market Share?

The sales of gum hydrocolloid will be majorly driven by the increasing consumer preferences for natural food products. The rise in consumption of natural ingredients will equally catalyze the growth in the demand for gum hydrocolloids.

Besides this, the impact of R&D to enhance the gelling properties of gum hydrocolloid ingredients will also incite the growth in the demand for gum hydrocolloids.

Shortage of natural raw materials can be observed as a major challenge restraining the growth of the sales of gum hydrocolloid. The irregular supply of such raw materials will subsequently hike their prices, and increase the production costs of using gum hydrocolloids as additives.

The seasonal nature of sales of gum hydrocolloids can also limit the usage of available raw materials and affect the growth of the global gum hydrocolloids market.

Nandini Roy Choudhury
Principal Consultant
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Which is the Leading Region in the Gum Hydrocolloid Market?

North America is expected to be the most lucrative region in the global gum hydrocolloid market.

The demand for gum hydrocolloids market has been rising in the United States and Canada, owing to the large markets for candy, bakery, convenience foods, and packaged food goods.

The changing lifestyle and food consumption in developing countries such as China and India are also anticipated to increase the demand for gum hydrocolloid market in Asia Pacific.

How is the Competitive Landscape in the Gum Hydrocolloid Market?

In order to increase the demand for gum hydrocolloid market, manufacturers are aimed at inculcating scientific developments in the production techniques of sales of gum hydrocolloids.

The leading competitors in the global gum hydrocolloid market include Cargill Inc., Kerry Group PLC, Archer Daniels Midland Company (ADM), E. I. Du Pont De Nemours & Company, Royal DSM, and Danisco A/S, among others.

The rising prevalence of obesity and cardiovascular illnesses in the gum hydrocolloid market has increased consumer demand for calorie-free, cholesterol-free, chemical-free, and natural food components such as hydrocolloids, which is expected to drive the sales of gum hydrocolloid market over the forecast period.

However, the demand for gum hydrocolloid market is projected to be driven by regulatory approvals for the use of hydrocolloids, as well as advancements in food hydrocolloids.
The report consists of key players contributing to the gum hydrocolloid market share. It also consists of organic and inorganic growth strategies adopted by market players to improve their market positions. This exclusive report analyses the competitive landscape and gum hydrocolloid market share acquired by players to strengthen their market position.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 5.4% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Type
  • Function
  • Application
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APAC
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Mexico
  • Brazil
  • Germany
  • Italy
  • France
  • U.K
  • Spain
  • Nordics
  • Belgium
  • Netherlands
  • Luxembourg
  • Poland
  • Russia
  • China
  • ASEAN
  • Australia & New Zealand
  • Japan
  • GCC
  • South Africa
  • North Africa

Key Companies Profiled

  • Cargill Inc.
  • Kerry Group PLC
  • Archer Daniels Midland Company (ADM)
  • E. I. Du Pont De Nemours & Company
  • Royal DSM
  • Danisco A/S

Customization Scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Frequently Asked Questions

The Gum Hydrocolloid market is predicted to register a CAGR of 5.4% during the forecast period.

Key players holding substantial Gum Hydrocolloid market share include Cargill Inc., Kerry Group PLC, Archer Daniels Midland Company (ADM), E. I. Du Pont De Nemours & Company, Royal DSM, and Danisco A/S, among others.

As per the analysis, the gum hydrocolloid market share is likely to be US$ 13.36 Bn by 2026.

Demand for Gum Hydrocolloid is likely to rise on the back of increasing consumption of natural ingredients.

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Nandini Roy Choudhury
Principal Consultant
LinkedIn
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Gum Hydrocolloid Market