Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 9,928.5 Million | USD 13,381.3 Million | 5.1% | 2021 |
FrequentlyAsked Questions
The increased customer preference for convenience foods indirectly adds to the rising demand for hydrocolloids, which are used as stabilizers, binding agents, and thickening agents in convenience foods. In addition, due to the customers' hectic lifestyles, the processed food business is driven by a higher need for convenience.
According to the Market Research report, the Food Hydrocolloids Market size was worth about 9,928.5 (USD million) in 2021 and is predicted to grow to around 13,381.3 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 5.1 percent.
During the projected period, North America will be the fastest-growing market for hydrocolloids. Given the region’s food habits and eating habits, there is a specific demand for the chemical for oil and fat reduction. As a result, consumers would like products that are low in oil and fat, which is achievable with the right use of hydrocolloids.
Some of the main competitors dominating the Food Hydrocolloids Market include - De Pont De Nemours & Company, Cargill Incorporated, Darling Ingredients, Kerry Group plc, CP Kelco, Fuerst Day Lawson, Ingredion Incorporated, Ashland Inc., Koninklijke DSM N.V., Rico Carrageenan, Archer Daniels Midland Company, Hispanagar, S.A, CEAMSA, FMC Corporation, Lubrizol Corporation, Jungbunzlauer, B&V SRL, Tate, Lyle PLC, Fiberstar, Inc.
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