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The global hydrocolloids market reached a value of almost USD 11.24 Billion in 2024. The hydrocolloids industry is further expected to grow at a CAGR of 6.50% between 2025 and 2034 to reach a value of nearly USD 21.10 Billion by 2034.
2024
Base Year
2018-2024
Historical Period
2025-2034
Forecast Period
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With the growing vegan population, there is a rising demand for hydrocolloids such as pectin, agar-agar, and carrageenan to provide thickening, gelling, and stabilising properties without using animal-based ingredients. As per the National Center for Biotechnology Information (NCBI), there were nearly 88 million vegan individuals worldwide in 2023.
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Technological advancements in extraction and processing aimed at improving the efficiency and cost-effectiveness of hydrocolloid production with improved performance characteristics, including higher viscosity, solubility, and enhanced stability, are aiding the market. Moreover, advancements in extraction techniques to develop more sustainable hydrocolloids, such as those derived from renewable plant and seaweed sources, are expected to drive the market in upcoming years.
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Manufacturers in the hydrocolloids market are increasingly customising hydrocolloids to meet the specific needs of diverse applications in sectors such as food, packaging, cosmetics, and pharmaceuticals, among others, while reducing waste and improving the overall cost-effectiveness of production. In the forecast period, the growing interest in sustainable packaging is expected to surge the use of customisable hydrocolloids to create biodegradable, edible, and water-soluble films.
Hydrocolloids Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market attained a value of approximately USD 11.24 Billion.
The market is projected to grow at a CAGR of 6.50% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 21.10 Billion by 2034.
The major drivers of the market are increasing oil well drilling, strong pharma spending, and growing demand from the oil and gas industry.
The key trends guiding the growth of the market include the rising production of guar gum and increasing demand for hydrocolloids in the chemical and automotive sectors.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.
The major products of hydrocolloids in the market are corn starch, guar gum, carrageenan, and xanthan gum, with corn starch leading the market.
The major players in the global hydrocolloids market are Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Kerry Group plc, Lotus Gums & Chemicals, and Daicel Corporation, among others.
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