Hydrocolloids Market Resilience Amid Economic Slowdowns
The global hydrocolloids market is witnessing strong and steady growth. In 2024, the market stood at USD 9.8 billion and is projected to reach USD 15.7 billion by 2034, growing at a CAGR of 4.8%. Hydrocolloids natural substances used to control texture and stability are widely applied in food, pharmaceuticals, and cosmetics. Gelatin is the leading type with a 24.6% market share, thanks to its versatility across various industries. Among functional uses, thickeners dominate with over 42% share due to their effectiveness in improving consistency and shelf life in foods like dairy, sauces, and bakery items. The food and beverage sector is the largest user of hydrocolloids, accounting for more than half of total demand.
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