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Gum Hydrocolloid Market Trends

Report ID: GMI7342
Published Date: Nov 2023
Report Format: PDF

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Gum Hydrocolloid Market Trends

The growing popularity of plant-based and vegan diets was driving the use of gum hydrocolloids in these products. These ingredients were employed to provide structure and texture in plant-based meat, dairy alternatives, and other vegan food items.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

Market size for gum hydrocolloid was USD 11.5 billion in 2022 and is expected to reach USD 19.8 billion by 2032 due to the rising number of health-conscious actively looking for cleaner labels and healthier food products.

Gum hydrocolloid industry size from the gelatin product type segment reached USD 3.3 billion in 2022 and is expected to witness robust CAGR from 2023-2032 due to its long history of usage in the food and beverage industry as a gelling agent, stabilizer, and thickening agent.

North America industry size for gum hydrocolloid reached USD 3.9 billion in 2022 and is expected to register commendable CAGR from 2023-2032 due to higher preference for products with clean labels and natural ingredients.

Nestlé, Danone, Chobani, Yoplait, Fage, Yakult, La Yogurt, Stonyfield Farms, and Greek Gods are some of the major gum hydrocolloid companies worldwide.