# Hydrocolloids market to grow at a CAGR of 4.9% during the forecast period

According to Next Move Strategy Consulting, the **[Hydrocolloids Market](https://www.nextmsc.com/report/hydrocolloids-market)** was valued at USD 13.15 billion in 2021 and is expected to reach USD 20.21 billion by 2030, at a CAGR of 4.9% during the forecast period 2022–2030, driven by the rising demand from the food and beverage industry.

The healthcare sector is increasingly using hydrocolloids as wound dressings for acute wounds because of their capacity to maintain a constant temperature and an acidic pH level in the wound, which inhibits bacterial growth and promotes the creation of connective tissue and collagen.

The hydrocolloids market, however, is being constrained by stringent regulatory laws that forbid the usage of hydrocolloids. Instead, buyers favour these things since they are simple to find and take little time to obtain. As a result of manufacturers employing hydrocolloids more frequently in processed foods to fulfil consumer demand, there should be plenty of room for market expansion in the years to come.

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Based on type, the hydrocolloids market is divided into gelatin, xanthan gum, carrageenan, alginates, agar, pectin, guar gum, locust bean gum (LBG), gum arabic, carboxymethyl cellulose (CMC), and microcrystalline cellulose (MCC). On the basis of application, the hydrocolloids market is segmented into thickener, stabilizers, gelling agents, fat replacers, coating materials, and others. Based on source, the market is categorized into source, botanical, microbial, animal, seaweed, and synthetic. On the basis of industry vertical, the market is divided into food & beverage, cosmetics, pharmaceuticals, and others. Region wise, the global hydrocolloids market is segmented into North America, Europe, Asia-Pacific, and RoW.

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Due to increased interest in hydrocolloid research, development, and innovations, the Asia-Pacific area has been the largest consumer of hydrocolloids. The North American area is anticipated to have consistent growth, which can be attributable to rising hydrocolloid consumption as a result of factors including rising customer health consciousness and rising interest in diet, nutrition, and natural products.

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The report offers an extensive analysis of competitive landscape of the hydrocolloids market. Some of the major market players in the hydrocolloids market include Cargill Inc., CP Kelco Inc., Kerry Group PLC, DSM N.V., Archer Daniels Midland Company, Ashland Global Holdings Inc., Hawkins Watts Ltd., Gelnex Industria e Comercio Ltd., Taiyo Kagaku Co. Ltd., and Fiberstar Inc.

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