The United Kingdom food hydrocolloids market size is expected to expand at a significant CAGR during the forecast period 2021–2028. Growth of the market is attributed to increasing population, rising awareness towards healthy diet, rapid development in food and beverage sectors, and improved economic stability.
The food hydrocolloids are a varied group of long chain polymers described by the different functional properties which contain stabilization, gelling, coating emulsification, and thickening. Hydrocolloids are used in foods due to its functions such as texture and viscosity.
The COVID-19 pandemic affected the demand and supply of the food hydrocolloids market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Rising demand for packaged and convenience foods is projected to boost the market.
- Increasing use of hydrocolloids in beverages and food sector is the major factor fueling the market.
- Strict regulations on the production are projected to restrict the market expansion during the forecast period.
- High cost of production and limited availability of product is anticipated to hamper the market growth in the coming years.
- R&D investment and technological advancement in food hydrocolloids market is projected to offer lucrative opportunities for the market players.
Scope of the Report
The report on the United Kingdom food hydrocolloids market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Food Hydrocolloids Market – United Kingdom Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018-2019
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Forecast Period
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2021-2028
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Segmentation
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Types [Pectin, Guar Gum, Gelatin Gum, Carrageenan, Xanthan Gum, and Other Types], Applications [Beverages, Fats and Oils, Dairy and Frozen products, Convenience Foods, Seafood and Meat Products, Bakery, Confectionery, and Other Applications]
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Geographical Scope
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United Kingdom
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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DuPont, Ingredion Incorporated, Koninklijke DSM N.V., Caldic BV, Healan Ingredients, CP Kelco US Inc., The Archer Daniels Midland Company, and Cargill, Incorporated.
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Market Segment Insights
The seafood and meat products segment accounts for a key share of the market
Based on applications, the United Kingdom food hydrocolloids market is segregated into beverages, fats and oils, dairy and frozen products, convenience foods, seafood and meat products, bakery, confectionery, and other applications. The seafood and meat product segment accounts for a key share of the market. Growth of the market is attributed to rising population, increasing awareness towards healthy diet, and rapid development in food sectors. However, the beverages segment is anticipated to expand at a rapid pace during the forecast period due to factors such as improved standard of living, increasing demand for hydrocolloids products, rising demand for beverages and food products prepared from safe hydrocolloids, and increasing consumption of prepared food.
The pectin segment is projected to hold a major market share
On the basis of types, the United Kingdom food hydrocolloids market is segmented into pectin, guar gum, gelatin gum, carrageenan, xanthan gum, and other types. The pectin segment is estimated to expand at a rapid pace during the forecast period. It is used as a thickener in baking and cooking. It is also used to make medicine. People with high triglycerides, heartburn, high cholesterol, and other conditions use pectin. The xanthan gum segment is projected to expand at a substantial CAGR during the forecast period. Xanthan gum is also known as a polysaccharide which has many industrial applications, such as a food additive. It is an effective stabilizer and thickening agent to stop ingredients from dividing.
Geographical outlook
The UK is one of the major markets for food hydrocolloids due to high demand for the oil and fat reduction, owing to the eating habits of the people. They act as bound for oils and fats in fried foods that are consumed majorly in the UK. Growing demand for confectionery in the United Kingdom food hydrocolloids market is driving the market for food hydrocolloids, especially those used in candies, as stabilizers and enhancers. Their function as stiffeners in the bakery sector is driving the demand for food hydrocolloids.
Segments
Segments Covered in the Report
The United Kingdom food hydrocolloids market has been segmented on the basis of
Types
- Pectin
- Guar Gum
- Gelatin Gum
- Carrageenan
- Xanthan Gum
- Other Types
Applications
- Beverages
- Fats and Oils
- Dairy and Frozen products
- Convenience Foods
- Seafood and Meat Products
- Bakery
- Confectionery
- Other Applications
Geography
Key Players
- DuPont
- Ingredion Incorporated
- Koninklijke DSM N.V.
- Caldic BV
- Healan Ingredients
- CP Kelco US Inc.
- The Archer Daniels Midland Company
- Cargill, Incorporated.
Competitive Landscape
Key players competing in the United Kingdom food hydrocolloids market include DuPont, Ingredion Incorporated, Koninklijke DSM N.V., Caldic BV, Healan Ingredients, CP Kelco US Inc., The Archer Daniels Midland Company, and Cargill, Incorporated.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
