Natural Food Boom Drives $20 Billion Hydrocolloids Market Growth Through 2033
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Preference for natural food products driving demand for gum hydrocolloids, valued at $11.9 billion in 2023 and projected to reach $19.9 billion by 2033.
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Xanthan gum is the most popular hydrocolloid, accounting for 17.9% of market share in 2023. Plant-based sources dominate with 29.8% share.
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Germany, Japan, and Australia offer strong growth potential with projected CAGRs of 14%, 13%, and 12.2% respectively from 2023-2033.
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Product innovation through R&D and tapping health benefits are key opportunities for manufacturers.
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Market is fragmented with major players like Cargill, Kerry Group, ADM, and DuPont alongside smaller companies.