Europe Hydrocolloids Market Size & Outlook, 2022-2030
Europe hydrocolloids market, 2016-2030 (US$M)
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Europe hydrocolloids market highlights
- The Europe hydrocolloids market generated a revenue of USD 3,437.5 million in 2022.
- The market is expected to grow at a CAGR of 5.6% from 2023 to 2030.
- In terms of segment, gelatin was the largest revenue generating product in 2022.
- Gelatin is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 3,437.5 million |
| Market revenue in 2030 | USD 5,331.1 million |
| Growth rate | 5.6% (CAGR from 2022 to 2030) |
| Largest segment | Gelatin |
| Fastest growing segment | Gelatin |
| Historical data covered | 2016 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gelatin, Xanthan Gum, Carrageenan, Alginates, Pectin, Guar gum, Gum arabic, Carboxy Methyl Cellulose, Agar, Locust Bean Gum |
| Key market players worldwide | DuPont de Nemours Inc, Palsgaard, Ingredion Inc, Kerry Group PLC Class A, BASF, Ashland Inc, CP Kelco, Glanbia PLC, Darling Ingredients Inc, Tate & Lyle PLC, Cargill, Fuerst Day Lawson, Koninklijke DSM NV, Archer-Daniels Midland Co |
Other key industry trends
- In terms of revenue, Europe region accounted for 30.6% of the global hydrocolloids market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,461.1 million by 2030.
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Hydrocolloids Market Scope
Hydrocolloids Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe hydrocolloids market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hydrocolloids market will help companies and investors design strategic landscapes.
Gelatin was the largest segment with a revenue share of 36.49% in 2022. Horizon Databook has segmented the Europe hydrocolloids market based on gelatin, xanthan gum, carrageenan, alginates, pectin, guar gum, gum arabic, carboxy methyl cellulose, agar, locust bean gum covering the revenue growth of each sub-segment from 2016 to 2030.
Europe emerged as the largest regional market for hydrocolloids, in terms of revenue. The growth in this region can be attributed to favorable government policies, substantial production capacities, and early adoption of hydrocolloids in food & beverage sector.
In addition, rising demand for hydrocolloids in pharmaceutical sector has contributed to the market growth in the region. Increasing R&D expenditure along with rising production of pharmaceuticals in Europe is projected to bolster the demand for hydrocolloids in pharmaceutical applications.
Furthermore, well-established enduse industries such as food & beverage, personal care & cosmetics, and pharmaceutical have contributed positively to the market growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe hydrocolloids market , including forecasts for subscribers. This continent databook contains high-level insights into Europe hydrocolloids market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Europe hydrocolloids market size, by country, 2016-2030 (US$M)
Europe Hydrocolloids Market Outlook Share, 2022 & 2030 (US$M)
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