North America Hydrocolloids Market Size & Outlook
North America hydrocolloids market, 2016-2030 (US$M)
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North America hydrocolloids market highlights
- The North America hydrocolloids market generated a revenue of USD 2,846.7 million in 2022.
- The market is expected to grow at a CAGR of 5.3% 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, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 2,846.7 million |
| Market revenue in 2030 | USD 4,315.9 million |
| Growth rate | 5.3% (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, North America region accounted for 25.4% 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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North America 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 29.78% in 2022. Horizon Databook has segmented the North America 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.
North America emerged as one of the most prominent regional markets for hydrocolloids after Asia Pacific. The demand for hydrocolloids in North America is primarily driven by growing consumer preference toward natural food products along with increasing demand from personal care & cosmetics sector.
Hydrocolloids such as gelatin, alginates, guar gum, gum Arabic, locust bean gum, xanthan gum, and carrageenan have witnessed a high demand from food & beverage, personal care & cosmetics, and pharmaceutical sectors in the recent past.
Technological advancements in the production of hydrocolloids along with a strong presence of major manufacturers such as CP Kelco and Cargill, Inc. are projected to bolster the growth of hydrocolloids market in this region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America hydrocolloids market , including forecasts for subscribers. This continent databook contains high-level insights into North America hydrocolloids market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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North America hydrocolloids market size, by country, 2016-2030 (US$M)
North America Hydrocolloids Market Outlook Share, 2022 & 2030 (US$M)
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