The global gelling agents, emulsifiers, and stabilizers market has been witnessing strong growth over the past few years on account of increasing demand from the food & beverage industry and this trend is expected to continue over the next seven years. Increasing application scope of these agents in bakery & confectionery, dairy, sauces, and meat & poultry is expected to boost market demand over the forecast period. Gelling agents and stabilizers are together called as hydrocolloids. Demand for hydrocolloids is anticipated to witness lucrative growth over the forecast period owing to increasing application scope in nutraceuticals and nutrition products such as soluble dietary fiber. Steadily evolving hydrocolloids, such as pectin, agar, gelatin, and starches, which are sold directly to consumers at the retail level, is one of the key driving factors for market growth. The rising demand for healthy food coupled with increasing demand for dietary supplements market across the globe is expected to surge the market over the forecast period. Increasing demand for convenience foods is further expected to open new opportunities for this market over the foreseeable period. The shortage of resources coupled with fluctuating prices of these hydrocolloids and emulsifiers is anticipated to hamper market growth over the next seven years.
Based on raw material gelling agents, emulsifiers and stabilizers market can be segmented into seaweed extracts, seed gums, and fermentation products. Various products include agar, alginates, hydroxypropylmethyl cellulose, carrageenan, tara, cassia tora, carboxymethyl cellulose, gelatin, methyl cellulose, gellan, guar, karaya, konjac, locust bean gum, arabic, microcrystalline cellulose, pectin, starches, tragacanth, and xanthan. Pectin, gelatin, agar, and starches are leading products of this market owing to their wide application in households and other commercial food courts such as restaurants and hotels.
Major end-use industries of gelling agents and stabilizers market include food & beverage, textile, cattle feed, construction, mining, paper industries, and pet food among many others. The food & beverage industry emerged as the leading end-use segment for this market owing to its immense application of hydrocolloids as a texturizing agent in foods and beverages. These hydrocolloids are mainly used for providing stable structure to foods, which eventually increase food’s shelf life. Within the food & beverage industry, these hydrocolloids and emulsifying agents are extensively used in confectionery and bakery applications. Other end-use industries such as cattle feed, pet food, construction, and mining are expected to drive market growth over the next seven years.
North America emerged as the leading regional market for gelling agents, emulsifiers, and stabilizers market in 2013, and this trend is expected to continue over the forecast period. Strong demand from the food & beverage industry is the key factor driving the market in this region. Europe was the second-largest market followed for Asia Pacific. Asia Pacific is anticipated to be the growth engine for this market over the next seven years, owing to lucrative growth in the food & beverage industry.
Key players of gelling agents, emulsifiers, and stabilizers market include Ajinomoto Co., Ashland Inc., Cargill Inc., FMC Corporation, Naturex, Premium Ingredients, Fiberstar Inc., CP Kelco, Estelle Chemicals, Kerry Group, and Archer Daniels Midland Co. among many others.
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Demand across the organic chemicals sector shall register a slump in growth albeit increasing demand for certain chemicals that find end applications in healthcare and food. Furthermore, China, a major supplier of chemicals to the world, registered a considerable decline in manufacturing in the first quarter of 2020, following the trajectory unfolded by COVID-19's escalation to a pandemic. This has led to an imbalance in supply-demand dynamics, forcing manufacturers and customers alike to renegotiate supply agreements. The report will account for Covid19 as a key market contributor.