According to a research survey conducted by ChemView Consulting, in 2022, the Global Hydrocolloids Market was worth US$ 8.8 Bn and is expected to grow at a CAGR of 5.4% over the forecast period. The market is expected to hit US$ 13.4 Bn by 2030 end.
COVID-19 effect at the hydrocolloids marketplace
The novel coronavirus/COVID-19 pandemic had appreciably impacted nearly all industries throughout the globe. This pandemic has ended in mass manufacturing shutdowns and deliver chain disruptions, that have additionally affected the financial system as well.
The preventive impact of hydrocolloid dressing to save you facial strain and facial marks in the course of the usage of clinical protecting gadget in COVID-19 pandemic has been of terrific assist to medical doctors and different front-line workers. Hydrocolloid is semi-permeable fabric this is gift as a layer inside a movie or foam pad that clings to the pores and skin, typically used for wound healing. A hydrocolloid dressing is used for this purpose. After the hydrocolloid dressing has been trimmed, the adhesive dressing is then located over the pores and skin of the nasal dorsum, cheeks, and forehead, masking the location wherein the masks and protecting glasses will rest. This is contributing to the marketplace boom of hydrocolloids appreciably withinside the pharmaceutical field.
However, the global lockdown has additionally affected the farming practices, which has especially impacted the deliver of uncooked substances of hydrocolloids. Moreover, COVID-19 effect on logistics additionally contributes to the extended fees of uncooked substances, which will increase the value for hydrocolloids producers. With obstacles to cross-border transportation of commodities on this pandemic situation, the producers are especially depending on neighborhood uncooked fabric suppliers, which will increase the bargaining strength of the suppliers. Thus, the extended uncooked fabric fees observed via way of means of excessive call for for hydrocolloids might result in an extended fee of hydrocolloids for the following
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A list of some of the key suppliers present in the market are:
- Cargill Incorporated
- CP Kelo US Inc.
- Koninklijke DSM N.V.
- Archer Daniels Midland Company
- Fuerst Day Lawson
- Ingredion Incorporated
- Rico Carrageenan
- Ashland Inc.
- Hispanagar, S.A
- Kerry Group plc
- Others
Market Segments Covered in Report
By Type:
- Gelatin
- Carrageenan
- Xanthan Gum
- Alginates
- Agar
- Pectin
- Gum Arabic
- Locust Bean Gum
- Other Types
By Source:
- Plant
- Animal
- Microbial
- Seaweed
- Synthetic
By Application:
- Bakery and Confectionery
- Meat and Poultry Products
- Beverages
- Dairy Products
- Sauces and Dressing
- Other Applications
By Function:
- Thickener
- Stabilizer
- Coating Material
- Fat Replacer
- Gelling Agent
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Global Hydrocolloids Market 2022-2030: Report Coverage and Highlights
- Assessment of the historical and current market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Segment-wise, country-wise, and region-wise market analysis
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Key product innovations and regulatory framework
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
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About ChemViewConsulting:
ChemView Consulting is a leading market research firm in the Asia Pacific, with expertise in Chemicals Materials, Food Beverages, Packaging, Oil Gas, New Renewable Energy, and Disruptive Technologies. We are one of the top market intelligence firms specializing in business analytics with an expertise in the ever-growing chemicals industry. We track high-growth markets with innovative ideas and opportunities insights through B2B research.
Our client base ranges from industry experts, investors, top companies in the chemicals; and oil gas industry to SMEs, start-ups, and new entrants. We have worked with over 100 companies to upscale their position as the global leader in the chemical materials landscape with our cutting-edge analytics and advisory services.
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