Hydrocolloids Market: Trend, Forecast, Opportunity
The global hydrocolloids market was valued at USD 9.73 billion in 2020 and is projected to reach USD 13.36 billion by 2026, at a CAGR of 5.4% during the forecast period. Hydrocolloids are widely used in applications, such as bakery, confectionery, meat & poultry, beverages, dairy & frozen products, and others, such as baby food and prepared food. The growth of the hydrocolloids market is driven...
Key Players in Hydrocolloids Market
The hydrocolloids market
was valued at USD 9.7 billion in 2020 and is projected to reach USD
12.6 billion by 2025, at a CAGR of 5.3%. The growth of the hydrocolloids
market is driven by factors such as the expansion of the processed food
industry due to the increasing demand for convenience foods in regions
such as the Asia Pacific, South America, and the Middle East &
African. Apart from...