Hydrocolloids Market Size, Share & Growth Report, 2028
The global hydrocolloids market size was estimated at USD 11.2 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2028. The exponential growth in the natural and clean-label food consumption across the food and beverage industry due to its growing awareness has influenced the use of hydrocolloids.
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Hydrocolloids Market Analysis: Driving Factors and Emerging Applications
In 2023, the worldwide hydrocolloids market holds an estimated worth of USD 11.2 billion, with a projected increase to USD 14.5 billion by 2028. This growth, set at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period, is attributed to the escalating demand for natural and clean-label food products in the food and beverage sector. This demand surge is driven by heightened awareness,...