Hydrocolloids Market: Unlocking the Future of Food Innovation
The global hydrocolloids market size is expected to reach USD 17.83 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.0% from 2023 to 2030. Hydrocolloids find application in radiology as a suspending agent, suppositories, slow-release capsules, emulsions, surgical lubricants, and as a carrier of topical medicaments, which is expected to drive the market growth. Rapid urbanization coupled with improved consumer lifestyle with more emphasis on healthy, diet-friendly, nutritious, and natural products is fueling the demand for convenience and packaged foods, which, in turn, is likely to propel product consumption. Additionally, growing consumer awareness regarding the benefits of nutritional food is further propelling the demand for hydrocolloids in developing countries, such as China and India. Europe and North America are projected to play a substantial role even after losing their market share...