Hydrocolloids Market Size, Share, and Forecast 2022 – 2032

The Global Hydrocolloids Market is projected to exceed USD 19.4 billion by 2032, growing at a CAGR of 5.6% from 2022 to 2032. The pharmaceutical, cosmetics, personal care, and food and beverage industries are driving demand for thickeners and gelling agents in Asia Pacific's emerging economies. Over the forecast period, the increased use of hydrocolloid-based building materials, combined with rising demand from the cosmetics industry, is expected to propel market expansion. Furthermore, sales are expected to be boosted by the high demand for thickening and gelling applications in the food and beverage industries.