According to this latest publication from Meticulous Research®, the overall hydrocolloids market is projected to reach a value of $10.2 billion by 2027, growing at a CAGR of 4.4% during the forecast period. In terms of volume, the market is expected to reach 3878.5 MT by 2027 at a CAGR of 4% during 2020- 2027. This market is majorly driven by factors such as the rising establishment of food and beverage manufacturing units, increasing consumer awareness level for nutritious food, and versatile functionality of hydrocolloids in various industrial sectors. However, the rising hydrocolloids cost and fluctuation in the price of raw material is expected to obstruct the growth of this market to some extent.