Hydrocolloid Market Report

Hydrocolloid Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2016 To 2024

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  • Report ID: GVR1858
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The global hydrocolloid market is expected to experience a profitable growth over the forecast period on account of rising health awareness worldwide. The increasing demand for processed foods along with high demand for convenience foods is projected to impact positively on the global hydrocolloids market over the upcoming years. In addition, growing demand owing to its ability to lessen massive amount by dissolving water and acting as fat substitutes in food products are expected to fuel the global hydrocolloids market over the next eight years. The segmentation of on the basis of their sources includes synthetic sources and natural sources. Animals, seaweed, microbes, and plants fall under natural sources. Artificial sources include hydroxyethyl methyl cellulose (HEMC), methylcellulose (MC), hydroxypropyl methylcellulose (HPMC) and carboxymethyl cellulose (CMC). On the basis of product type, the industry is segmented into gelatin, pectin, xanthan gum, agar, alginates, locust bean gum, gum arabic, carrageenan, and guar gum. A significant rise in demand for low-calorie and low-fat food products is expected to aid the global industry over the next eight years. Increasing awareness regarding health is projected to fuel the sector for natural hydrocolloids over the forecast period. Changing consumer preferences coupled with technological development for nutritious and healthy food is anticipated to stimulate the global hydrocolloid sector. However, volatile raw material prices on account of seasonal production are expected to hamper the industry growth. Demand & supply imbalance is projected to impact negatively on the sector.

The processed foods industry is expected to experience a high growth rate over the upcoming years and is supposed to rise over the forecast period on account of easy to use quality. The product is observed to have a broad industry base including end-uses and various applications spread across multiple sectors. Pharmaceutical applications are expected to experience a high progress rate over the next eight years and are anticipated to continue this trend in the future, thus helping the product market. Hydrocolloids are majorly used by the gelling agent based companies as their major raw material which is expected to fuel the sector over the next eight years. The product has been highly absorbed in the poultry market which is observed to have a steep rise in the past few years, which in turn is expected to fuel the growth of the sector. Dressing industry & sauces, confectionary industry, and dairy industry are anticipated to propel the growth over the next eight years. Rising usage in the beverages industry is expected to grow over the upcoming years. This will further support the sector product development. Hydrocolloids are being used by the coating materials which in turn will fuel industry expansion. The hydrocolloid applications include frozen foods, bakery, meat, thickener, confectionery, fat replacer, baby food and stabilizer.

North America dominated the market in 2015, followed by Europe. Developing economies including the Asia Pacific and the Middle East & Africa have witnessed significant growth in demand in the next eight years. Brazil and Argentina are expected to experience rapid growth in the hydrocolloid market. These trends have mainly resulted on account of the rise in disposable income, increasing urbanization and growing demand for healthy food products. The increase in processed foods demand with the significant increase in low-fat food products is expected to have a direct influence on the product’s regional market growth. Asia Pacific will show high gains on account of increasing processed foods production and innovation in dairy, bakery & confectionery, oils and meat products. Countries including China, Malaysia, Indonesia, India, Japan, and Vietnam are expected to witness high growth owing to a fast increase in food & beverage market.

The key industry players operating in the sector include Tic Gums Incorporation, Penford Corporation, Perry Group PLC, Cargill Incorporated, Ashland Inc., Royal DSM, Darling International Inc., E.I. Du Pont De Nemours And Company, CP Kelco, and Fuerst Day Lawson

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