Hydrocolloids comprises of gums that are derived from natural and synthetic sources. The demand for hydrocolloids is increasing rapidly owing to their favorable nature and properties useful in various food formulations. The increasing consumption in bakery and confectionery products is expected to augment market demand.
The global Hydrocolloids market was valued at USD 6.02 billion in 2016 and is projected to reach USD 9.83 billion by 2025, growing at a CAGR of 5.6% from 2017 to 2025.
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1. Market Drivers
1.1 Increased health-consciousness among consumers drives the natural hydrocolloids market
1.2 Multi-functionality of hydrocolloids lead to their wide applications
2. Market Restraints
2.1 Shortage of resources has created demand & supply imbalance
2.2 Compliance to the international quality standards and regulations for food stabilizer products
The global Hydrocolloids market is segmented on the source, type, function, application, and region.
1. By Source:
2. By Type:
2.1 Xanthan Gum
2.2 Locust Bean Gum
2.3 GUM Arabic
2.4 Carboxymethyl Cellulose
2.5 Guar GUM
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3. By Application:
3.1 Poultry and Meat Products
3.4 Dressings and Sauces
3.6 Dairy Products
4. By Function:
4.3 Fat Replacer
4.4 Coating Material
4.5 Gelling Agent
5. By Region:
5.1 North America U.S., Canada, Mexico
5.2 Europe Germany, UK, France, Rest of Europe
5.3 Asia Pacific China, India, Japan, Rest of Asia Pacific
5.4 Latin America Brazil, Argentina, Rest of Latin America
5.5 Middle East & Africa
The major players in the market are as follows:
2. TIC Gums Corporation
3. Koninklijke DSM NV
5. Ashland Inc.
6. Darling Ingredients Inc.
7. EI Du Pont De Nemours
8. Fuerst Day Lawson
9. Kerry Group PLC
10. CP Kelco
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology of Planet Market Reports
Research study on the Hydrocolloids market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Name: Jennifer Daniel
Organization: Planet Market Reports