The increasing demand for convenience foods in the developing economies is influencing growth and demand in the global hydrocolloids market. People nowadays are more particular about their health and multi-functionality, which is creating a demand influx in the hydrocolloids market. The market was valued at $8.5 billion in 2018, and the demand is projected to grow at a healthy compound annual growth rate (CAGR) of 5.50% during the forecast period of 2019 to 2025, as per the analysts of IndustryARC.

The IndustryARC’s business intelligence report is titled “Hydrocolloids Market: By Type (Pectin, Gums: Xanthan, Guar, Locust Bean) Source (Extracts: Plants, Seaweed, Microbial, Animals) Function (Thickening, Gelling, Stabilizing) Form (Powder, Gel) Application (Bakery, Confectionery, Meat Poultry, Beverages)-Forecast (2019-2025).” The report states that usage of guar gum is the most commonly accepted ingredient in various sectors such as pharmaceutical, food and beverage, and cosmetics.

Global Hydrocolloids Market: Leading Segments

North America had the largest share in the hydrocolloids market that translated to 40% in 2018. This is predominantly owing to the increasing demand from the oil & gas and food & beverages sector. U.S. and Canada are observing increasing oil drilling activities which are leading to growth prospects in the hydrocolloids market. North America hydrocolloids market had a huge market for R&D and shows immense interest in innovations. Furthermore, another factor that has affected the market is the change in the preference of the customers towards low-fat food.

Moreover, the key application segment is the food & beverages industry, according to the application analysis by the analyst of IndustryARC in the report. The opportunities for growth in this application is projected to observe a healthy CAGR of 5.90% during the forecast period.

Global Hydrocolloids Market: Market Trends and Growth Drivers  

·        Increasing Interest in R&D

The major driver in the hydrocolloids market is the increasing interest of the people in the R&D. The manufacturers are nowadays focusing on product innovation with high-quality hydrocolloids for the end-user. This is increasing investments that are made for R&D in the hydrocolloids market.

·        Food Thickeners

The continuous rise in demand for frozen and dairy products with an increasing focus on health management and protein consumption will propel the hydrocolloids market.

·        Gelatin

Due to the increasing need for the emulsifiers in the sectors such as food & beverages and gelatin has enable a sustainable hydrocolloids market in Germany, UK, and France. In these countries, gelatin is considered as food and not food additives. It has few applications such as in deserts, ice creams, and marshmallows. This application is expected to create lucrative demand influx in the hydrocolloids market in the future.

·        Change in Consumers Preference

Since there is a change in the lifestyle of the people in recent times, the preference of the people has also changed in terms of their eating habits. People have become more health conscious and prefer low-fat food that has affected the growth of the hydrocolloids market.

·        Guar Gum

Guar gum has a significant impact on the dough, bread, and finished products. Guar gum is the best food additive due to its vivid features. Moreover, hydrocolloids have a positive impact on the bakery products, and so, there is an increasing market for hydrocolloids.

Global Hydrocolloids Market: Competitive Landscape

Some of the key companies identified in the report that are currently holding majority shares in the global hydrocolloids market are Ingredion Incorporated, Cargill, Incorporated, DowDuPont Inc., The Archer Daniels Midland Company, Kerry Group, Darling Ingredients, Lubrizol Corporation, Rousselot S.A.S., and Ashland Inc.

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Related Reports:

a)      Textural Food Ingredients Market

https://www.industryarc.com/Research/Textural-Food-Ingredients-Market-Research-505922

b)      Carrageenan Gum Market

https://www.industryarc.com/Research/Carrageenan-Gum-Market-Research-505943

c)      Food Stabilizer Systems Market

https://www.industryarc.com/Report/7443/food-stabilizer-systems-market.html

What can you expect from the report?

The hydrocolloid market is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Categories & Application            11. Demand Analysis (Revenue &                                                                                                      Volume)

2. Market trends & Relevant Market Data                            12. Country level Analysis

3. Manufacturer Landscape                                                   13. Competitor Analysis

4. Distributor Landscape                                                       14. Market Shares Analysis

5. Pricing Analysis                                                                 15. Value Chain Analysis

6. Top 10 End user Analysis                                                  16. Supply Chain Analysis

7. Product Benchmarking                                                      17. Strategic Analysis

8. Product Developments                                                      18. Current & Future Market Landscape                                                                                                         Analysis

9. Mergers & Acquisition Analysis                                         19. Opportunity Analysis

10. Patent Analysis                                                                  20. Revenue and Volume Analysis 

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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.