Global food hydrocolloids market expected to reach USD 9.12 billion by 2024, growing at a CAGR of around 4.8% between 2017 and 2024. Colloidal structure or colloids is defined as a chemical structure made up of finely separated particles dispersed in a constant medium.
The report covers forecast and analysis for the food hydrocolloids market on a global and regional level. The study provides historic data for 2015, 2016, and 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the food hydrocolloids market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and threats to food hydrocolloids market on a global level.
To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the food hydrocolloids market has also been included. The study encompasses a market attractiveness analysis, wherein type and application segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view on the food hydrocolloids market by segmenting the market based on type, applications, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. Based on the type, the market is segmented into gelatin, xanthan, carrageenan, alginate, agar, pectin, guar, locust bean, gum arabic, and carboxymethyl cellulose. By application, the market is segmented into bakery & confectionery, meat & poultry, sauces & dressings, beverages, and dairy products. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, and Rest of World with its further bifurcation into major countries including the U.S., Germany, France, UK, China, Japan, India, and Brazil.
The report also includes detailed profiles of key players such as E. I. du Pont de Nemours and Company, Cargill, Inc., Lubrizol Corporation, CP Kelco, Rousselot S.A.S., Ashland Inc., and others. The detailed description of players includes parameters such as company overview, financial overview, business strategies, and recent developments of the company.
This report segments the global food hydrocolloids market as follows:
Global Food Hydrocolloids Market: Type Segment Analysis
Global Food Hydrocolloids Market: Application Segment Analysis
Global Food Hydrocolloids Market: Regional Segment Analysis
Hydrocolloids are a heterogeneous group of long-chain polymers, i.e., proteins and polysaccharide. It has commercial significance in food and beverages industry due to its organoleptic and rheological properties. It acts as a binding agent, emulsifier, stabilizer, thickener, and gelling agent. Hydrocolloids easily get diffused in water. Depending on the water quantity; these hydrocolloids stay in the form of gels or as sols. Food hydrocolloids have a wide range of applications and functionality. The demand for processed food products is increasing among the consumers. This results in the tremendous growth of the global food hydrocolloids market in the coming years.
The global food hydrocolloids market is expected to witness vigorous growth in the near future. Food hydrocolloids market is categorized on the basis of type and application. Based on the type, food hydrocolloids market is classified into gelatin, xanthan, carrageenan, alginate, agar, pectin, guar, locust bean, gum arabic, and carboxymethyl cellulose. However, volatile raw material prices on the account of seasonal production may hamper the market growth.
By application, food hydrocolloids market is categorized into bakery & confectionery, sauces & dressings, meat & poultry, beverages, and dairy products. The increasing interest in ready-to-eat food is a key factor driving the market growth.
By geography, food hydrocolloids find its market scope in North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In the years to come, North America and Europe are expected to dominate the market. The Asia Pacific is expected to be the most promising region in the terms of incremental opportunities to generate high revenue. Rising disposable income, increase in population, and growth in demand for ready-to-eat food drives the food hydrocolloids market. The market is projected to grow at a higher rate in countries such as India, China, and ASEAN countries during the forecast period
The report also includes detailed profiles of key players such as E. I. du Pont de Nemours and Company, Cargill, Inc., Lubrizol Corporation, CP Kelco, Rousselot S.A.S., Ashland Inc., and others.
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