Food hydrocolloids are food additives used in food processing to improve its quality and enhance shelf life. Hydrocolloids are composed of finely divided particles dispersed in water; hydrocolloids are colloidal in nature. They exist in two forms (as sols/gels), but depending on the quantity of water in which the particles are dispersed, they appear in one form. Increasing application in a variety of end-user sectors is a driving force fueling the industry's growth globally. Hydrocolloids are used in the food and beverage industry owing to their capability to modify the rheology of the system in which they are added. Also, food hydrocolloids serve as ingredients in the food and beverage industry. Some of its uses include emulsifying agents, thickening agents, gelling agents, and many others. Apart from the food and beverage industry, they find applications in the cosmetics and pharmaceutical industries. Food hydrocolloids can be obtained from plants, animals, and microbial. They can also be synthesized via a chemical reaction. Hence, food hydrocolloids have both natural and artificial sources. The global food hydrocolloids market is slated to register a consistent growth during the forecast period.
Food Hydrocolloids Market Driven by Consumers’ Growing Demand for Healthy Food Products
Increasing demand for healthy food products has been the main factor driving the food and beverage industry, and the food hydrocolloids market a subdivision of the industry isn’t an exception as consumers are spending on quality food products beneficial to health. As the demand for healthy food products increases, the food hydrocolloid market will continue to thrive in the global market. Food hydrocolloids market will continue to rise during the forecast period and beyond.
Furthermore, the burgeon in the consumption of convenience food is an essential demand driver affecting the market positively. With the rise in convenience food, the food hydrocolloids market will remain in steady growth over the forecast period.
Rising Disposable Income
The food hydrocolloid market is slated to rise over the forecast period due to the rise in the disposable income of consumers. Developing nations, especially those located in the Asia Pacific region with the emerging economy, are increasing the per capita income of individuals, and this will, in turn, fuel the growth of the industry.
In addition to this, the growing population size within the region is a boost for the market as demand for healthy food products is rising, the industry is anticipated to record significant growth during the forecast period.
Food Hydrocolloid Market: Region-wise Analysis
North America is the largest market for food hydrocolloid market and is slated to remain in dominance over the foreseeable period. The region is projected to expand to a CAGR of about 4% by 2025. North America will gain significantly vis-a-vis revenue before the end of 2025 if it continues at this pace. Europe is the second largest market for food hydrocolloid market.
The Asia Pacific is the fastest-growing market for the food hydrocolloids market owing to the rise in population of working-class individuals who are always in need of ready-to-eat meals. Besides, the change in consumers’ lifestyles in the region has raised the demand for functional ingredients used in food processing. And this will, in turn, drive the food hydrocolloids market forward.
Food Hydrocolloids Market: Competitive Landscape
- De Pont De Nemours & Company
- Cargill Incorporated
- Darling Ingredients
- Kerry Group plc
- CP Kelco
- Fuerst Day Lawson
- Ingredion Incorporated
- Ashland Inc.
- Koninklijke DSM N.V.
- Rico Carrageenan
- Archer Daniels Midland Company
- Hispanagar, S.A
- FMC Corporation
- Lubrizol Corporation
- B&V SRL, Tate
- Lyle PLC
- Fiberstar, Inc.
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
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Global Food Hydrocolloids Market Segment Analysis
The global food hydrocolloids market can be segmented on the following basis:
- Xanthan Gum
- Gum Arabic
- Locust Bean Gum
- Bakery and Confectionery
- Meat and Poultry Products
- Dairy Products
- Sauces and Dressing
- Coating Material
- Fat Replacer
- Gelling Agent
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