Growth in Demand for Premium Food & Beverage Products to Drive the Hydrocolloids Market


Posted March 13, 2019 by kmitalee

The global hydrocolloids market is growing due to the changing lifestyles and eating habits among consumers. The demand for hydrocolloids is also attributed to the consumer awareness on diet, nutrition, and natural products available.

 
The report “Hydrocolloids Market by Type (Gelatin, Xanthan Gum, Carrageenan, Alginate, Agar, Pectin, Guar Gum, Gum Arabic, MCC, and CMC), Source (Botanical, Microbial, Animal, Seaweed, and Synthetic), Function, Application, and Region — Global Forecast to 2023” The market for hydrocolloids is estimated at USD 8.8 billion in 2018 and is projected to grow at a CAGR of 5.3% from 2018 to 2023, to reach USD 11.4 billion by 2023. The growth of the hydrocolloids market is driven by the rising demand for convenience foods in the food industry. The key market drivers are the R&D activities and innovation, consumer preference for functional dairy products, and multifunctionality of hydrocolloids in food & beverage products.

Browse 122 market data Tables and 51 Figures spread through 206 Pages and in-depth TOC on “Hydrocolloids Market — Global Forecast to 2023”

Inquiry before buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1231

The thickeners segment for hydrocolloids is estimated to account for the largest share in 2018

Based on function, the thickeners segment is estimated to account for the largest share in the hydrocolloids market in 2018. Hydrocolloids are widely used as thickeners in various food products such as soups, salad dressings, gravies, sauces, and toppings. Key hydrocolloids used as thickeners include xanthan gum, guar gum, locust bean gum (LBG), gum Arabic, and carboxymethyl cellulose (CMC).

The animal segment for hydrocolloids is estimated to account for the largest share in 2018

Based on source, the animal segment is estimated to account for the largest share in the hydrocolloids market in 2018. Hydrocolloids of animal origin are produced using skins and bones of different sources, such as beef, pork, and fish. Gelatin is one of the major hydrocolloids derived from animal sources having applications in the confectionery industry.

The gelatin segment for hydrocolloids is estimated to account for the largest share in 2018

Based on type, the gelatin segment is estimated to account for the largest share in the hydrocolloids market in 2018. Gelatin is derived from animal sources and has applications in food products such as candies, desserts, marshmallows, and ice creams. In Europe, gelatin is classified as food and is not subjected to food additive legislation. This is projected to create a lucrative opportunity for hydrocolloids manufacturers in the coming years.

The food & beverages segment for hydrocolloids is estimated to account for the largest share in 2018

Based on application, the food & beverages segment is estimated to account for the largest share in the hydrocolloids market in 2018. The demand for hydrocolloids is projected to increase in the coming years due to its multifunctionality in the food industry and the rise in demand for convenience foods in emerging countries.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1231

The North American hydrocolloids market is projected to witness significant growth

The North American region is projected to be the fastest-growing market during the period considered for this study, due to the presence of major players such as Ashland (US), TIC Gums (US), CP Kelco (US), Cargill (US), Ingredion (US), and Darling Ingredients (US) operating in the region. The region is backed by the US, a major revenue pocket market for bakery, confectionery, convenience food, and packaged food products.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model — GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1–888–600–6441
[email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By MarketsandMarkets™ INC.
Country United States
Categories Food
Tags hydrocolloids , hydrocolloids market
Last Updated March 13, 2019