Axiom Market Research & Consulting added an, “Hydrocolloids Market Research Report, By Source, Type, Application and Geography- Global Market Share, Trend Analysis and Forecast up to 2024”
Global hydrocolloids market is anticipated to grow at a CAGR between 4.0% to 5.0% during the forecast period 2019 to 2024. Factors driving the global market are, large numbers of applications increasing demand of natural hydrocolloids.

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Hydrocolloids widely used across the various application as a thickener. The thickener segment accounted largest market revenue share, followed by gelling agent and stabilizer in 2017. North America is the largest market of hydrocolloids accounted largest market share in 2017.
The meat products application segment is anticipated to grow at a higher pace than other applications of hydrocolloids during the forecast period 2024. The growth of the application segment is triggered by its hydrocolloids imparts water-binding capacity of meat products, improves texture and removes excessive fat in meat products.

Hydrocolloids Market Segmentation:
Hydrocolloids Market by Source:
The major sources of hydrocolloids are Plant, Microorganisms, Animal, Seaweed and Synthetic process.

Hydrocolloids Market by Type:
The major type of hydrocolloids studied in the report are Gelatin, Xanthan Gum, Carrageenan, Alginates, Agar, Pectin, Guar Gum, Locust Bean Gum, Gum Arabic and CMC.

Hydrocolloids Market by Application:
By applications, the market is segmented as Bakery & Confectionery, Meat products, Sauces & Dressings, Beverages and Dairy products.

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Hydrocolloids Market Geography:
North America
Europe
Asia-Pacific and
Rest of the world.

Hydrocolloids Market Players:
The leading players in this industry include Ashland Inc., CP Kelco, Cargill, Incorporated, Darling Ingredients Inc., E.I. Dupont De Nemours and Company, Fuerst Day Lawson, Ingredion Incorporated, Kerry Group PLC, Koninklijke DSM N.V., TIC GUMs Incorporation among others.

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