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Australia Gelling Agents Market Share, Size, Trends and Industry Forecast 2024-2032
Australia Gelling Agents Market
According to the report by Expert Market Research (EMR), the Australia gelling agents market size is projected to grow at a CAGR of 4.40% between 2024 and 2032. The market is driven by the expanding food and beverage sector, advancements in food technology, and changing consumer preferences. The market is expected to significantly grow by 2032.
The Australia gelling agents market growth is driven by the increasing demand for convenience foods, bakery products, and confectionery items. Gelling agents, also known as hydrocolloids, are substances used to stabilize, gel, or thicken food products, enhancing their texture, appearance, and shelf life. Gelatin, agar-agar, pectin, and carrageenan are among the commonly used gelling agents in the food sector.
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The market is influenced by various factors, including consumer preferences, regulatory standards, and industry competition. Government regulations and food safety standards play a crucial role in shaping market dynamics, with stringent regulations governing the use of gelling agents in food and beverage products.
One of the prominent trends shaping the Australia gelling agents market is the rising adoption of plant-based and clean label ingredients. As consumers become more health-conscious and environmentally aware, there's a growing preference for natural and plant-derived gelling agents over synthetic additives. Plant-based gelling agents, such as agar-agar extracted from seaweed and pectin derived from fruits, are gaining popularity due to their clean label appeal and perceived health benefits, consequently driving up the Australia gelling agents market share.
Moreover, the growing trend of veganism and vegetarianism is driving the demand for plant-based alternatives to animal-derived gelling agents like gelatine. Manufacturers are innovating to develop plant-based gelling agents that offer similar functionality and performance while catering to the needs of vegan and vegetarian consumers.
Furthermore, the competitive landscape of the market is characterised by the presence of both domestic and international players. Established companies compete based on factors such as product quality, pricing, distribution channels, and brand reputation. Moreover, technological advancements and product innovations drive competition and differentiation in the market, leading to Australia gelling agents market expansion.
Consumer preferences and dietary habits also impact the demand for gelling agents in Australia. With the growing popularity of homemade jams, jellies, and preserves, there's a steady demand for pectin as a gelling agent among home cooks and small-scale producers. Similarly, the bakery and confectionery sectors rely on gelling agents to enhance the texture and mouthfeel of products such as cakes, pastries, and candies.
The Australian market for gelling agents encompasses various products such as gelatine gum, pectin, xanthan gum, and others. These gelling agents find applications in a wide range of various sectors including dairy and frozen products, bakery, beverages, confectionery, meat and seafood products, oils and fats, and more.
As per the Australia gelling agents market analysis, Pectin, in particular, is extensively utilised as a gelling and thickening agent. It not only enhances the texture and colour of fruit products like marmalades, yogurts, desserts, and bakery items but also finds its use in confectionery such as jams and jellies. Additionally, pectin is employed in wound healing preparations and specialty medical adhesives.
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Australia Gelling Agents Market Segmentation
The market can be divided based on the type, nature, function, application, and region.
Market Breakup by Type
Gum Arabic
Curdlan
Guar Gum
Gelatine
Pectin
Karaya Gum
Agar-agar
Xanthan Gum
Others
Market Breakup by Nature
Natural Gelling Agents
Artificial Gelling Agents
Market Breakup by Function
Texturiser
Thickener
Emulsifier
Stabiliser
Market Breakup by Application
Pharmaceuticals
Food and Beverages
Cosmetics
Others
Market Breakup by Region
New South Wales
Victoria
Queensland
Western Australia
Australian Capital Territory
Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in Australia gelling agents market. Some of the major players explored in the report by Expert Market Research are as follows:
Extracta Pty Ltd
New Directions Australia Pty Ltd
Juremont Pty Ltd
Others
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