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Hydrocolloid Market Research Report and Outlook by Persistence Market Research 2020
On the basis of the application of hydrocolloid in various food and beverages product the global hydrocolloid market can be further segmented in seven broad categories namely, bakery, confectionary, meat and poultry products, sauces and dressing, beverages, dairy and frozen products and others. Further on the basis of function of hydrocolloid the market can be segmented in five different classes namely thickener, stabilizer, gelling agent, fat replacer, coating materials and others
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Based on different sources of hydrocolloid the global hydrocolloid market can be classified as plant hydrocolloid, seaweed hydrocolloid, microbial hydrocolloid market, animal hydrocolloid market, and synthetic hydrocolloid market.
Advancement in the field of new sources of hydrocolloid, growing allied industries such as functional food and beverages are two major driver of the global hydrocolloid market. Further ongoing technical up gradation and changing consumer preferences towards healthy and nutritious food is further strengthening the global hydrocolloid market.
North America was the largest market of hydrocolloid in 2013, followed by Europe and Asia Pacific. Gelatin grasped the largest market share among all other market variant of hydrocolloid attributed to its wide acceptance in various food and beverages in North America. In recent years Asia Pacific has turned as most promising market for hydrocolloid. The market has shown a constant double digit growth over the years, with rising influence of western culture and increasing disposable income of developing countries of this region, it is expected that market will exhibits even healthier growth in upcoming years.
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Some of the leading companies operating in global hydrocolloid market include, Archer Daniels Midland Company (ADM), B&V SRL, Ceamsa, Danisco A/S, FMC Corporation, Gelnex, Kerry Group PLC, Taiyo Kagaku CO. LTD., Ashland INC., Cargill INC., CP KELCO., and Fiberstar INC
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