The
global hydrocolloid market is expected to experience a lucrative growth over
the forecast period on account of rising health awareness worldwide. Processed
foods and high convenience demand are expected to influence positively the
global hydrocolloids market over the upcoming years owing to its ability to
lessen fat content by dispersing water and acting as fat replacers in food
products are expected to boost the global hydrocolloids market. The
hydrocolloid market has been segmented into different classes based on their
sources such as natural sources or synthetic sources. Natural sources include
plants, animals, microbes and seaweed. Hydroxy ethyl methyl cellulose (HEMC),
methylcellulose (MC), hydroxypropyl methylcellulose (HPMC) and carboxymethyl cellulose
(CMC) are the synthetic sources. The preferred hydrocolloids types include
gelatin, agar, xanthan gum, pectin, carrageenan, locust bean gum, gum Arabic,
alginates, and guar gum. A substantial rise in consumer demand for low-fat and
low-calorie food products is touted to aid the global industry over the
forecast period. Increasing awareness regarding health and other ailments is
expected to aid the overall global industry for natural hydrocolloids over the
next seven years. Technological advancement and changing consumer preferences
for healthy and nutritious food is expected to further assist the global
hydrocolloid market. Volatile raw material prices due to seasonal production
are expected to hamper the industry growth. Raw material shortages have led to
a demand & supply imbalance and are presumed to negatively impact the
global industry.
Hydrocolloid
has a wide industry base including various applications and end-uses spread
across multiple industries. The processed foods sector has witnessed a high
growth rate in the past few years and is anticipated to rise furthermore over
the next seven years on account of easy to use quality. This trend is expected
to assist in the product growth in the near future. Pharmaceutical applications
have witnessed a high growth rate in the last five years and are expected to
continue this trend in the future, thereby aiding the global market. Gelling
agent based companies which use hydrocolloids as their major raw material are
expected to grow over the next seven years. Poultry market which has seen a
sharp growth in the past few years is expected to fuel the growth of the
sector. End-use industries such as dairy industry, sauces & dressing
industry, and confectionary industry are expected to have positive growth over
the next seven years. Beverages industry which is on the continuous rise is
touted to grow approximately over 8% over the forecast period. This will
further help in global hydrocolloid market development. Coating materials
industry which uses hydrocolloids as their key raw material has witnessed rapid
growth in the near past and is expected to further compliment the market over
the next seven years. The other hydrocolloid applications include a bakery,
confectionery, frozen foods, thickener, meat, fat replacer, stabilizer, baby
food and prepare foods.
North
America was the leading regional hydrocolloid market and accounted for the
major market demand followed closely by Europe. Developing regions such as the
Middle East & Africa and Asia Pacific have witnessed significant demand
growth in the near past and are further touted to grow over the next seven
years. Central and South America are also anticipated to experience brisk
growth in the hydrocolloid market. These trends have majorly resulted due to
increasing urbanization, the rise in disposable income and growing demand for
health-conscious food products. The boom in processed foods demand with the
considerable rise in low-fat food products is expected to have a direct impact
on the regional hydrocolloid market growth. Countries such as India, China,
Indonesia, Vietnam, Japan, and Malaysia are expected to experience high growth
owing to fast growth in end-use industries. Prominent hydrocolloid market
participants include Ashland Inc., Perry Group PLC, Tic Gums Incorporation,
Cargill Incorporated, Royal DSM, CP Kelco, Darling International Inc., E.I. Du
Pont De Nemours And Company, Penford Corporation and Fuerst Day Lawson.
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