6-Nov-2019: The global hydrocolloids
market size is expected to reach USD 13.61 billion by
2025, as per a new report by Grand View Research Inc. It is anticipated to
expand at a CAGR of 6.5% during the forecast period. Hydrocolloids find
application in radiology as a suspending agent, suppositories, slow release
capsules, emulsions, surgical lubricants, and as a carrier of topical
medicaments, which is expected to drive the market growth.
Rapid urbanization
coupled with improved consumer lifestyle with more emphasis on healthy,
diet-friendly, nutritious, and natural products is fueling the demand for
convenience and packaged foods, which, in turn, is likely to propel the product
consumption. Additionally, growing consumer awareness regarding the benefits of
nutritional food is further propelling the demand for hydrocolloids in
developing countries, such as China and India.
Europe and North
America are projected to play a substantial role even after losing their market
share to Asia Pacific and Latin America. Asia Pacific and Latin America are
expected to accomplish the highest gains in near future. A large number of
health-conscious individuals are embracing a healthier lifestyle with the
foremost importance on the healthy food choices offered by various food and
beverage companies.
The key players in
the hydrocolloids market are inclined towards new product launches, which is
expected to augment the growth. In August 2018, Cargill announced its plans to
invest USD 150 million in Brazil production facility to keep up with the
increasing demand for pectin.
In
depth research report on Hydrocolloids Market
Further key findings from the report suggest:
·
Growing demand for processed food due to the convenience is
expected to positively impact hydrocolloid market in the forthcoming years
·
Processed foods market has seen healthy growth in recent past
and is projected to witness high growth in near future
·
The ability of hydrocolloids to reduce the fat content by
dispersing water and acting as a fat replacer in food products is expected to
propel their demand as consumers are increasingly preferring low-fat and
low-calorie food products
·
The shortage of resources and vulnerability to seasonal
changes cause volatility in the raw material pricing is propelling
manufacturing costs and limiting the market growth
·
Rise in population coupled with rising disposable income,
translates into an enhanced standard of living, particularly in the developing
regions. This is anticipated to result in a steady growth in demand for
specialty and processed food products
Grand View Research
has segmented the hydrocolloids market on the basis of product, function,
application, and region:
Hydrocolloids Product Outlook (Volume, Kilo Tons; Revenue,
USD Million, 2014 - 2025)
·
Gelatin
·
Xanthan Gum
·
Carrageenan
·
Alginates
·
Pectin
·
Guar Gum
·
Gum Arabic
·
Carboxy Methyl
·
Cellulose, Agar
·
Locust Bean Gum
Hydrocolloids Function Outlook (Volume, Kilo Tons; Revenue,
USD Million, 2014 - 2025)
·
Thickening
·
Gelling
·
Stabilizing
·
Others
Hydrocolloids Application Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
Food & Beverage
·
Personal Care & Cosmetics
·
Pharmaceutical
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About
Grand View Research
Grand View Research, Inc. is the
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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