Pune, India -- (SBWIRE) -- 03/26/2018 -- Global Hydrocolloids Market is expected to reach USD 10.02 billion by 2025, from USD 6.8 billion in 2017 growing at a CAGR of 6.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Major Market Competitors/Players: Global Hydrocolloids Market

Some of the major players operating in the global hydrocolloids market are – E.I. Dupont De Nemours and Company, Cargill, Incorporated, Darling Ingredients Inc.,Kerry Group PLC, CP Kelco, Ashland Inc., Fuerst Day Lawson, Ingredion Incorporated, Koninklijke DSM N.V.,TIC GUMs Incorporation, Fuerst Day Lawson, Fuerst Day Lawson, Ceamsa, Danisco A/S, FMC Corporation, Gelnex, Kerry Group PLC, Taiyo Kagaku CO. LTD., Ceamsa, Danisco A/S, FMC Corporation, Gelnex, Kerry Group PLC, Taiyo Kagaku CO. LTD., Archer Daniels Midland Company (ADM), Tic Gums Incorporation, Penford Corporation, CP Kelco, and Fuerst Day Lawson, Agar del Pacifico SA, Agar del Pacifico SA, Akzonobel, Altrafine Gums, and many more.

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Competitive Analysis: Global Hydrocolloids Market

The global hydrocolloids market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of hydrocolloids market for global, Europe, North America, Asia Pacific and South America.

Market Definition: Global Hydrocolloids Market

Hydrocolloids are a type of functional food ingredients used in various food and beverages product to increase viscosity, texture, stability, and physical appearance. Hydrocolloid forms a sticky liquids or gels when it gets isolated in water. The major source of hydrocolloids is animals, microbes, plants, and synthetics. It enhances the viscosity and texture of food and beverages. Hydrocolloids are derived from Seaweed and plant exudates. Some of the most common hydrocolloid includes gelatine, xanthan gum, carrageenan, alginates, AGAR, pectin, guar gum, locust bean gum, gum Arabic, and carboxymethyl cellulose. The processed foods industry is experiencing a high growth rate in the upcoming years as they are easy to use. Hydrocolloids are majorly used by the gelling agent based companies as their major raw material, which is expected to fuel the sector in coming years. According to quartz, the U.S. hot sauce market has grown by 150% since the year 2000. It was also found out according to Mintel and U.S. Bureau of Labour Statistics the growth rate condiments & sauces for the year 2015 was 2.8% and the total market value was at USD 8,900 million. The sauce industry is growing due to low price points, ease of use and rising dining-out costs which is majorly contributing to the growth of the hydrocolloids market. The major players in the Hydrocolloids are making various developments such as launch of new products, opening new research and development centres, and new plants for contributing to the growth of the Hydrocolloids market such as, Frank which is leading manufacturer of sauce has manufactured various type of sauces in the market such as redhot (hot sauce) and sweet baby ray's (barbecue sauce) and many more.

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Major Market Drivers and Restraints:

- Increased health-consciousness among consumers drives the natural hydrocolloids market
- Multi-functionality of hydrocolloids lead to their wide applications
- R & D activities and innovations to strengthen the hydrocolloids market
- Shortage of resources has created demand & supply imbalance
- Compliance to the international quality standards and regulations for food stabilizer products

Market Segmentation: Global Hydrocolloids Market

The global hydrocolloids market is segmented based on source, type, application, function and geographical segments.

Based on source, the global hydrocolloids market is segmented into plant hydrocolloids, microbial hydrocolloids, animal hydrocolloids, seaweed hydrocolloids and synthetic hydrocolloids.

On the basis of type, the global hydrocolloids market is classified into gelatin, xanthun gum, carrageenan, alginates, agar, pectin, guar gum, locust bean gum, gum arabic, carboxymethyl cellulose (cmc) and others.
On the basis of application, the global hydrocolloids market is classified into bakery, confectionery, meat & poultry products, sauces & dressings, beverages, dairy products and others.

On the basis of function, the global hydrocolloids market is classified into thickener, stabilizer, gelling agent, fat replacer, coating material and other.

Based on geography, the global hydrocolloids market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

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