The hydrocolloids market is projected to grow at a CAGR of 5.80% from 2015 to reach a projected value of USD 7.56 Billion by 2020.
Pune, India -- (SBWIRE) -- 04/05/2016 -- The report "Hydrocolloids Market by Type (Gelatin, Xanthan, Carrageenan, Alginate, Agar, Pectin, Guar, Locust Bean, Gum Arabic, and CMC), Function (Thickener, Stabilizer, Gelling, Fat Replacer, and Coating), Source, Application, & by Region - Global Forecast to 2020", The hydrocolloids market, estimated to be valued at USD 5.70 Billion in 2015 and at USD 7.56 Billion by 2020, is projected to grow at a CAGR of 5.80% from 2015 to 2020.
Browse 89 market data Tables and 56 Figures spread through 164 Pages and in-depth TOC on "Hydrocolloids Market - Global Forecast to 2020"
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The use of hydrocolloids in the food & beverages industry has been in demand owing to increasing health consciousness among the consumers and multi-functionality of hydrocolloids. The hydrocolloids market is also driven by R&D and innovations. Food manufacturers focus on high R&D expenditures to provide high quality, innovative hydrocolloids to cater to their increasing demand in processed and convenience foods. Hence, hydrocolloids will be viewed as a business opportunity in the next five years. As a result, many multinational players have entered into the production of varied types of hydrocolloids.
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Dairy products, with respect to application, to dominate the hydrocolloids market
The dairy product has been estimated to lead the market both in terms of value and volume. Meat & poultry products application segment of the global hydrocolloids market is expected to grow at comparatively higher CAGRs due to its texture-modifying properties.
Gelatin: The most widely used type of hydrocolloids
The gelatin segment accounted for the largest share in the hydrocolloids market in terms of value and volume. However, the pectin segment is projected to grow at comparatively higher CAGRs due to increasing consumers' demand for natural hydrocolloids.
Increasing health consciousness among the consumers in developed and developing countries to boost the hydrocolloids market
Countries in the Asia-Pacific, Latin American, and the Middle East regions are prospering in terms of increasing usage of functional ingredients in the manufacture of food & beverage products. The rising population levels have also led to the rise in demand for processed and convenience foods.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), E. I. du Pont de Nemours and Company (U.S.), Darling Ingredients Inc. (U.S.), and Kerry Group plc (Ireland).
The report covers hydrocolloids in various types, their application in the food & beverages industry, source of extraction, and their function in different food products.
In terms of insights, this research report has focused on various levels of analyses industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the global hydrocolloids market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
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