DUBLIN, June 09, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/2ft6hl/global_food) has announced the addition of the "Global Food Hydrocolloids Market-Growth, Trends And Forecast (2015-2020)" report to their offering.
The global market for hydrocolloids is expected to reach a value of US$ 8,000 million by 2020 with a growing CAGR of 5.7%.
The market is largely driven by increased Research & Development and innovations in hydrocolloids. Consumer preference for natural ingredients and the varied applications of hydrocolloids in the food and beverage industry are some of the reasons for the uptick in demand. The changing consumer demographics in terms of lifestyle changes and growing working population resulting in consumer demand for convenience and processed foods, especially among the emerging nations. This is seen as an opportunity for the manufacturers to adopt hydrocolloids in their manufacturing process. However, the market is mainly constrained by the demand - supply imbalances. Seasonal changes cause volatility in the raw material pricing, thus raising costs for manufacturers. In spite of restrains, the market sees huge potential for growth.
The market is segmented based on type which includes gelatin, xanthan gum, starch, carrageenan and others. Majority of the hydrocolloids require raw materials to be sourced from seaweeds, plants, animals and microorganisms. Hydrocolloids are used for a wide range of applications, such as bakery, confectionery, meat & poultry, beverage, and dairy& frozen products. Bakery and Confectionary dominate the market share for hydrocolloids.
Based on regions the market is segmented as North America, Europe, Asia-pacific, South America and Africa. In 2013, North America was the largest market for hydrocolloids followed by Europe. Asia-Pacific is the fastest growing region followed by Europe for the period 2015-2020. Changing lifestyles of consumers and increasing awareness on nutritional food is driving the hydrocolloids market in developing countries, such as India and China.
Key Topics Covered:
2. Key Findings
3. Market Overview & Dynamics
5. Market Segmentation by Type
6. Competitive Landscape Overview
7. Company Profiles
- Cargill Inc
- CP Kelco
- Kerry Group
- Royal DSM
- Hawkins Watts
- Behn Meyer
- TIC Gums corporation
- Darling Ingredients Inc
- Penford Corporation
For more information visit http://www.researchandmarkets.com/research/2ft6hl/global_food
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SOURCE Research and Markets