Global Hydrocolloids Market is segmented on the basis of Source, Type and Applications. The major sources of hydrocolloids are Plant, Microorganisms, Animal, Seaweed and Synthetic process. The major type of hydrocolloids studied in the report are Gelatin, Xanthan Gum, Carrageenan, Alginates, Agar, Pectin, Guar Gum, Locust Bean Gum, Gum Arabic and CMC. By applications, the market is segmented as Bakery & Confectionery, Meat products, Sauces & Dressings, Beverages and Dairy products. The hydrocolloids market is studied for North America, Europe, Asia-Pacific and Rest of the world.
Global hydrocolloids market is anticipated to grow at a CAGR of 5.0% during the forecast period 2019 to 2024. Factors driving the global market are, large numbers of applications which are increasing the demand of natural hydrocolloids.
The meat products application segment is anticipated to grow at a higher pace than other applications of hydrocolloids during the forecast period. The growth of the application segment is triggered by hydrocolloids water-binding capacity of meat products, improves texture and removes excessive fat in meat products. Hydrocolloids are widely used across various application as a thickener. The thickener segment accounted for the largest market revenue share, followed by gelling agent and stabilizer in 2017. North America is the largest market of hydrocolloids and accounted for the largest market share in 2017.
The research study involved extensive use of secondary sources, directories and databases, such as Hoovers, Factiva, One Source, Bloomberg, Reuters and other government and private websites to identify and collect information useful for a technical, market-oriented and commercial study of the global hydrocolloids market.
The leading players in this industry include Ashland Inc., CP Kelco, Cargill, Incorporated, Darling Ingredients Inc., E.I. Dupont De Nemours and Company, Fuerst Day Lawson, Ingredion Incorporated, Kerry Group PLC, Koninklijke DSM N.V., TIC GUMs Incorporation among others.