About Food Hydrocolloids
Hydrocolloids are polysaccharides with high molecular weight which is extracted from plants and seaweed and originated by microbial synthesis. With the growth food and beverages industry, this market is seeing strong growth in the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | North America |
Unit | Value (USD Million) |
CAGR | 5.1% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on the production technologies, efficiency enhancement, and product life. There is a various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Food Hydrocolloids market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
JM Huber Corp (CP Kelco) (United States), Ingredion Incorporated (United States), Dupont (United States), Cargill (United States), Kerry Group (Ireland), Ashland (United States), Hindustan Gum & Chemicals Ltd. (India), Kraft Foods Group Inc. (United States), DSM (Netherland) and Fufeng (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Caremoli Group (Italy), Behn Meyer (Germany) and Iberagar (Portugal).
Segmentation Overview
AMA Research has segmented the market of Global Food Hydrocolloids market by Type (Carrageenan, Gelatin, Xanthan Gum, Alginates, Agar, Pectin, Locust Bean Gum and Gum Arabic), Application (Carrageenan, Gelatin, Xanthan Gum, Alginates, Agar, Pectin, Locust Bean Gum and Gum Arabic) and Region.
On the basis of geography, the market of Food Hydrocolloids has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function, the sub-segment i.e. Thickener will boost the Food Hydrocolloids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Plant will boost the Food Hydrocolloids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption in North America for Food Hydrocolloids Because of Increase in Demand for Oil and Fat Reduction
Market Growth Drivers:
Changes in Consumer Behaviour and Advancement in the Food Industry
Challenges:
High Cost Associated with Food Hydrocolloids
Restraints:
Slowdown in Economy and Stringent Government Regulations
Opportunities:
High Demand for Gelatin Gum
Market Leaders and their expansionary development strategies
In September 2021, Tilley Co., a portfolio company of SK Capital Partners, has acquired Ingredient Solutions, Inc., a distributor and blender of specialty hydrocolloids. Products in the Ingredient Solutions’ portfolio are derived from renewable plants and algae.
In 2021, Ingredion has added a scope of single hydrocolloids to its broad food and drink portfolio. The new items offered are Pre-Hydrated Gum Arabic Spray Dry Powder, TIC Gum Arabic FT Powder, Ticalose CMC 400 Granular Powder, TIC Tara Gum 100, and Ticaxan Xanthan EC.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Food Hydrocolloids Manufacturers, Suppliers, and Distributors, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.