Market Updates Hydrocolloid Market | Industry Research Report | Page 2

advancement and changing consumer preferences for healthy and nutritious food is expected to further assist the
global hydrocolloid market. Volatile raw material prices due to seasonal production are expected to hamper the
industry growth. Raw material shortages have led to a demand & supply imbalance and are presumed to negatively
impact the global industry.
Hydrocolloid has a wide industry base including various applications and end-uses spread across multiple industries.
The processed foods sector has witnessed a high growth rate in the past few years and is anticipated to rise
furthermore over the next seven years on account of easy to use quality. This trend is expected to assist in the product
growth in the near future. Pharmaceutical applications have witnessed a high growth rate in the last five years and are
expected to continue this trend in the future, thereby aiding the global market. Gelling agent based companies which
use hydrocolloids as their major raw material are expected to grow over the next seven years. Poultry market which
has seen a sharp growth in the past few years is expected to fuel the growth of the sector. End-use industries such as
dairy industry, sauces & dressing industry, and confectionary industry are expected to have positive growth over the
next seven years. Beverages industry which is on the continuous rise is touted to grow approximately over 8% over
the forecast period. This will further help in global hydrocolloid market development. Coating materials industry which
uses hydrocolloids as their key raw material has witnessed rapid growth in the near past and is expected to further
compliment the market over the next seven years. The other hydrocolloid applications include a bakery, confectionery,
frozen foods, thickener, meat, fat replacer, stabilizer, baby food and prepare foods.
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North America was the leading regional hydrocolloid market and accounted for the major market demand followed
closely by Europe. Developing regions such as the Middle East & Africa and Asia Pacific have witnessed significant
demand growth in the near past and are further touted to grow over the next seven years. Central and South America
are also anticipated to experience brisk growth in the hydrocolloid market. These trends have majorly resulted due to
increasing urbanization, the rise in disposable income and growing demand for health-conscious food products. The
boom in processed foods demand with the considerable rise in low-fat food products is expected to have a direct
impact on the regional hydrocolloid market growth. Countries such as India, China, Indonesia, Vietnam, Japan, and
Malaysia are expected to experience high growth owing to fast growth in end-use industries. Prominent hydrocolloid
market participants include Ashland Inc., Perry Group PLC, Tic Gums Incorporation, Cargill Incorporated, Royal DSM,
CP Kelco, Darling International Inc., E.I. Du Pont De Nemours And Company, Penford Corporation and Fuerst Day
Lawson.
Market Segment:
This report studies Hydrocolloid in Global market, especially in North A