The
global market for gum hydrocolloids has been exhibiting growth at a
rapid pace over the last few years. The market owes its robust growth
to the growing demand for natural food ingredients by consumers
belonging from different age groups.
Hydrocolloid
is a functional food ingredient that is used in food and beverages to
increase their viscosity, stability, texture, and physical
appearance. When isolated in water, hydrocolloids form gel like
substances. Polymers obtained from plants, synthetic, animals, and
microbes are major sources of hydrocolloids.
Some
of the most commonly used hydrocolloid in the food and beverages
industry include carrageenam, alginates, gelatin, pectin, xanthan
gum, AGAR, and others. Compiled with the intent of updating
stakeholders about the prevailing market dynamics and future outlook,
the report presents insights into the key factors influencing the
market’s growth trajectory.
The
report presents a qualitative and quantitative assessment of
prevalent market trends by industry analysts. It provides an in-depth
analysis of industry participants in the value chain. Based on
information obtained from trusted industrial sources, it evaluates
the impact of micro- and macro-economic factors and government
policies on market operations. Apart from this, analysis of market
attractiveness as per segments is also included in the report.
Global
Gum Hydrocolloid Market: Key Factors Influencing Market
The
global market for hydrocolloid is gaining impetus from the growing
research and development in hydrocolloid ingredients. Additionally,
the rising consumer preference for natural ingredients will also
result in increased demand for hydrocolloid. Despite witnessing
favorable trends worldwide, the volatility of raw material prices and
the uneven supply of the same is projected to inhibit the market’s
growth to an extent.
Global
Gum Hydrocolloid Market: Segmentation
To
provide a holistic overview, the market for hydrocolloid is segmented
in terms of function, application, type, and geography. Based on
type, the market is segmented into guar gum, gellan gum, locust bean
gum, gum Arabic, and xanthan gum. In terms of function, the key
segments of the market include thickener agent, stabilizing agent,
and gelling agent. Based on application, the gum hydrocolloid market
can be segmented into confectionary, bakery, meat and poultry
processing, sauce and condiments, dairy products, pharmaceuticals,
and cosmetics.
Regionally,
the global gum hydrocolloid market is spread across Asia Pacific
(excluding Japan), Japan, Europe, Eastern Europe, Latin America,
Middle East and Africa, and Latin America.
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Global
Gum Hydrocolloid Market: Regional Outlook
North
America dominated the global gum hydrocolloid market in 2013, trailed
by Europe and Asia Pacific. The enterprises operating in the market
are expected to witness surging demand in emerging economies such as
India and China. The changing lifestyle in these countries, coupled
with the growing awareness towards healthy living, will aid the
expansion of the gum hydrocolloid market in Asia Pacific.
Additionally,
the market sees lucrative prospects in Sudan for gum Arabic. Since
gum Arabic is extensively used in soft drinks, the U.S. has exempted
it from broad trade ban imposed on 1997. Owing to such favorable
policies, Sudan is able to maintain its lead in the market as the
largest producer of gum Arabic globally.
Global
Gum Hydrocolloid Market: Competitive Landscape
To
present insights into the competitiveness prevailing in the market,
the report profiles companies such as Cargill Inc., Archer Daniels
Midland Company (ADM), E. I. Du Pont De Nemours, Danisco A/S, And
Company, and others. These companies are studied on the basis of
their financial overview, strategies adopted, development status, and
product portfolio.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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