Global Gum Hydrocolloid Market: Development of New & Innovative Hydrocolloids to Open Myriad of Opportunities for Manufacturers, says TMR

The rising demand for natural food products from consumers of various age groups has accelerated the sales of gum hydrocolloids over the last couple of years, states Transparency Market Research (TMR) in a new research report. The report is titled, “Gum Hydrocolloid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”

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The report offers insight into the historical growth trajectory, the present structure of the market, and growth opportunities that manufacturers of gum hydrocolloid can capitalize on. It further assesses the factors that are expected to hinder or push the growth of the global gum hydrocolloid market over the coming years. The projected growth of the global gum hydrocolloid market in terms of volume and revenue has also been highlighted in the report.

The study further delves into the strategies, products, and shares of the leading players operating in the global gum hydrocolloid market. To present a clear picture of the competition existing among the players in the market, the report utilizes Porter’s five forces analysis. It also provides information about the degree of barriers to entry and exit and growth of the different segments of the global gum hydrocolloid market. According to the report, the rising demand for gum hydrocolloid from the food and beverages industry is the primary factor behind the growth of the market.

The report states that gum hydrocolloids are used in the food and beverages industry to increase the physical appearance, texture, stability, and viscosity of different food and beverage products due to their gel-like structure. Hydrocolloids are primarily obtained from polymers which are extracted from microbes, animals, synthetic, and plant. Hydrocolloids are used in the form of AGAR, xanthan gum, pectin, gelatin, alginates, and carrageenan.

According to the study, the global gum hydrocolloid market is achieving impetus owing to the rising investments in research and development projects for the development of new hydrocolloid ingredients. Changes in taste preferences are likely to reflect positively on the growth of the global gum hydrocolloid market. However, the irregular supply of raw materials and volatility in the prices of the same are likely to act as a hindrance in the growth of the global gum hydrocolloid market.

To present a holistic outline of the market, the global market for gum hydrocolloid is segmented on the basis of type, application, function, and region. On the basis of type, the report segments the market into xanthan gum, gum Arabic, locust bean gum, gellan gum, and guar gum. Based on function, the market is divided into gelling agent, stabilizing agent, and thickener agent. The key segments in terms of application are cosmetics, pharmaceuticals, dairy products, condiments and sauce, poultry and meat processing, bakery, and confectionery.

Geographically, the global gum hydrocolloid market is categorized into Latin America, Middle East and Africa, Europe, Japan, and Asia Pacific (APAC) excluding Japan. In 2013, North America emerged dominant in terms of consumption of gum hydrocolloid closely followed by Europe and APAC. Emerging economies such as China and India are likely to provide manufacturers with profitable growth prospects. The leading companies in the market are Danisco A/S and Company, E. I. Du Pont De Nemours, Archer Daniels Midland Company, and Cargill Inc. among others.

Gum Hydrocolloid Market Will Grow at a Strong Rate Through 2024

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.