Gum Hydrocolloid Market Industry Analysis, Segments, Key Players, Drivers, Trends and Forecast 2017 – 2023

02/mag/2019 09:17:54 Tejas Amale Contatta l'autore

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Market Overview

Rising demand for gum hydrocolloid is witnessing high demand across the food industry based on its functionality. Hydrocolloid is used as an additive to improve the texture and modify the viscosity of food systems. Increase in consumer preference for natural ingredients in food and beverages The consumption of hydrocolloids is high in the bakery and pharmaceutical industry. Furthermore, dairy industry and confectionary industry are increasing the usage of hydrocolloid as an additive.

The Global Gum Hydrocolloid Market share is expected to grow at a higher growth rate supported by the changing lifestyle and changing food consumption pattern of consumers. Rising R&D investments in hydrocolloid ingredients is driving the market of gum hydrocolloids. However, the volatile raw material prices leading to high production cost may hamper the growth of the market.

All these factors will contribute to the estimated CAGR of 4.7% of gum hydrocolloid market during the forecast period 2017-2023.

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Competitive Analysis

Major Key Players in the Gum Hydrocolloid Market are:

  • Cargill, Inc. (the U.S)
  • Darling Ingredients Inc. (the U.S.)
  • Kerry Group PLC (Ireland)
  • CP Kelco (the U.S.)
  • Ingredion Incorporated (the US)
  • Rico Carrageenan. (Philippines)
  • Ashland Inc. (the US)

Gum hydrocolloid is a product of its functionality. Rising demand in natural food products and changing lifestyle among the consumers of growth of hydrocolloid market. In North America, the US dominated the market of gum hydrocolloid based on the consumption pattern of the population and exports the product to different countries.

Downstream Analysis

Based on the type of gum hydrocolloid, xanthan gum is dominating the market owning to potential application as a thickening agent and stabilizing agent. It has observed the highest growth in bakery industry improving its texture and overall improvisation in its quality and witnessing growth in pharmaceutical and cosmetics industry based on consumption patterns globally.

It is dominating the market as a stabilizing agent, based on the acceptance of higher shelf life food processed systems.

Market Segmentation

Gum hydrocolloid market is segmented on the basis of type, application, function and region.

Regional Analysis

The Global Gum Hydrocolloid Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America holds a major share followed by Europe. The rising nutritional trend and consumption of processed food in the US and UK will continue to drive growth of hydrocolloid. In Asia Pacific, the changing lifestyle and shifting food consumption pattern followed by an increase in disposable income, development and growth of the hydrocolloid market in its developing countries.

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