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.