Hydrocolloids Market worth $7,911 Million by 2019, Says the New Study on ASDReports

Friday 14 November 2014, Amsterdam

The new report on ASDReports, defines and segments the hydrocolloids market on the basis of various types, applications, sources, functions, and regions with analyses and projections of the market size of each of these segments in terms of value and volume. It also identifies the driving and restraining factors for the hydrocolloids market with analyses of the trends, opportunities, and burning issues.

The global hydrocolloids market has been growing tremendously due to the increasing demand for healthy and natural food products by health-conscious consumers. Hydrocolloids are used in different industries, such as oil, food, and pharmaceuticals. The extensive range of functions exhibited by hydrocolloids in the food industry is an important driving force in the market. The main reason for ample use of hydrocolloids in the food industry is their ability to bind with water and modify the properties of food ingredients.

Hydrocolloids are used as thickeners, gelling agents, stabilizers, and fat replacers. Majority of the hydrocolloids are obtained from natural sources, such as plants, seaweeds, animals, and microorganisms. Fluctuation in raw material prices and shortage of raw materials are perceived as restraints in the hydrocolloids market.

The market for hydrocolloids is projected to reach $7,911.1 Million by 2019. In 2013, North America was the largest market for hydrocolloids. Asia-Pacific is the fastest-growing market for hydrocolloids during the review period. Changing lifestyles of consumers and increasing awareness regarding healthy and nutritional food are driving the hydrocolloids market in developing countries, such as India and China.

The leading players in the food hydrocolloids market include CP Kelco (U.S.), Cargill Inc. (U.S.), Ashland Inc. (U.S.), Kerry Group (Ireland), Cargill (U.S.) DuPont (U.S.), and Royal DSM (The Netherlands). These market players have been focusing on expansion of new facilities and launching new products.