Global gum hydrocolloid market segmentation by type function application Region Forecast to 2023

By | November 8, 2018

Hydrocolloid are gums used as additive in food processing to improve the quality and shelf life of the food products. Hydrocolloid has a potential application as a food additive and helps in enhancing the organoleptic property of the product. The major sources of hydrocolloid are polymers obtained from plant, microbial, seaweed, animal and others. As a functional food processor, hydrocolloid provides stability to the edible products. It is also used as a thickening agent and stabilizing agent in the food industry. Owning to the technological strides, gum hydrocolloids have been used as gelling agent in personal care industry. Diverse applications across various industries as a potential additive is projected to spur the market of gum hydrocolloids across various regions.  Food processing industry has higher inclination towards widening the application of hydrocolloid in the food products based on growing consumption of processed food products in which hydrocolloid gum goes as one of the key ingredients.

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High demand for natural food ingredients have a positive impact on the hydrocolloid market. Rising consumer demand for edible gums with higher shelf life is also influencing the hydrocolloid market positively. Moreover, its functionality as thickening, gelling and stabilizing agent has increased its popularity among the consumers. Furthermore, high focus on R&D is bringing innovations in terms of its applications in various product lines.

Regional Analysis

The global gum hydrocolloid market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). North America accounts for the major market share followed by Europe. High consumption of processed food as well as convenience foods in the countries of these regions is influencing the high demand of hydrocolloid gums. Furthermore, changing lifestyle and shifting food consumption pattern in countries like China and India will propel the growth of hydrocolloid gums in Asia Pacific.

 Segmentation Analysis

Gum hydrocolloid has been segmented on the basis of type comprising of xanthan, guar gums, alginate, gellan gum, Arabic gum, carrageenan and others. Xanthan gum holds a major share based on its potential applications in food, toothpaste, medicines and other personal care products. On the basis of application, hydrocolloid is segmented in dairy products, personal care products, pharmaceuticals, bakery, meat processing, confectionary and others. Among these segments, bakery dominates the market followed by confectionaries owning to its high application as a food texture enhancer. Browse the market data and information spread across 110 pages with 25 data tables and 16 figures of the report “Global gum hydrocolloid market segmentation by type function application Region Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/gum-hydrocolloid-market-4474

Key Players and Competition Analysis

Some of the key players profiled in the global 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 U.S.), Rico Carrageenan. (Philippines) and Ashland Inc. (the U.S.)

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