Fact.MR’s recently composed research report slates the global plant hydrocolloid market to reflect a splendid 6.7% CAGR, in terms of value, during the forecast period, 2017 to 2026. Worldwide sales of plant hydrocolloid are estimated to reach roughly 2,600,000 tons by 2026-end.
Key Research Findings from the Report
Cellulosics is expected to be the most remunerative source of plant hydrocolloids
Stabilizing will remain sought-after among functions of plant hydrocolloids
Sales of liquid form of plant hydrocolloids will ride on the highest CAGR in the market through 2026
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Competition Tracking
The global plant hydrocolloid market encompasses several local, regional, and global players, which in turn has made the market’s nature to be fragmented. Intense competition is being observed in the market, wherein global players account for major revenue shares of the market. These leading players contend on the basis of cost & quality of plant hydrocolloids, and innovations. Major players in the market have a vast geographical presence and possession of huge production facilities around the world. Key companies profiled by the report include CP Kelco, Cargill, Inc., Dow, FMC, Ashland Inc., E. I. du Pont de Nemours and Company, Rousselot S.A.S., Symrise AG, Furest Day Lawson Holdings Limited, Kerry Group Plc., Tate & Lyle PLC, Lonza Group Ltd., Dohler GmbH, and Sensient Technologies Corporation.
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6 Key Projections on Future of Plant Hydrocolloid Market for Forecast Period 2017-2026 (In terms of Volume)
Europe dominated the global plant hydrocolloid market in 2017, and the region will continue to witness the highest sales through 2026. The market in North America is expected to register a slightly higher CAGR than that in Europe, and become the second largest market for plant hydrocolloid by 2026-end.
Asia-Pacific excluding Japan (APEJ) is anticipated to be the fastest growing market for plant hydrocolloid during 2017 to 2026, followed by Latin America.
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Although projected to exhibit the lowest CAGR, cellulosics will continue to be largest source for plant hydrocolloid, with sales estimated to close in approximately 1,400,000 tons by 2026-end. This number will remain comparatively higher than those from all the other source segments combined.
Bakery and confectionary, and dairy products and frozen products are anticipated to lead the global plant hydrocolloid market, on the basis of application, during 2017 to 2026. Bakery and confectionary will endure as the fastest surging application of plant hydrocolloid. In addition, sales of plant hydrocolloid for application in snacks and savory, and sauces, dressings and condiments are also projected to reflect a splendid expansion through 2026.
Stabilizing will remain the sought-after among functions of plant hydrocolloid, with sales pegged to exceed 1,150,000 tons by 2026-end. However, emulsifying function of plant hydrocolloid is slated to witness the fastest expansion in the market through 2026.
Dry form of plant hydrocolloid will remain preferred among industries, whereas liquid form of plant hydrocolloid will exhibit a relatively higher CAGR in the market through 2026.
