Plant hydrocolloids seek widespread application in the food & beverage industry as an additive, wherein they enhance viscosity, physical appearance, stability, and texture of the product. Plant exudates and seaweed are considered to be major sources of hydrocolloids. Healthy expansion in average costs on account of feedstock restrictions will create demand for plant hydrocolloids in the near future. This report, published by Fact.MR, provides in-depth analysis of the global plant hydrocolloid market for the forecast period 2017-2026, and offers key insights about future market direction.
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Plant hydrocolloids have been extensively used in food and pharmaceutical industries as emulsifying, stabilizing, coating, gelling and thickening agents. Plant hydrocolloids enable quality enhancements and shelf life extension for a wide range of products. Demand for processed food and convenience food has increased substantially across the globe over the past couple of years. Plant hydrocolloids witness huge adoption in the food & beverage industries as additives, as they improve the texture, stability, and aesthetic appeal of the food products and beverages. Plant hydrocolloids are capable of effectively curtailing massive amounts of fats by dissolving in water, and act as fat replacements in food products. These aspects are creating huge demand for plant hydrocolloids across the food industries.
A significant increase in demand for low-fat and low-calorie food products is likely to proliferate adoption of plant hydrocolloids. Preference of consumers are changing, along with technological developments, for healthy and nutritional foods, which in turn has resulted into growing requirement for natural hydrocolloids, such as plant hydrocolloids, as a consequence. However, volatile costs of plant hydrocolloids on the back of the production’s seasonal nature will create barriers to the market growth. Widening demand and supply gap will further impact expansion of the plant hydrocolloid market negatively.
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.
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Europe to Endure as Largest Market for Plant Hydrocolloid
In terms of value, Europe will continue to endure as the largest market for plant hydrocolloid. Most of the region’s market growth can be attributed to predominant utilization of plant hydrocolloids in the food & beverage industry. In addition, soaring consumption of packed fruit and vegetable juices in the European countries are driving demand for plant hydrocolloid in the region. North America and Asia-Pacific excluding Japan (APEJ) will also remain remunerative for the plant hydrocolloid market. APEJ will register the fastest expansion in the market through 2026.
Plant hydrocolloids seek extensive application in confectionary, bakery, and dairy products on the back of their stabilizing, emulsifying, and dressing properties. Bakery and confectionary will continue to be dominant among applications in the market, followed by dairy products and frozen products.
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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Plant Hydrocolloids Market to Experience Significant Growth during the Forecast Period 2017-2026
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