Hydrocolloid Market To Experience A Lucrative Growth Owing To Rising Health Awareness Worldwide By 2020
“Hydrocolloid
has a wide industry base including various
applications and end-uses spread across multiple industries. The processed foods sector has witnessed a high growth rate in the past few years and is anticipated to rise furthermore over the next seven years on account of easy to use quality. This trend is expected to assist in the product growth in the near future.�
The global hydrocolloid market is expected to experience a lucrative growth over the forecast period on account of rising health awareness worldwide. Processed foods and high convenience demand are expected to influence positively the global hydrocolloids market over the upcoming years owing to its ability to lessen fat content by dispersing water and acting as fat replacers in food products are expected to boost the global hydrocolloids market. The hydrocolloid market has been segmented into different classes based on their sources such as natural sources or synthetic sources. Natural sources include plants, animals, microbes and seaweed. Hydroxy ethyl methyl cellulose (HEMC), methylcellulose (MC), hydroxypropyl methylcellulose (HPMC) and carboxymethyl cellulose (CMC) are the synthetic sources. The preferred hydrocolloids types include gelatin, agar, xanthan gum, pectin, carrageenan, locust bean gum, gum Arabic, alginates, and guar gum. A substantial rise in consumer demand for low-fat and low-calorie food products is touted to aid the global industry over the forecast period. Increasing awareness regarding health and other ailments is expected to aid the overall global industry for natural hydrocolloids over the next seven years. Technological advancement and changing consumer preferences for healthy and nutritious food is expected to further assist the global hydrocolloid market. Volatile raw material prices due to seasonal production are expected to hamper the industry growth. Raw material shortages have led to a demand & supply imbalance and are presumed to negatively impact the global industry.