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Plant Hydrocolloids Market

Plant Hydrocolloids Market

Plant Hydrocolloids Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Plant Hydrocolloids Market
FACT440MR
  • Jan-2020
  • List of Tables : 163
  • List of Figures : 123
  • 170 Pages
  • Food & Beverage

Demand for Plant Hydrocolloids to Soar with High Growth Observed in Asia Pacific

Technological advancements in packaging have led to heightened demand for convenience foods such as prepared mixes, shelf-stable, chilled, frozen and others. Processed food or convenient foods are commercially prepared foods that require minimal or no further preparation in order to be consumed.

Plant hydrocolloids are largely used in ready-to-eat, frozen and packaged foods which, in turn will drive the global plant hydrocolloids market.

Asia-Pacific excluding Japan will witness the fastest growth in the regional plant hydrocolloids market during the projected period owing to the rising demand for processed and convenient food items in the region.

Asia-Pacific excluding Japan’s regional consumers are looking forward to clean label and low fat foods. APEJ plant hydrocolloids market is projected to create an absolute $ opportunity of US$ 1.4 Bn during forecast period 2019 – 2029.

Emergence of Pectin in Dairy to Drive Global Plant Hydrocolloids Market

In acidified UHT (Ultra-high temperature processing) soy beverages, pectin is used for stabilizing soy protein at a considerably low pH during the process. However, proteins do not remain stable during low pH heat treatment.

In such cases, pectin as a plant hydrocolloids helps in giving stability to proteins. Pectin, as a plant hydrocolloid has made an incredibly big splash is in the acidified space of dairy.

Prolific Growth of Foods Processing Industry in Emerging Regions to Boost Global Plant Hydrocolloids Market

Emerging markets for food processing such as Latin America and APEJ will create notable demand for plant hydrocolloids. Brazil is observing exponential growth in dairy alternatives using plant hydrocolloids.

Due to increase in the consumer demand along with strong non-vegan demographics, the Brazilian market for plant hydrocolloids is anticipated to grow exponentially in the following years.

The manufacturers of Latin America are stepping up their efforts in producing and selling plant-based products in order to meet the rising demand of consumers for plant-based alternatives.

Nutrition is also considered as a major pre-requisite of consumers owing to the fact that products earlier were relatively high in carbs.

Owing to primary factors such as challenges of navigating the supply chain of Brazil and high import costs, most of the leading brands holding plant hydrocolloids substances are domestic.

The trend is expected to change with retailers increasing efforts in associating directly with overseas suppliers.

Asia Pacific to Emerge as Pocket of Profitable Growth

Changing food habits of consumers is fueling the plant hydrocolloids market in developing countries such as China and India. Asia-Pacific will witness the fastest regional market growth during the projected period owing to the rising demand for processed and convenient food items in the region.

Asia-Pacific’s consumers are showing preference for clean label and low fat foods resulting in heightened demand for plant hydrocolloids.

Cheese spreads is dominating the plant hydrocolloids market for cheese in the Middle-East and Africa region. However, food service areas in the region continue to produce and sell canned and sliced cheese which is observed to be in demand. Yemen and Iraq are likely to witness growing opportunities for plant hydrocolloids as developing markets.

plant hydrocolloids market regional analysis

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Acquisitions by Tier 1 Players to Further Consolidate Plant Hydrocolloids Market

Inorganic growth through strategic acquisitions has been a key strategy of the companies functioning in the plant hydrocolloids market. In line with this, Ingredion Incorporated has made significant acquisitions in recent times.

For example, In March 2019, Ingredion Incorporated acquired Western Polymer, a company based in Washington, United States to further invest and expand its starch business.

Starch is a strong and commonly used plant hydrocolloid. Western Polymer is involved in the processing of potato starch whereas Ingredion is looking for capacity expansion of potato starch and enhancing its processing capabilities. With the help of such acquisitions, companies are going for inorganic growth to increase sales in plant hydrocolloids.

plant hydrocolloids market intensity mapping

Plant Hydrocolloids Market: Segmentation

FactMR’s study has done the segmentation of plant hydrocolloids market on the basis of source, application, function, form and region.

Source

  • Cellulosics
  • Pectin
  • Guar Gum
  • Locust Bean Gum
  • Gum Arabic
  • Other Sources

Application

  • Dairy Products and Bakery and Confectionery
  • Sauces, Dressings, and Condiments
  • Beverages
  • Snacks and Savoury
  • Meat and Poultry
  • Other Applications

Function

  • Emulsifying Agent
  • Thickening Agent
  • Stabilizing Agent
  • Gelling Agent

Form

  • Liquid
  • Dry

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific excluding Japan (APEJ)
  • Middle East and Africa (MEA)

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