San Francisco, May 25, 2016 (GLOBE NEWSWIRE) -- The hydrocolloid market should grow at around 5.6 percent CAGR during 2014 to 2018. One of most significant market drivers is demand for natural & healthy food. The market has also undergone demand for sweets in the recent years. However, contamination probabilities among feedstock & constitutents may hinder the market in the near future.
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Higher demand for processed & convenience foods is anticipated to positively affect the market. Hydrocolloids can lower fat levels by water-dispersion and serving as replacements in foods. This assists the market in producing added incomes. The market is fragmented on the basis of sources. These sources are synthetic and natural.
Natural ones consist of animals, plants, seaweed, and microbes. Synthetic sources comprise carboxy methyl cellulose, hydroxy ethyl methyl cellulose, methyl cellulose, and hydroxy propyl methyl cellulose. Different kinds of hydrocolloid preferred globally encompass pectin, gum arabic, agar, gelatin, alginates, among others.
Significant boost in demand for low calorie & fat food is reported to contribute to the worldwide market during the forecast period (2015 to 2022). Wider awareness in respect to health disorders would help natural hydrocolloids in gaining shares in the said period. Greater ‘nutritive food’ preference and novel technologies are also predicted to promote the hydrocolloid market in the coming seven years.
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Another factor, deterring market flow is volatile feedstock costs owing to seasonal production. Scarcity of feedstock causes differences in supply & demand and is likely to negatively impact market revenues. Hydrocolloids have a large end-user and application base. This base spans across multiple industries. Processed foods led the applications market in 2014. It occupied the biggest shares that year.
The segment will also rise further in the near future. This trend will bode well for the market and increase the latter’s earnings. Expansion in end-users like dressing, confectionary, sauces, and dairy may also contribute market bucks. In regards to geographies, North America dominated the market in 2014. This region was followed by Europe the same year.
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Emerging regions like Asia Pacific and Middle East & Africa have experienced substantial market demand for hydrocolloids in the recent past. Some of the renowned companies in the global hydrocolloid market are Cargill Incorporated, Royal DSM, Perry Group PLC, and Ashland, Inc.
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