The global gum hydrocolloids market has been significantly growing due to the rise in demand for healthy and natural food products by consumers of different age group. Hydrocolloid is a substance which forms gel like medium in the presence of water. It is also defined as a colloidal system, in which the colloid particles are dispersed in water. Hydrocolloid are widely used within food industry for various purposes such as for gelling, thickening, foaming, coating, film-forming, improving bake-stability, improving freeze-thaw stability and encapsulation. In addition, it is also used in food products such as jams, soups, ice-creams, jellies, cakes & candies, gelled desserts in order to create the desired texture of food. The major advantages associated with gum hydrocolloid are its ability to modify the flow behavior/viscosity of food systems.
Gum Hydrocolloid Market: Drivers and Restraints
The gum hydrocolloid market is largely driven by growing research and development in hydrocolloid ingredients. Also, increase in consumer preference for natural ingredients in food and beverages are major factor driving the gum hydrocolloid market globally. However, uneven supply of raw material, high price volatility in raw material are anticipated to hamper the market growth during the forecast period.
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Gum Hydrocolloid Market: Segmentation
Gum hydrocolloid market is segmented on the basis of type, function, application and by region. On the basis of type the gum hydrocolloid market is segmented into gellan gum, guar gum, gum Arabic, locust bean gum and xanthan gum. Furthermore, on the basis of function the market is segmented into thickener agent, gelling agent, and stabilizing agent. On the basis of application the gum hydrocolloid market can be segmented as bakery, confectionary, meat and poultry processing, dairy products, sauces and dressing, cosmetics and pharmaceuticals. Lastly, on the basis of region the gum hydrocolloid market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.
Gum Hydrocolloid Market: Key Players
Some of the leading companies operating in gum hydrocolloid market are Archer Daniels Midland Company (ADM), Cargill Inc., Royal DSM, Kerry Group PLC, Danisco A/S, E. I. Du Pont De Nemours And Company to name a few. Major companies dealing in gum hydrocolloid market are focused towards acquisition and launch of new product to modify and upgrade their product portfolio.
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Gum Hydrocolloid Market: Regional Overview
Among all the regions North America was the largest market for gum hydrocolloid in 2013 followed by Europe and Asia Pacific. Developing countries such as India and China are anticipated to witness a high growth in demand for gum hydrocolloid market due to changing lifestyle of consumers coupled with increase in awareness towards healthy living is fuelling the market growth. Sudan is one the major producer of all major gum Arabic in the world with having more than 80% of global productivity. Since gum Arabic is widely used in soft drink industry, US has exempted it from broad trade ban which was imposed in 1997. This lift from ban allowed Sudan to maintain its position as a world power in gum Arabic market.