Germany Gum Hydrocolloid Market Competitors, Growth Opportunities, and Forecast 2027
Gum Hydrocolloid Market Scope
The global gum hydrocolloid market is projected to reach USD
14.36 billion by 2027. It is expected to garner revenues at a CAGR of 6.2% over
the forecast period.
Gum hydrocolloid are functional ingredients used as
thickeners, stabilizers, and emulsifiers. They are obtained from synthetic and
natural sources with applications in agriculture, pharmaceuticals, personal
care, oil & gas, and food & beverages. The global gum hydrocolloid
market report by Market Research Future (MRFR) considers drivers, challenges,
trends, and hurdles for the period of 2019 to 2027 (forecast period). The
impact of the COVID-19 pandemic and its effects have been noted in the report.
Germany's gum hydrocolloid market is experiencing steady growth, driven by the increasing adoption of natural and clean-label food ingredients. Gum hydrocolloids are widely used in the food industry for their functional properties, such as thickening, stabilizing, and gelling. The market in Germany is characterized by the presence of several key players offering a variety of gum hydrocolloid products to meet the diverse needs of consumers.Huge demand for convenience foods and indulgence of processed foods can drive the need for gum hydrocolloid which provide functional nutrients to the body. The rising wave of health-consciousness among consumers has led to food and beverage manufacturers to shift to natural ingredients in their formulations. This is evident with the use of pectin, guar gum, locust bean gum, and carrageenan. According to Agriculture and Agri-Food Canada, the U.S. accounted for USD 68.17 billion worth of bakery products.
Complexities in attaining raw materials and adherence to
strict regulations can restrain market growth.
Competitive Intelligence
Ingredion Incorporated (US),Kerry Group (Ireland),Cargill,ADM
(US),Incorporated (US),Darling Ingredients Inc. (US),DuPont (US) are the global
gum hydrocolloid key market players.
Segmentation
The global gum hydrocolloid market overview has been
segmented by type, source, and application.
Based on type, the market has been divided into agar,
pectin, gelatin, alginates, carrageenan, gum arabic/acacia gum, guar gum,
xanthan gum, and others. The gelatin segment dominated the global gum
hydrocolloid market in 2018 with a market share of more than 18%.
By source, the global gum hydrocolloid market has been
divided into natural and synthetic. The natural segment accounted for the
largest market share in 2018, with a value of USD 19,118.6 million in 2027.
The application segments of the market are food and beverages
and others. The food and beverages segment has been further segmented into
meat, poultry, and seafood products; dairy and frozen desserts; bakery and
confectionery; creams, dressings, and spreads; and beverages, among others. The
food and beverage segment is expected to register a higher CAGR of 5.55% during
the forecast period. This can be attributed to the use of gum hydrocolloid as
food additives to alter the composition and texture of food items. This is
exemplified by its use in jellies, jams, ice creams, cakes, and candies.
Shortening Market Research Report – Forecast to 2030
Sparkling Wine Market Research Report – Forecast to 2030
Market Research Future (MRFR) is a
world-renowned market research company that offers a wide range of services,
complete with accurate and precise analysis about diverse markets, sub-markets
and target consumers. Our approach is a combination of extensive information
and multiple data sources that help provide an exhaustive comprehension about
the latest major developments to the client, in addition to future events and
what measures and decisions to take on the basis of the same.
Our fast-emerging market research firm is
armed with an adept research analysts’ team that focuses on gathering useful
data and analytics in terms of economic and technological advances. Our
proficient analysts conduct industrial visits in a bid to achieve reliable and
accurate information from established market participants. One of our foremost
objectives is to keep the client well-versed with all the lucrative
opportunities as well as challenges surrounding various global markets. We
offer step-by-step guidance to our clients, through consulting and strategic
services, enabling them to arrive at a practical and effective decision.
Contact us:
Market Research Future (part of Wantstats Research and
Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013,
United States of America
Comments
Post a Comment