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Global Plant Hydrocolloids Market to Create an Absolute $ Opportunity of US$ 1.4 Bn During Forecast Period 2019 – 2029

A new report composed by Fact.MR, global plant hydrocolloid market will record a CAGR of 6.1% in terms of volume, between the forecast period 2017 and 2026. Sales of plant hydrocolloid around the world are poised to bring in nearly US$ 8,000 Mn in revenues by 2026-end.

Plant hydrocolloid have been substantially utilized in pharmaceutical and food industries as an emulsifying, coating, gelling, stabilizing, and thickening agent. Plant hydrocolloid help in quality enhancements as well as shelf life extension in a wide variety of products. Inclination toward processed and convenience food has surged tremendously around the world over the past few years. Plant hydrocolloid experience huge adoption as additives in food & beverage industries, as they improve the stability, texture, and aesthetic appeal of food products.

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They are also capable of curtailing massive amounts of fats effectively by dissolving in water, along with acting as a fat replacement in the food products. The aforementioned aspects are paving high demand for plant hydrocolloid in the food industries. Significant surge in adoption of low-fat & low-calorie foods is likely to bolster adoption of plant hydrocolloid. Preferences of consumers are changing, coupled with technological developments, for nutritional & healthy foods, which in turn is resulting into soaring requirement for natural hydrocolloid as a consequence, such as plant hydrocolloid. On the other hand, volatile prices of plant hydrocolloid owing to the seasonal nature of production will create hindrances to the market expansion. Growing demand and supply gap is further likely to negatively impact growth of the plant hydrocolloid market globally.

Key Projections on Future of Plant Hydrocolloid Market for Forecast Period 2017-2026 (In terms of Volume)

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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.

  • Cellulosics
  • Pectin
  • Guar Gum
  • Locust Bean Gum
  • Gum Arabic
  • Other Sources
  • Dairy Products and Bakery and Confectionery
  • Sauces, Dressings, and Condiments
  • Beverages
  • Snacks and Savoury
  • Meat and Poultry
  • Other Applications

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The global market for plant hydrocolloid comprises several regional, local, and global players, thereby making nature of the market to be highly fragmented. High competition is being witnessed in the market, where global players hold major shares of the market. The leading players compete based on quality & cost of plant hydrocolloid, along with product innovations. Major companies in the global plant hydrocolloid market possess a widespread geographical occupancy and have huge production facilities. Key companies identified by the report include Sensient Technologies Corporation, Tate & Lyle PLC, Dohler GmbH, Kerry Group Plc, Lonza Group Ltd., Furest Day Lawson Holdings Limited, Rousselot S.A.S., Symrise AG, E. I. du Pont de Nemours and Company, Ashland Inc., FMC, Dow, Cargill, Inc., and CP Kelco.

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