The Asia Pacific Hydrocolloids Market was worth USD 1.04
billion in 2016 and estimated to be growing at a CAGR of 6.95%, to reach USD
1.46 billion by 2021.
A hydrocolloid is defined as a colloid system where the
colloid particles consist of hydrophilic polymers dispersed in water. A
hydrocolloid has colloid particles spread throughout water, and depending on
the quantity of water available that can take place in different states, it is
classified as a gel or sol (liquid). Hydrocolloids can be classified as either
irreversible or reversible depending on the nature of their transformation when
in contact with solvents.
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Hydrocolloids have the unique property of forming viscous
liquids or gels when they come in contact with water. The main sources of the
same are polymers from animals, microbes, plants and synthetics. They are also
extensively used in food and beverages products. Seaweed and plant exudates are
the major commercial sources of hydrocolloids. Some common examples of the
category are gelatin, xanthan gum, locust bean gum, Arabic gum, guar gum, AGAR,
pectin and carboxymethyl cellulose.
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The biggest driver of the Asia Pacific Hydrocolloids market
is the increased interest shown in Research & Development and innovations
in hydrocolloids. This combined with the rising demand of natural
hydrocolloids, the increase in demand for processed food, the health concerns
among increasingly aware consumers and change in customer preference towards
low fat food are some the main drivers for the hydrocolloids market.
Hydrocolloids are also finding applications in various beverages leading to a
further uptick in demand for the same. As for the restraints, the main put-off
for the market is disparities between the supply and demand. The market is also
affected by seasonal changes, which lead to a volatility in the pricing of raw
materials leading to an increase in expense for the manufacturers. Overall the
market is driven by more factors than it is restrained and is expected to have
a huge potential for growth.
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The Asia Pacific Hydrocolloids market is broadly classified
into Gelatin, Starch, Xanthan Gum, Carrageenan, Alginate, Pectin, Agar,
Galactomannans and Others based on type, based on Source into Natural Sources
such as Plants, Animals, Microbial, Seaweed and Synthetic Source. On the basis
of function, they are classified as Stabilizer, Emulsifier, Jellying Agent, Fat
Replacer, Coating Agents and Others and based on application into Dairy &
Frozen Products, Bakery, Meat, Poultry & Seafood, Beverages, Confectionary,
Oils & Fats and Others. Based on geography, the Asia Pacific market is
divided mainly into India, China, Japan, South Korea and Australia. The Asia
Pacific region is the fastest growing region and also has the third largest
market share globally. The region’s high CAGR can be attributed to the fact
that most of the countries in the region are developing and new enterprises
tend to thrive easily here.
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Some of the major companies dominating the market, by their
products include CP Kelco, Cargill Inc., Ashland Inc., Ingredion, Tic Gums
Inc., Darling Ingredients, Kerry Group, Hawkins Watts, DuPont, and Royal DSM
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