The global market for gum hydrocolloids has been exhibiting growth at a rapid pace over the last few years. The market owes its robust growth to the growing demand for natural food ingredients by consumers belonging from different age groups.
Hydrocolloid is a functional food ingredient that is used in food and beverages to increase their viscosity, stability, texture, and physical appearance. When isolated in water, hydrocolloids form gel like substances. Polymers obtained from plants, synthetic, animals, and microbes are major sources of hydrocolloids.
Some of the most commonly used hydrocolloid in the food and beverages industry include carrageenam, alginates, gelatin, pectin, xanthan gum, AGAR, and others. Compiled with the intent of updating stakeholders about the prevailing market dynamics and future outlook, the report presents insights into the key factors influencing the market’s growth trajectory.
The report presents a qualitative and quantitative assessment of prevalent market trends by industry analysts. It provides an in-depth analysis of industry participants in the value chain. Based on information obtained from trusted industrial sources, it evaluates the impact of micro- and macro-economic factors and government policies on market operations. Apart from this, analysis of market attractiveness as per segments is also included in the report.
Global Gum Hydrocolloid Market: Key Factors Influencing Market
The global market for hydrocolloid is gaining impetus from the growing research and development in hydrocolloid ingredients. Additionally, the rising consumer preference for natural ingredients will also result in increased demand for hydrocolloid. Despite witnessing favorable trends worldwide, the volatility of raw material prices and the uneven supply of the same is projected to inhibit the market’s growth to an extent.
Global Gum Hydrocolloid Market: Segmentation
To provide a holistic overview, the market for hydrocolloid is segmented in terms of function, application, type, and geography. Based on type, the market is segmented into guar gum, gellan gum, locust bean gum, gum Arabic, and xanthan gum. In terms of function, the key segments of the market include thickener agent, stabilizing agent, and gelling agent. Based on application, the gum hydrocolloid market can be segmented into confectionary, bakery, meat and poultry processing, sauce and condiments, dairy products, pharmaceuticals, and cosmetics.
Regionally, the global gum hydrocolloid market is spread across Asia Pacific (excluding Japan), Japan, Europe, Eastern Europe, Latin America, Middle East and Africa, and Latin America.
Global Gum Hydrocolloid Market: Regional Outlook
North America dominated the global gum hydrocolloid market in 2013, trailed by Europe and Asia Pacific. The enterprises operating in the market are expected to witness surging demand in emerging economies such as India and China. The changing lifestyle in these countries, coupled with the growing awareness towards healthy living, will aid the expansion of the gum hydrocolloid market in Asia Pacific.
Additionally, the market sees lucrative prospects in Sudan for gum Arabic. Since gum Arabic is extensively used in soft drinks, the U.S. has exempted it from broad trade ban imposed on 1997. Owing to such favorable policies, Sudan is able to maintain its lead in the market as the largest producer of gum Arabic globally.
Global Gum Hydrocolloid Market: Competitive Landscape
To present insights into the competitiveness prevailing in the market, the report profiles companies such as Cargill Inc., Archer Daniels Midland Company (ADM), E. I. Du Pont De Nemours, Danisco A/S, And Company, and others. These companies are studied on the basis of their financial overview, strategies adopted, development status, and product portfolio.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.