Robust Growth in Processed Foods and Pharmaceuticals, Coupled with Demand from Oil Drilling to Drive Asia-Pacific Hydrocolloids Market to Reach US$5.3 billion by 2024 – Market Report (2018-2024) by Industry Experts, Inc.
Tuesday 19 Mar 2019
Industry Experts, Inc. released the new market research report "Hydrocolloids – Asia-Pacific Market Overview". This report is a part of the bundle on Hydrocolloids global markets with a comprehensive coverage of the Asia-Pacific market. Analysts estimate that the Food & Beverage end-use sector consumed the largest share of Hydrocolloids in 2018 while Industrial/Technical closely follows in the same year.
Asia-Pacific’s hydrocolloids demand is mainly driven by increasing demand from food & beverages, pharmaceuticals and oil & gas sectors. Increasing health consciousness, changing eating habits of consumers and growing working population in developing countries of Asia-Pacific region is anticipated to increase demand for convenience and processed food. Moreover, food additives are becoming a necessary part of food and beverages industry and natural clean label food additives such as hydrocolloids penetration is on the rise.
China is the largest market for hydrocolloids in Asia-Pacific, estimated at 328 thousand metric tons in 2018, which is also likely to post the fastest 2018-2024 CAGR of 5.6% in reaching a projected 456 thousand metric tons by 2024. The market for hydrocolloids in Asia-Pacific is expected to touch US$4.1 billion in 2019.
The report reviews, analyses and projects the Hydrocolloids market for key regional markets in Asia-Pacific for the period 2015-2024 comprising Asia-Pacific – China, India, Indonesia, Japan, South Korea, Malaysia, Thailand and Rest of Asia-Pacific.
This 406 page Asia-Pacific hydrocolloids market report includes 383 charts (includes a data table and graphical representation for each table), supported with a meaningful and easy to understand graphical presentation, of the market. The study profiles 140 key market players and also provides the list of the companies engaged in research & development, manufacturing and supply of hydrocolloids. The regional list of companies covers addresses, contact numbers and the website addresses of 258 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit https://industry-experts.com/verticals/food-and-beverage/hydrocolloids-asia-pacific-market-overview
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