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.
This market report analyzes hydrocolloids by raw material source comprising Animal-derived, Microbial-fermented, Plant-derived, Seaweed-derived and Cellulose-based. The report analyzes the global market for hydrocolloids by individual hydrocolloids types consisting of Gelatin, Xanthan Gum, Gellan Gum, Guar Gum, Gum Arabic, Locust Bean Gum (LBG), Tara Gum, Pectin, Agar-Agar, Alginates, Carrageenan, Carboxymethyl Cellulose (CMC), Methyl Cellulose & Hydroxypropylmethyl Cellulose (MC & HPMC), and Microcrystalline Cellulose (MCC). The study also analyzes the key end-use applications of hydrocolloids including Animal Feed, Food & Beverages, Pharmaceuticals & Healthcare, Cosmetics & Personal Care, Oil & Gas and Industrial/Technical applications. Asia-Pacific markets for the above-mentioned hydrocolloids raw material sources, types and end-use applications are analyzed both in terms of volume in metric tons and value in USD.
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