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Africa Food Hydrocolloids Market-Growth, Trends and Forecast (2020 - 2025)

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Market Insight

The demand for natural food products is increasing among the health conscious consumer. This has resulted in the tremendous growth of the global hydrocolloids market. Hydrocolloids function as binding agents, stabilizers, emulsifiers, thickeners and gelling agents. The global market for hydrocolloids is expected to reach a value of USD 8.5 billion by 2023 with a growing CAGR of 5.8%. African market for Hydrocolloids is expected to grow at a CAGR of ~% for the period 2018-2023. 

Market Dynamics

The market is largely driven by increased Research & Development and innovations in hydrocolloids. Consumer preference for natural ingredients and the varied applications of hydrocolloids in the food and beverage industry are some of the reasons for the uptick in demand. The changing consumer demographics in terms of lifestyle changes and growing working population resulting in consumer demand for convenience and processed foods, especially among the emerging nations. This is seen as an opportunity for the manufacturers to adopt hydrocolloids in their manufacturing process. However, the market is mainly constrained by the demand – supply imbalances. Seasonal changes cause volatility in the raw material pricing, thus raising costs for manufacturers. In spite of restrains, the market sees huge potential for growth.

Market Segmentation

Africa hydrocolloids market is segmented based on type which includes gelatin, xanthan gum, starch, carrageenan and others. Majority of the hydrocolloids require raw materials to be sourced from seaweeds, plants, animals and microorganisms. Hydrocolloids are used for a wide range of applications, such as bakery, confectionery, meat & poultry, beverage, and dairy & frozen products. Bakery and Confectionary dominate the market share for hydrocolloids. Changing lifestyles of consumers and increasing awareness on nutritional food is driving the hydrocolloids market in developing countries, such as South Africa and Nigeria. Increasing number of formal stores are increasing the consumption of processed foods, thus creating a market for Hydrocolloids in the African region.

Competitive Environment

The major players in Africa food hydrocolloids market include CP Kelco , Cargill Inc., Ashland Inc., Kerry Group , Hawkins Watts, DuPont, and Royal DSM . The key strategies being used by these market players are that of focusing on expansion of new facilities and launching new products & Services.

In this report we offer, 

1 Market Definition for the specified topicalong with, identification of key drivers and restraints for the market.
2 Market analysis for the Africa Food Hydrocolloids Market, with region specific assessments and competition analysis on a global and regional scale.
3 Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
4 Extensively researched competitive landscape section with profiles of major companies along with their share of markets. 
5 Identification and analysis of the Macro and Micro factors that affect the Africa Food Hydrocolloids Market on both global and regional scale.
6 A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. 

Why should you buy this report?

1 For getting a comprehensive overview of the Africa Food Hydrocolloids Market.
2 To gain wide ranging information about the major players in this industry and the strategies adopted by them. 
3 To gain an insight about the major countries/regions in which this industry is blooming and also identify the regions which are untapped.

 

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