Market Trends of Canada Food Hydrocolloids Industry
This section covers the major market trends shaping the Canada Food Hydrocolloids Market according to our research experts:
Increasing Penetration for Speciality Ingredients
The functional food industry and the dietary food supplement sectors in Canada are witnessing growth at a faster rate. Moreover, the specialty food industry is experiencing demand growth, due to increasing consumer preferences for high-quality food products. Therefore, with the rise in consumption of these types of food and beverage, the Gellan gum is also commonly being added to fortified juices and plant milk to help stabilize supplemental nutrients like calcium keeping them mixed into the beverage rather than pooled at the bottom of the container. Moreover, Gellan gum is particularly popular in vegan packaged foods because it's a plant-based alternative to gelatin. Therefore, these factors are expected to increase the application of hydrocolloids in the specialty food ingredients market in Canada.
Increasing Consumption for Food and Beverage among Canadians
Canada is a potential market in the food and beverage industry as it possesses a wide consumer base with a multicultural population. Canadian consumers tend to spend a substantial amount of their earnings on food and drink owing to the four important factors of value, convenience, health, and sustainability that drive their choices, which is expected to increase the application of hydrocolloids in the food and beverage market in Canada. Moreover, the changing consumer demographics in terms of lifestyle changes and growing working population resulting in consumer demand for convenience and processed foods. This is seen as an opportunity for the manufacturers to apply hydrocolloids in their manufacturing process.
