Market Size of India Food Hydrocolloids Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
India Food Hydrocolloids Market Analysis
India food hydrocolloids market is projected to grow at a CAGR of 7.2% during the forecast period.
- The increase in consumer preference for convenience foods indirectly contributes to the rise in demand for hydrocolloids required as stabilizers, binding agents and thickening agents in convenience food products. The processed food market is driven by the greater need for convenience due to the busy lifestyles of consumers. This, in turn, increases the demand for hydrocolloids.
- The numerous applications of hydrocolloids in food has led to the introduction of new procedures or complex steps in food processing. Food manufacturers are adopting novel food processing methods and are demanding new hydrocolloids that can impart the desired functions.
- Changing regulations related to environment protection, pricing policy, and infrastructure improvements are the challenges faced by the manufacturers in the hydrocolloids market.
