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 5.7%. African market for Hydrocolloids is expected to grow at a CAGR of ~% for the period 2018-2023. South Africa accounts for ~% of the total Africa hydrocolloids market.
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.
The 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 increase awareness of 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.
The major players in the South African 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 the expansion of new facilities and launching new products & Services.
In this report we offer,
1 Market Definition for the specified topics along with, identification of key drivers and restraints for the market.
2 Market analysis for the South 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 South 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 To understand comprehensive overview of the South Africa Food Hydrocolloids Market.
2 To gain wide 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.
1.1 Research methodology
1.2 Market Definition
1.3 Report Description
2. Key Findings
3. Market Overview & Dynamics
3.2.1 Demand for Natural hydrocolloids
3.2.2 Growing innovations in Hydrocolloids market
3.2.3 Wide applications due to varied functionality
3.3.1 Raw material vulnerable to seasonal changes
3.3.2 Demand and supply imbalance
3.4.1 Increasing demand for convenience & Processed foods
3.4.2 Growth of formal stores
3.4.3 Wider Acceptance of GSFA for improved International Trade
3.5 Porter’s Five Forces Analysis
3.5.1 Bargaining power of Suppliers
3.5.2 Bargaining power of Buyers
3.5.3 Degree of Competition
3.5.4 Threat of Substitution
3.5.5 Threat of new entrants
4. Market Segmentation by Type
4.1 Food Hydrocolloids Market, by type
4.1.2 Gelatin gum
4.1.3 Xanthan gum
4.2 By Application
4.2.2 Dairy & Frozen products
4.2.3 Oils & Fats
4.2.5 Meat poultry & Sea Food products
5. Competitive Landscape Overview
5.1 Market Share Analysis
5.2 Strategies by leading players
5.3 New Product Developments &Other Innovations
6. Company Profiles
6.1 Cargill Inc
6.2 CP Kelco
6.4 Kerry Group
6.5 Royal DSM
6.6 Hawkins Watts
6.9 Behn Meyer
6.10 TIC Gums corporation
6.12 Darling Ingredients Inc
6.13 Penford Corporation
LIST OF TABLES
1: South Africa: Hydrocolloids market Revenue,by Type, 2012-2020 ($Million)
2: South Africa: Hydrocolloids market Revenue,by Application, 2012-2020 ($Million)