Market Size of South America Food Hydrocolloids Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Food Hydrocolloids Market Analysis
The South American food hydrocolloids market is anticipated to register a CAGR of 7.0% during the forecast period (2020-2025).
- The market is driven by the wide applications of hydrocolloids in the food industry. It is also attributed to the increasing demand for natural and clean-label ingredients.
- Pectin remains to be the major ingredient available for clean-label requirements and its use is growing in dairy and dairy alternative beverages.
- The changing consumer demographics, in terms of changing lifestyles and the increasing working population, are resulting in a high demand for convenience and processed foods across the region, which, in turn, will boost the sales.
