Market Trends of Australia Food Hydrocolloids Industry
This section covers the major market trends shaping the Australia Food Hydrocolloids Market according to our research experts:
Pectin Holds a Significant Share in The Market
The increased usage of pectin in fruit juices for improved mouthfeel, in acidified dairy applications for protein stabilization, low-calorie jams, and acidified protein drinks, is supporting the market's growth from the last few years. The increasing awareness about the multifunctionality of pectin among food and beverage manufacturers in the country such as it reduces cooking time, improves texture & color, and increases the shelf life is yet another factor that is fuelling the market of pectin. Furthermore, it is also widely used in the pharmaceutical industry for wound healing preparations and specialty medical adhesives. Increasing health concerns and the growing demand for natural and organic ingredients are also likely to drive the Australian pectin market during the forecast period.
Increasing Demand For Convenience Food Products
An Australian consumer snack on an average four times a day presenting a valuable opportunity for the vegan industry to capitalize on this trend creating more healthy snack options for the consumers. There is a progressive increase in vegan to-go snack products in the country. As hydrocolloids are mostly derived from plant sources, it is adding a strong benefit to the on-going healthy vegan snacking trend. The hydrocolloid's functionality requirements range from a simple gel or coating to the most complex of properties with many factors from production to final consumption carefully balanced. In a more complex way, hydrocolloids play a critical role in the flavor release profile along with the sweetness impact in various confectionery products such as pastries, tart, and others. Owing to increasing snacking in the country, the market is witnessing significant growth in the country.
