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 |
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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.
India Food Hydrocolloids Industry Segmentation
India Food Hydrocolloids market is segmented by type which includes starch, gelatin gum, xanthan gum and others. Based on Application, the market is segmented into bakery, confectionery, beverages, dairy, meat, poultry and seafood products, oils and fats and others.
Type | |
Starch | |
Gelatin Gum | |
Xanthan Gum | |
Others |
Application | |
Bakery | |
Confectionery | |
Beverages | |
Dairy | |
Meat, Poultry and Seafood Products | |
Oils and Fats | |
Others |
India Food Hydrocolloids Market Size Summary
The India food hydrocolloids market is experiencing significant growth, driven by the increasing consumer preference for convenience foods. This trend is leading to a higher demand for hydrocolloids, which serve as stabilizers, binding agents, and thickening agents in processed food products. The busy lifestyles of consumers are propelling the processed food market, thereby boosting the demand for hydrocolloids. Additionally, the diverse applications of hydrocolloids in food processing are encouraging manufacturers to adopt novel methods and seek new hydrocolloid solutions to achieve desired food characteristics. However, the market faces challenges such as changing environmental regulations, pricing policies, and infrastructure improvements. Despite these challenges, the market is expected to grow steadily due to the rising population and increasing disposable income, which are driving the demand for specialty and processed food products.
The market for food hydrocolloids in India is also benefiting from the growing demand for natural and clean label food additives. Consumers' preference for low-calorie and low-fat products is propelling the use of hydrocolloids as fat replacers, which is expected to further drive market growth. The prevalence of celiac disease in India, a major wheat-consuming country, is fostering a rise in health consciousness and increasing demand for gluten-free processed foods. Hydrocolloids like xanthan gum and guar gum are being used as gluten substitutes in baked goods, offering benefits to both gluten-sensitive consumers and food processors. The market is fragmented with several key players, including CP Kelco, Rousselot, Cargill Inc., Hawkins Watts, DuPont, and Royal DSM, who are focusing on expanding facilities and launching new products to capture market share.
India Food Hydrocolloids Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Starch
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2.1.2 Gelatin Gum
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2.1.3 Xanthan Gum
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2.1.4 Others
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2.2 Application
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2.2.1 Bakery
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2.2.2 Confectionery
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2.2.3 Beverages
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2.2.4 Dairy
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2.2.5 Meat, Poultry and Seafood Products
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2.2.6 Oils and Fats
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2.2.7 Others
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India Food Hydrocolloids Market Size FAQs
What is the current India Food Hydrocolloids Market size?
The India Food Hydrocolloids Market is projected to register a CAGR of 7.20% during the forecast period (2024-2029)
Who are the key players in India Food Hydrocolloids Market?
Cargill, Inc., CP Kelco U.S., Inc, DuPont, Koninklijke DSM N.V. and Hawkins Watts are the major companies operating in the India Food Hydrocolloids Market.