Global hydrocolloids market is expected to reach USD 1,091,608.62 thousand by 2026, growing at a substantial CAGR in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.
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The hydrocolloids market is a highly concentrated market which includes key players and local players. The market has witnessed increased strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to the demand of 3-D printing in confectionaries, bakery, grocery manufacturing and processing company which is one of the factors boosting the growth of the market. The rising interest towards the healthy foods, organic foods and demand of the seasonal foods are making their usage and application more. The processed product containing hydrocolloids guarantees the nutrition and quality with standardization to consumers which are presumed to be of high quality and healthy. This acts as one of the factors boosting the growth of the market.
The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio in order to meet the rising demand of innovative technology. For instance, in May 2018, NOREVO Company launched Quick Shell coating agent made up of selected hydrocolloids and sugars. The product provides quick application of sugar layers in the production of pan-coated products. It is a natural gumming agent that creates a barrier against migration of fat, acid and humidity. The product helped the company to expand its portfolio of hydrocolloids products and thus positively impacting the market to grow.
Koninklijke DSM N.V. dominated the hydrocolloids market. The other key players existing in the market includes DowDuPont and Archer Daniel Midland Company. The other key players existing in the market includes Ashland, Daicel Corporation, Darling Ingredients, Tate & Lyle, B. Braun Melsungen AG, Ingredion Incorporated, Cargill and others.
Koninklijke DSM N.V.:
Koninklijke DSM N.V. is headquartered in Limburg, Netherlands was founded in 1902. The company is engaged in providing solutions to health, nutrition and materials sector. The company has three operating divisions namely, nutrition, materials and innovation centre.
Nutrition business segment offers DSM Nutritional Products and DSM Food Specialties; giving solution for pharmaceuticals, early life nutrition, nutrition improvement, animal feed, food and beverages, dietary supplements and personal care. Materials operate in DSM engineering plastics, DSM Dyneema, and DSM resins & functional materials divisions. DSM Innovation Center works on innovation power and speed of our core businesses.
It has its global networks in Europe, North America, South America, Asia-Pacific, South Africa and Egypt. The company has various subsidiaries such as Fortitech Asia Pacific Sdn Bhd (U.S.), Inner Mongolia Rainbow Biotechnology Corporate Limited (China), Martek Biosciences Corporation (U.S.), Mixfit Inc. (U.S.), Ocean Nutrition Canada (Canada), DSM Composite Resins AG (Switzerland) and others.
DowDuPont headquartered in Michigan, U.S. was founded in 1897. The company is engaged in providing agriculture, material science and specialty products. The company operates through eight business segments which include agriculture, transportation and advanced polymers, nutrition and health, safety and construction, electronics and imaging, industrial biosciences, packaging and specialty plastics and other.
The agriculture segment offers a wide range of hybrid corn seed, soybean seed varieties and other agricultural products to achieve gains in crop yields and productivity. The transportation and advanced polymers provides polymer-based materials and expert application for cost efficiency, enhance the performance and sustainable product development. Nutrition and health segment offers sustainable, bio-based ingredients, gives innovative solutions including the wide-range of DuPont Danisco food ingredients, pharmaceutical excipients, sweeteners and pharmaceutical ingredients. The transportation and advanced polymers provides polymer-based materials and expert application for cost efficiency, enhance the performance and sustainable product development. The safety and construction comprises of innovation engineered products for construction, worker safety, energy, oil and gas transportation. The electronics and imaging product line gives wide variety of materials and systems for displays, consumer electronics, photovoltaics and advanced printing. The industrial biosciences have variety of products dealing in bio-based products such as enzymes. The packaging and specialty plastics offers e specializes in resins and films for packaging, sporting goods, sealants and adhesives.
It has its global networks in the Americas, Europe, Middle East & Africa and Asia. It operates through its subsidiaries such as Dupont Argentina S.R.L. (Argentina), Dupont De Nemours Bvba (Belgium), Dupont Do Brasil S.A. (Brazil) and others.
Archer Daniels Midland Company:
Archer Daniels Midland Company headquartered in Illinois, U.S. was founded in 1902. The company is engaged in the production of processed food, supplements, animal nutrition, fuel, industrials, logistics and also providing farmer and financial services. The company has five operating divisions namely, origination, oilseeds, carbohydrate solutions, nutrition and others.
Origination primarily serve food and feed ingredients and as raw materials for the agricultural processing industry such as oilseeds, corn, wheat, milo, oats, rice, and barley. Oilseeds segment is organized and operates to provide ingredients for the food, feed, energy, and industrial products industries. Carbohydrate Solutions offers wide range of products by converts corn and wheat into sweeteners, corn and wheat starches, wheat flour and bio-products. Nutrition offers g natural flavour ingredients, flavour systems, natural colors, proteins, emulsifiers, soluble fiber, polyols, hydrocolloids, natural health and nutrition products and other specialty food and feed ingredients.
The company has wide geographic presence in Asia-Pacific, Europe, Middle East and Africa, South America and North America and it operates through its subsidiaries such as ADM Australia (Australia), ADM New Zealand (New Zealand) and others.
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