The food hydrocolloids market share in China is expected to post an incremental growth of USD 550.18 million, decelerating at a CAGR of 9.30% during the forecast period. The rising consumption of convenience foods will offer immense growth opportunities to market vendors. The food hydrocolloids market in China is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Food Hydrocolloids Market in China by Type and Application - Forecast and Analysis 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The food hydrocolloids market in China is segmented by type (gelatin gum, pectin, xanthan gum, guar gum, and others) and application (dairy and frozen products, bakery and confectionery, beverages, meat and seafood products, and others).
The growth of the food hydrocolloids market size in China by the gelatin gum segment will be significant during the forecast period. The growth is attributed to the high demand for gelatin gum owing to its wide range of applications in the food industry.
The rising consumption of convenience foods will directly influence the sales of food hydrocolloids in China. In addition, the multifunctionality of hydrocolloids is one of the major food hydrocolloid market trends in China that will positively impact the market growth. However, factors such as the high prices that are affecting product consumption will hamper the food hydrocolloids market growth in China.
The market is fragmented due to the presence of several players. Some of the major food hydrocolloids market vendors in China are Archer Daniels Midland Co., Ashland Global Holdings Inc., Behn Meyer Deutschland Holding AG & Co. KG, Cargill Inc., CP Kelco US Inc., Hawkins Watts Ltd., International Flavors and Fragrances Inc., Koninklijke DSM NV, Rousselot (M) SDN. BHD., and Zhenpai Hydrocolloids Co. Ltd
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2022-2026.
CAGR of the food hydrocolloids market in China forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the food hydrocolloids market share in China.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the food hydrocolloids market in China.
Food hydrocolloids industry growth across China.
