September 12/Atlanta/PRWEB -- According to a report by Markets and Markets, the global food hydrocolloid market is projected to reach $7 billion, growing at a CAGR of 5% by 2018. North America dominated the global food hydrocolloid market in 2012. The market for food hydrocolloids is witnessing a remarkable growth due to growing demand for healthier food products and natural food ingredients.
The demand for hydrocolloids is increasing in emerging markets such as India and China due to changes in lifestyle and preference for convenience foods. Asia-Pacific is the fastest growing region for the food hydrocolloids market. This market is dominated by gelatin in terms of value and volume. It is mostly extracted from natural sources such as seaweed, plant exudates, etc. Plant exudates are widely used for extraction. Hydrocolloid has a wide array of applications in the food industry.
The market for food hydrocolloid by applications has been dominated by confectionery. The important players of food hydrocolloid have been involved in the expansion of new facilities and manufacturing units to enhance their global reach and meet the growing demand for hydrocolloids in various countries.