Robust Growth in Processed Foods and Pharmaceuticals, Coupled with Demand from Oil Drilling to Drive Asia-Pacific Hydrocolloids Market to Reach US$5.3 billion by 2024 – Market Report (2018-2024) by Industry Experts, Inc.
Industry Experts, Inc. released the new market research report " Hydrocolloids – Asia-Pacific Market Overview ". This report is a part of the bundle on Hydrocolloids global markets with a comprehensive coverage of the Asia-Pacific market. Analysts estimate that the Food & Beverage end-use sector consumed the largest share of Hydrocolloids in 2018 while Industrial/Technical closely follows in the same year. Asia-Pacific’s hydrocolloids demand is mainly driven by increasing demand from food & beverages, pharmaceuticals and oil & gas sectors. Increasing health consciousness, changing eating habits of consumers and growing working population in developing countries of Asia-Pacific region is anticipated to increase demand for convenience and processed food. Moreover, food additives are becoming a necessary part of food and beverages industry and natural clean label food additives such as hydrocolloids penetration is on the rise. China is the largest market for hyd...