Stiff competition and fragmentation prevail in the global
food hydrocolloids market. In this market with a large number of local and regional players, key players have resorted to product innovation, investments, and acquisitions to gain competitive advantage.
The food industry has been displaying a surging demand for food hydrocolloids predominantly on account of its functional properties. The increasing uptake of ready-to-eat meals is the key factor having a positive impact on the food hydrocolloids market. In present times, the increasing complexity in consumer dynamics due to professional and personal commitments does not leave adequate time for fresh cooking on a regular basis. This, in turn, is displaying an increased demand for ingredients used in food products such as hydrocolloids.