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Plant Hydrocolloids Market to Surpass US$4Bn, Clean Label Trends to Augment Growth, Projects Fact.MR
Heightened demand for clean label food products is projected to give an uptick to sales of plant hydrocolloids. Plant hydrocolloids provide functional benefits within the food industry such as their utilization as vegan replacements for gelatin hydrocolloids. They are also gaining proficiency as effective substitutes for eggs which have end use applications in the bakery industry. These factors are inducing demand for plant hydrocolloids in the food industry. Demand for plant hydrocolloids is expected to grow exponentially and is projected to create an absolute $ opportunity of US$ 4.5 Bn during forecast period 2019 – 2029.