Global Hydrocolloid Market 2016-2020

Overview of the global hydrocolloid market

Hydrocolloids are primarily used for thickening, gelling, coating, stabilizing and emulsifying purposes. They help in enhancing the quality and extending the shelf life of diverse products.The food and beverage industry is the major end-user of hydrocolloids as these polymers can increase viscosity, texture, and enhance the physical appearance of products. Moreover, the addition of hydrocolloids to food products and beverages brings about a reduction in sugar and salt content without altering the taste and texture of the products. Owing to the shifting preferences of consumers towards a healthier lifestyle, the demand for nutritious ingredients such as hydrocolloids will also increase in the coming years.  Also, the growing use of hydrocolloids in functional food helps in reducing the occurrences of diabetes, obesity, and several other diseases. Technavio’s market research analyst predicts the global hydrocolloid market to grow at a CAGR of more than 5% during the forecast period.

In terms of geography, Europe accounted for the largest market share in 2015 and will continue to dominate the market during the forecast period. Much of the region’s growth is due to the predominant use of hydrocolloids in the food and beverage industry. The increasing use of cheese, yogurt, frozen products, and meat and poultry products are expected to contribute to the growth of the market in this region. Moreover, the growing consumption of fruit and vegetable juices in countries like Austria, Belgium, Greece, Germany, Spain, Portugal, Sweden, the Netherlands, and the UK will foster the demand for hydrocolloids in Europe.

Competitive landscape and key vendors

The global hydrocolloids materials market comprises of several key global, regional, and local players. The market is characterized by intense competition, where large global vendors such as JM Huber, Cargill, DuPont, Archer Daniels Midland, and FMC account for a major part of the overall market share. These players contend in terms of innovations and price and quality of product and have a vast geographical presence with huge production facilities located across the globe.

Leading vendors in the market are -

• Archer Daniels Midland
• Cargill
• DuPont
• FMC
• J.M. Huber

Other prominent vendors in the hydrocolloid market include Altrafine Gums, Ashland, Ingredion, and Kerry Group.

Segmentation by application and analysis of the hydrocolloid market

• Food and beverage
• Oil and drilling
• Pharmaceuticals
• Cosmetics and textiles

In 2015, the food and beverage industry dominated the hydrocolloid market and occupied most the market shares. Hydrocolloids find extensive usage in confectionery, bakery, poultry, meat, dairy, sauces, and several beverages for dressing, emulsifying and stabilizing purposes. Growing health concerns among individuals are expected to drive the market for processed and functional food products during the estimated period.

Segmentation by source and analysis of the hydrocolloid market

• Plant hydrocolloids
• Animal hydrocolloids
• Microbial hydrocolloids
• Seaweed hydrocolloids
• Synthetic hydrocolloids

Plant hydrocolloids occupy the largest share in the global market. These hydrocolloids include MCC, carboxymethylcellulose (CMC), and methylcellulose and its derivatives, including hemicelluloses, pectins, exudate gums, mucilage gums, starch, and fructans. These types of hydrocolloids are primarily used in the food industry to enhance texture, add opacity, improve mouthfeel, and minimize the fat content. They are also used in the pharmaceutical industry as a drug dry table binder and also finds significant applications in the cosmetics and oil drilling industries.

 Key questions answered in the report include

• What will the hydrocolloid market size and growth rate be in 2020?
• What are the key factors driving the global hydrocolloid market?
• What are the key market trends impacting the growth of the global hydrocolloid market?
• What are the challenges to market growth?
• Who are the key vendors in the global hydrocolloid market?
• What are the market opportunities and threats faced by the vendors in the global hydrocolloid market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global hydrocolloid market?

Technavio also offers customization on reports based on specific client requirement.

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