Hydrocolloids are defined as a mixture of colloids in water. In hydrocolloids, several and diverse colloids particles can be dispersed throughout in an aqueous medium. Depending on the saturation of the colloid particles, the substance can act as a liquid or a gel. Industrial uses of hydrocolloids include emulsification and thickening due to their property of mixing uniformly in water. Absorbent hydrocolloids can be used as effective thickening agents.
The report on the global hydrocolloids market presents historical and projected future statistics regarding the market. The market’s growth trajectory in the review period is presented in the form of charts as well as elaborative descriptions. Growth estimations for the global hydrocolloids market are then presented, based on analysis of historical data and current trends.
Primary and secondary research has been employed in creating the report, and reliable analytical tools such as SWOT analysis, Porter’s five forces analysis, and market attractiveness analysis have been used to dissect the market data.
Overview of the Global Hydrocolloids Market
Hydrocolloids are primarily used in the food and beverages, oil and gas, textiles, pharmaceutical, and paper and paperboard industries. Among these, food and beverages and petroleum extraction are the dominant application sectors of the global hydrocolloids market, on the basis of both volume and revenue. Growing demand for energy and growing globalization of food is expected to keep both these sectors buoyant in the coming years, ensuring steady demand from the hydrocolloids market.
Starches and starch derivatives are the overwhelmingly dominant product categories of the global hydrocolloids market, due to their ease of use and efficient application. The easy availability of starch-based hydrocolloids in nature is a major factor driving the market for starch hydrocolloids. Their biocompatible nature also facilitates usage in food and beverages. In the forecast period, high-value hydrocolloids are expected to grow in stature in the global hydrocolloids market. These types of hydrocolloids include guar gum, gelatin, and casein.
By geography, Asia Pacific is the largest regional segment of the global hydrocolloids market. Within Asia Pacific, China and Japan lead demand for hydrocolloids, due to the strong presence of the two major end-use industries of hydrocolloids – food and beverages and oil and gas – in these regions. Though demand from Asia Pacific is expected to remain steady and possibly grow in the forecast period, it is the Europe market for hydrocolloids that is expected to take center stage in the coming years. The steady recovery from the eurozone crisis will enable full-scale industrial production in many European countries, particularly Balkan and Eastern European countries. This will help demand for hydrocolloids from Europe.
Companies Mentioned in the Research Report
The report includes a comparative analysis of the major players in the global hydrocolloids market. Major companies analyzed in the report include Cargill, CP Kelco, Hispanagar S.A., FMC Biopolymers, and Jungbunzlauer.