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Global Hydrocolloids Market Size, Share, Trends, Report: By Product: Corn Starch, Guar Gum, Carrageenan, Xanthan Gum; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Hydrocolloids Market Outlook
The global hydrocolloids market reached a value of almost USD 11.24 billion in 2023. The hydrocolloids industry is further expected to grow at a CAGR of 6.5% between 2024 and 2032 to reach a value of nearly USD 19.85 billion by 2032.
The global hydrocolloids market is supported by North America, which is a leading consumer for hydrocolloids. The hydrocolloids market is driven by the oil well drilling and strong pharma spending in this region. Areas such as the Asia Pacific and the United States are the major producers as well as consumers of hydrocolloids. In Europe, Germany and France are the largest consumers in the hydrocolloids market, aided by the pharmaceutical and food industries in the region.
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Corn starch accounts for the largest industry share in the global hydrocolloids market, followed by guar gum, xanthan gum, and carrageenan. India accounts for the largest share of the guar seed production and is the largest exporter of guar gum in the world. The country accounts for 80-85% of the global guar seed and gum production, followed by Pakistan. The future for guar is viewed to be optimistic, due to the large and continuous demand for guar, especially from North America, owing to the shale revolution and the investigation of new oil reserves in China. Asia and Europe are the major producers for xanthan gum, contributing about 80% of the product. The demand for xanthan gum is projected to increase owing to rising oil and gas production in China, along with the increasing demand for the product in the chemical and automobile industries. The demand for xanthan gum is expected to intensify due to the growth of the food and beverage industry in China, Malaysia, India, and Singapore in the forecast period.
Carrageenan has also witnessed increased production in recent years, with the Asia Pacific contributing to a significant portion of the production share. The industry is especially large in the Asia Pacific as compared to North America and Europe due to an increase in the demand from the fast and processed food sector, accelerating the industry in the Asia Pacific region. The Philippines is the largest producer of carrageenan, accounting for 77% of the world's supply of the hydrocolloid. In the Asia Pacific, China is the key exporter of carrageenan to the United States and Europe. The product is usually used in the confectionery industry in the United States for the suspension of chocolates.
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Market Segmentation
Hydrocolloid is defined as a colloid system that forms a gel when it comes in contact with water. It can be both reversible and irreversible (single state). For example, agar is a reversible hydrocolloid of seaweed extract and can exist in gel and solid-state, and change states through the use or avoidance of heat.
Based on products, the hydrocolloids market is segmented into:
- Corn Starch
- Guar Gum
- Carrageenan
- Xanthan Gum
- Other
Corn starch finds its applications in the sweeteners, HFCS, pharmaceutical, cosmetic, paper, feed, other food use, and hydrocolloid sectors. Fast hydrated gum, industrial grade, and food grade segments are the major application segments for guar gum. Carrageenan, on the other hand, finds its applications in dairy, water gels, non-food, and other food sectors. It can also be subdivided into the following types:
- Refined Carrageenan
- Food Grade Refined Carrageenan
- Non- Food Grade Refined Carrageenan
Xanthan gum finds wide applications in food and beverages, oil and gas, pharmaceuticals, and cosmetics industries, among others.
The report also covers the regional hydrocolloids markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The global hydrocolloids market is driven by the rising oil well drilling and strong pharma spending. The corn starch is the leading segment of the hydrocolloids market, aided by the huge demand from the food sector and the oil and gas industry. Xanthan gum and carrageenan are also witnessing a rising demand from the food and beverage sector due to the growing health consciousness among the consumers and the diverse functionality of hydrocolloids.
There is a considerable demand for guar gum due to its favourable properties, such as natural thickness and biodegradability, which is aiding the growth of the overall hydrocolloids market. The production of guar gum is expected to increase in the forecast period due to the expected rise in the guar production during the summer season. The guar gum industry is highly influenced by the oil and gas industry, owing to the usage of guar gum in the form of drilling aids to maintain viscosity and mitigate friction during oil well fracturing and stimulation process. Thus, the guar gum industry is growing at a steady pace due to the growth of the oil and gas industry.
Competitive Landscape
June 2017- Ingredion Incorporated (NYSE: INGR) reached an agreement to acquire the US-based company providing advanced texture systems, TIC Gums Incorporated, further expanding its speciality and texture portfolio.
The report gives a detailed analysis of the following key players in the global hydrocolloids market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Cargill, Incorporated
- Archer Daniels Midland Company
- Ingredion Incorporated
- Kerry Group plc
- Daicel Corporation
- Lotus Gums & Chemicals
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model, along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Hydrocolloids Market Analysis
8.1 Key Industry Highlights
8.2 Global Hydrocolloids Historical Market (2018-2023)
8.3 Global Hydrocolloids Market Forecast (2024-2032)
8.4 Global Hydrocolloids Market by Product
8.4.1 Corn Starch
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Application
8.4.1.3.1 Sweeteners
8.4.1.3.1.1 Historical Trend (2018-2023)
8.4.1.3.1.2 Forecast Trend (2024-2032)
8.4.1.3.2 HFCS
8.4.1.3.2.1 Historical Trend (2018-2023)
8.4.1.3.2.2 Forecast Trend (2024-2032)
8.4.1.3.3 Pharmaceutical
8.4.1.3.3.1 Historical Trend (2018-2023)
8.4.1.3.3.2 Forecast Trend (2024-2032)
8.4.1.3.4 Cosmetic
8.4.1.3.4.1 Historical Trend (2018-2023)
8.4.1.3.4.2 Forecast Trend (2024-2032)
8.4.1.3.5 Paper
8.4.1.3.5.1 Historical Trend (2018-2023)
8.4.1.3.5.2 Forecast Trend (2024-2032)
8.4.1.3.6 Feed
8.4.1.3.6.1 Historical Trend (2018-2023)
8.4.1.3.6.2 Forecast Trend (2024-2032)
8.4.1.3.7 Other Food Use
8.4.1.3.7.1 Historical Trend (2018-2023)
8.4.1.3.7.2 Forecast Trend (2024-2032)
8.4.2 Guar Gum
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Application
8.4.2.3.1 Fast Hydrated Gum
8.4.2.3.1.1 Historical Trend (2018-2023)
8.4.2.3.1.2 Forecast Trend (2024-2032)
8.4.2.3.2 Industrial Grade
8.4.2.3.2.1 Historical Trend (2018-2023)
8.4.2.3.2.2 Forecast Trend (2024-2032)
8.4.2.3.3 Food Grade
8.4.2.3.3.1 Historical Trend (2018-2023)
8.4.2.3.3.2 Forecast Trend (2024-2032)
8.4.3 Carrageenan
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.3.3 Breakup by Type
8.4.3.3.1 Refined Carrageenan
8.4.3.3.1.1 Historical Trend (2018-2023)
8.4.3.3.1.2 Forecast Trend (2024-2032)
8.4.3.3.2 Food Grade Refined Carrageenan
8.4.3.3.2.1 Historical Trend (2018-2023)
8.4.3.3.2.2 Forecast Trend (2024-2032)
8.4.3.3.3 Non- Food Grade Refined Carrageenan
8.4.3.3.3.1 Historical Trend (2018-2023)
8.4.3.3.3.2 Forecast Trend (2024-2032)
8.4.3.4 Breakup by Application
8.4.3.4.1 Dairy
8.4.3.4.1.1 Historical Trend (2018-2023)
8.4.3.4.1.2 Forecast Trend (2024-2032)
8.4.3.4.2 Water Gels
8.4.3.4.2.1 Historical Trend (2018-2023)
8.4.3.4.2.2 Forecast Trend (2024-2032)
8.4.3.4.3 Non- Food
8.4.3.4.3.1 Historical Trend (2018-2023)
8.4.3.5.3.2 Forecast Trend (2024-2032)
8.4.3.4.4 Other Food
8.4.3.4.4.1 Historical Trend (2018-2023)
8.4.3.4.4.2 Forecast Trend (2024-2032)
8.4.4 Xanthan Gum
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.4.3 Breakup by Application
8.4.4.3.1 Food and Beverages
8.4.4.3.1.1 Historical Trend (2018-2023)
8.4.4.3.1.2 Forecast Trend (2024-2032)
8.4.4.3.2 Oil and Gas
8.4.4.3.2.1 Historical Trend (2018-2023)
8.4.4.3.2.2 Forecast Trend (2024-2032)
8.4.4.3.3 Pharmaceuticals
8.4.4.3.3.1 Historical Trend (2018-2023)
8.4.4.3.3.2 Forecast Trend (2024-2032)
8.4.4.3.4 Cosmetics
8.4.4.3.4.1 Historical Trend (2018-2023)
8.4.4.3.4.2 Forecast Trend (2024-2032)
8.4.4.3.5 Others
8.5 Global Hydrocolloids Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Hydrocolloids Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Hydrocolloids Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Hydrocolloids Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Hydrocolloids Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Hydrocolloids Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 110812)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
17.1 Corn Starch Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Guar Gum Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Carrageenan Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Xanthan Gum Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Cargill, Incorporated
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Archer Daniels Midland Company
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Ingredion Incorporated
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Kerry Group plc
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Lotus Gums & Chemicals
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Daicel Corporation
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Hydrocolloids Market: Key Industry Highlights, 2018 and 2032
2. Global Hydrocolloids Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Hydrocolloids Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Hydrocolloids Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Global Hydrocolloids Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. North America Hydrocolloids Historical Market: Breakup by Country (USD Billion), 2018-2023
7. North America Hydrocolloids Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Europe Hydrocolloids Historical Market: Breakup by Country (USD Billion), 2018-2023
9. Europe Hydrocolloids Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Asia Pacific Hydrocolloids Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Asia Pacific Hydrocolloids Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Latin America Hydrocolloids Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Latin America Hydrocolloids Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Middle East and Africa Hydrocolloids Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Middle East and Africa Hydrocolloids Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Major Exporting Countries by Value
17. Major Importing Countries by Value
18. Major Exporting Countries by Volume
19. Major Importing Countries by Volume
20. Corn Starch Historical Price Trends and Forecast 2018-2028
21. Guar Gum Historical Price Trends and Forecast 2018-2028
22. Carrageenan Historical Price Trends and Forecast 2018-2028
23. Xanthan Gum Historical Price Trends and Forecast 2018-2028
24. Global Hydrocolloids Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of approximately USD 11.24 billion.
The market is projected to grow at a CAGR of 6.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 19.85 billion by 2032.
The major drivers of the market are increasing oil well drilling, strong pharma spending, and growing demand from the oil and gas industry.
The key trends guiding the growth of the market include the rising production of guar gum and increasing demand for hydrocolloids in the chemical and automotive sectors.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.
The major products of hydrocolloids in the market are corn starch, guar gum, carrageenan, and xanthan gum, with corn starch leading the market.
The major players in the global hydrocolloids market are Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Kerry Group plc, Lotus Gums & Chemicals, and Daicel Corporation, among others.
Analyst Review
The global hydrocolloids market attained a value of USD 11.24 billion in 2023, driven by the huge demand from the food sector and the oil and gas industry. Aided by the rising production of guar gum, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.5%. The market is projected to reach USD 19.85 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its products, the market can be segmented into corn starch, guar gum, carrageenan, and xanthan gum, with corn starch accounting for the largest market share. The major regional markets for hydrocolloids are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the hydrocolloids market include Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Kerry Group plc, Lotus Gums & Chemicals, and Daicel Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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