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The global hydrocolloids market reached a value of almost USD 9.3 billion in 2020. The hydrocolloids industry is further expected to grow at a CAGR of 6.5% between 2021 and 2026 to reach a value of nearly USD 13.6 billion by 2026.
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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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 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:
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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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.
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:
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.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Hydrocolloids Market Analysis
6.1 Figure: Global Hydrocolloids Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Chart: Global Hydrocolloids Market Breakup by Product
6.2.1 Corn Starch
6.2.2 Guar Gum
6.2.4 Xanthan Gum
6.3 Figure: Global Hydrocolloids Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 North America
188.8.131.52 United State of America
184.108.40.206 United Kingdom
6.3.3 Asia Pacific
6.3.4 Latin America
6.3.5 Middle East and Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
6.4 Global Corn Starch Market Analysis
6.4.1 Figure: Global Corn Starch Historical Market (2016-2020) & Forecast (2021-2026)
6.4.2 Chart: Global Corn Starch Market Breakup by Application
126.96.36.199 Other Food Use
6.4.3 Chart: Global Corn Starch Market Breakup by Region
188.8.131.52 North America
184.108.40.206 Asia Pacific
220.127.116.11 Latin America
18.104.22.168 Middle East and Africa
6.5 Global Guar Gum Market Analysis
6.5.1 Figure: Global Guar Gum Historical Market (2016-2020) & Forecast (2021-2026)
6.5.2 Chart: Global Guar Gum Market Breakup by Application
22.214.171.124 Fast Hydrated Gum
126.96.36.199 Industrial Grade
188.8.131.52 Food Grade
6.5.3 Chart: Global Guar Gum Market Breakup by Region
184.108.40.206 North America
220.127.116.11 Asia Pacific
18.104.22.168 Latin America
22.214.171.124 Middle East and Africa
6.6 Global Carrageenan Market Analysis
6.6.1 Figure: Global Carrageenan Historical Market (2016-2020) & Forecast (2021-2026)
6.6.2 Chart: Global Carrageenan Market Breakup by Type
126.96.36.199 Refined Carrageenan
188.8.131.52 Food Grade Refined Carrageenan
184.108.40.206 Non- Food Grade Refined Carrageenan
6.6.3 Chart: Global Carrageenan Market Breakup by Application
220.127.116.11 Water Gels
18.104.22.168 Other Food
6.6.4 Chart: Global Carrageenan Market Breakup by Region
22.214.171.124 North America
126.96.36.199 Asia Pacific
188.8.131.52 Latin America
184.108.40.206 Middle East and Africa
6.7 Global Xanthan Gum Market Analysis
6.7.1 Figure: Global Xanthan Gum Historical Market (2016-2020) & Forecast (2021-2026)
6.7.2 Chart: Global Xanthan Gum Market Breakup by Application
220.127.116.11 Food and beverages
18.104.22.168 Oil and gas
6.7.3 Chart: Global Xanthan Gum Market Breakup by Region
22.214.171.124 North America
126.96.36.199 Asia Pacific
188.8.131.52 Latin America
184.108.40.206 Middle East and Africa
7 Global Hydrocolloids Price Analysis
7.1 Corn Starch Historical Price Trends (2016-2020) and Forecast (2021-2026)
7.2 Gaur Gum Historical Price Trends (2016-2020) and Forecast (2021-2026)
7.3 Carrageenan Historical Price Trends (2016-2020) and Forecast (2021-2026)
7.4 Xanthan Gum Historical Price Trends (2016-2020) and Forecast (2021-2026)
8 Global Trade Data Analysis
8.1 Major Exporting Countries: By Value and Volume
8.2 Major Importing Countries: By Value and Volume
9 SWOT Analysis
10 Porter’s Five Forces Analysis
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
11 Value Chain Analysis
12 EMR’s Key indicators for Demand
13 EMR’s Key Indicator for Price
14 Cost Analysis
14.1 Raw material
15 Competitive Landscape & Supplier Analysis
15.1 Cargill Inc.
15.1.1 Company Overview
15.1.2 Financial Analysis
15.2 Archer Daniels Midland Company
15.2.1 Company Overview
15.2.2 Financial Analysis
15.3 Ingredion Incorporated
15.3.1 Company Overview
15.3.2 Financial Analysis
15.4 Kerry Group
15.4.1 Company Overview
15.4.2 Financial Analysis
15.5 BASF SE
15.5.1 Company Overview
15.5.2 Financial Analysis
15.6 Koninklijke DSM N.V.
15.6.1 Company Overview
15.6.2 Financial Analysis
15.7 Daicel Corporation
15.7.1 Company Overview
15.7.2 Financial Analysis
15.8 Lotus Gums & Chemicals
15.8.1 Company Overview
15.8.2 Financial Analysis
15.9 Aquarev Industries
15.9.1 Company Overview
15.9.2 Financial Analysis
16 Industry Events and Developments
Additional Customisations Available:
17 Manufacturing Process
17.1 Detailed Process Flow
17.2 Operations Involved
17.3 Mass Balance
18 Production Cost Analysis
18.1 Land, Location and Site Development
18.3 Plant Machinery
18.4 Cost of Raw Material
18.9 Other Capital Investment
In 2020, the global hydrocolloids market attained a value of nearly USD 9.3 billion.
The market is projected to grow at a CAGR of 6.5% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 13.6 billion by 2026.
The major drivers of the market, such as the rising oil well drilling, strong pharma spending, huge demand from the food sector and the oil and gas industry, are expected to aid the market growth.
The key market trend guiding the growth of the market includes the rising production of guar gum during the summer season.
The major regions in the industry 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 industry are corn starch, guar gum, carrageenan, and xanthan gum, with corn starch leading the market.
The major players in the industry are Cargill Inc., Archer Daniels Midland Company, Ingredion Incorporated, Kerry Group, BASF SE, Koninklijke DSM N.V., Daicel Corporation, Lotus Gums & Chemicals, and Aquarev Industries, among others.
The global hydrocolloids market attained a value of USD 9.3 billion in 2020, 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 2021-2026, growing at a CAGR of 6.5%. The market is projected to reach USD 13.6 billion by 2026.
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 Inc., Archer Daniels Midland Company, Ingredion Incorporated, Kerry Group, BASF SE, Koninklijke DSM N.V., Daicel Corporation, Lotus Gums & Chemicals, Aquarev Industries, and 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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