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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.
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 -
Other prominent vendors in the hydrocolloid market include Altrafine Gums, Ashland, Ingredion, and Kerry Group.
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.
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.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Market segmentation by application
PART 08: Market segmentation by source
PART 09: Market segmentation by function
PART 10: Geographical segmentation
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Appendix
PART 18: Explore Technavio
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