This research report titled ‘Global Hydrocolloid Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. To calculate the market size, the revenue generated through sales of hydrocolloids to end-users such as the food and beverage industry, the oil drilling industry, the pharmaceutical industry, the cosmetics industry, the textile industry and others have been taken into consideration, using 2015 as the base year.
Convenience food or processed food is commercially prepared food that requires minimum or no further preparation to be consumed. This category includes packaged food or meals, canned food, frozen food, preserved food, and instant products. This category of food is called convenience food because it is easy to consume, portion-packed, time saving, has convenient packaging, and is freeze or thaw stable. With technological advancement in the packaging industry, the range of convenience has also expanded from frozen, chilled, shelf-stable, portion-ability, microwave-ability, prepared-mixes and others.
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Technavio’s chemicals and materials analysts categorize the global hydrocolloid market into five major segments by application. They are:
- Food and beverage
- Oil and drilling
- Cosmetics and textiles
In 2015, the global hydrocolloid market was dominated by the food and beverage industry with 58.18% share, followed by the pharmaceutical and oil drilling industries with shares of 14.55% and 8.37%, respectively.
The top three application segments for the global hydrocolloid market are:
Global hydrocolloid market in food and beverage industry
The biggest application area for hydrocolloids is the food and beverage industry, where these are mainly used in bakery products, confectionery products, dairy products, convenience food, processed food, meat, poultry, and several other products as thickening, gelling, film forming or coating, fat-replacing, and stabilizing agents.
According to Ajay Adikhari, a lead bio-chemicals and bio-materials analyst from Technavio, “In dairy and frozen products, hydrocolloids are used in cheese, yogurt, and ice creams for thickening and improving mouthfeel. In bakery and confectionery products, hydrocolloids are widely used for improving food texture, moisture retention, and fat replacement.”
Hydrocolloids are used as thickening agents in salad dressings, sauces, and toppings, soups and gravies, whereas in jams, jellies, and restructured foods, these are used as gelling agents. The food and beverage industry is increasing in both value and volume with the growth in the population.
Global hydrocolloid market in pharmaceuticals
In the pharmaceutical industry, several hydrocolloids are used as drugs, dry tablet binders, disintegrants, to make capsules, and in bandages. These are also used to reduce sugar and cholesterol levels. The most widely used hydrocolloids in the pharmaceutical industry are CMC, pectin, alginates, xanthan gums, and gelatin.
“The major applications of hydrocolloids in this industry are liquid dose formulation, solid dose formulation, wound dressing, and ostomy care products. In these applications, hydrocolloids are used as thickening agents, coating agents, binding agents, gelling agents, and suspending agents,” adds Ajay.
Global hydrocolloid market in oil drilling industry
The most commonly used hydrocolloids in the oil drilling industry are guar gum, xanthan gum, CMC, and LBG. The use of guar gum is more prevalent in this industry than any other hydrocolloid. It is widely used as a thickening agent in drilling activities. It is used to thicken water when mixed with sand and pumped through shale rock cracks to extract gas. Increase in shale exploration and fracking activities are primarily driving this market.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Archer Daniels Midland
- J.M. Huber
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