NEW YORK, March 3, 2016 /PRNewswire/ -- This BCC Research report provides an up-to-date analysis of recent developments and current trends in the global hydrocolloid market. Projected impact of both internal and external forces that are affecting the industry today and that will over the next several years is included. Forecast provided through 2020.
Use this report to:
Analyze recent developments and current trends in the global hydrocolloid market l Identify significant drivers of revenue growth in specific hydrocolloid categories
Quantify the projected impact of both internal and external forces that are affecting the global hydrocolloid industry today
Examine major market drivers for the global hydrocolloid industry and the current trends within the industry
The global hydrocolloid market should reach nearly $8.2 billion in 2020 from $6.6 billion in 2015, a compound annual growth rate (CAGR) of 4.4%.
The gelatin market should reach over $2.2 billion in 2020 from over $1.7 billion in 2015, a CAGR of 5.2%.
The guar gum market should reach $1.3 billion in 2020 from nearly $1.1 billion in 2015, a CAGR of 5.3%.
The global hydrocolloid market has been increasing at a growth rate averaging over 3% in the recent past, due to increasing demand from end-user industries. To assess the market, hydrocolloids (except starch) are broadly divided into five major sources: plant, seaweed, microbial, animal, and synthetic hydrocolloids.
Plant hydrocolloids originate from plants. The major types of plant hydrocolloids in the market include cellulose and its derivatives, pectins, gum arabic, guar gum, and locust bean gum.
Seaweed hydrocolloids originate from seaweeds, primarily brown and red seaweeds. The major types of seaweed hydrocolloids include cellulose alginates, carrageenan, and agar.
Microbial hydrocolloids originate from microorganisms. The major types of microbial hydrocolloids include xanthan gum, which accounts for over 90% of the overall microbial hydrocolloid market. Other types of microbial hydrocolloids include pullulan and gellan gum.
Animal hydrocolloids originate from the bones and skins of animals such as swine and cattle. The major types of animal hydrocolloids include gelatin, which accounts for approximately 99% of the overall animal hydrocolloid market. Other animal hydrocolloids include chitin and chitosan. Synthetic hydrocolloids, also known as chemically modified hydrocolloids, include sodium alginate and derivatives of several other types of hydrocolloids. Global food and beverage industry growth; increasing reliance on convenience food around the world; and increasing applications and demand in nonfood industries such as pharmaceutical, oil drilling, and cosmetics are the major growth drivers for the global hydrocolloid market.
SCOPE OF REPORT
The scope of this report is broad and covers several types of hydrocolloids used globally (except starch); it is broken down into five major sources and further into their subtypes, functional properties, end-user industries, and regional markets in each of the submarkets. The revenue forecasts from 2015 to 2020 are explained for each of these major types of hydrocolloids, as well as the functional properties, end-user industries, and regional markets for each type of hydrocolloid.
The report also includes a discussion of major players within each of the subsegments. It explains the major market drivers for the global hydrocolloid industry, the current trends within the industry, and the major end-user industries for the global hydrocolloid market.
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