Hydrocolloid Market to Hit Nearly $8.2 billion in 2020, Claims Report

04 Mar 2016 --- The hydrocolloid market is to reach nearly $8.2 million in 2020, according to a new report. The BCC research reports provides an up-to-date analysis of recent developments and current trends in the hydrocolloid market.

The global hydrocolloid market should reach nearly $8.2 billion in 2010 from $6.6 billion in 2015, a growth of 4.4 percent.

The gelatin market should reach over $2.2 billion in 2020 from over $1.7 billion in 2015, growth of 5.2 percent.

The guar gum market should reach $1.3 billion in 2020 from nearly $1.1 billion in 2015, growth of 5.3 percent.

The global hydrocolloid market has been increasing at a growth averaging over three percent in the past, due to increasing demand.

To assess the market, hydrocolloids (except starch) are divided into give 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 such as guar gum and locust bean gum.

Seaweed hydrocolloids originate from seaweeds, primarily brown and red seaweeds.

Microbial hydrocolloids originate from microorganisms. The major types of microbial hydrocolloids include xanthan gums, which accounts for over 90 percent of the overall microbial hydrocolloid market.

Animal hydrocolloids originate from the bones and skins of animal such as swine and cattle.

Synthetic hydrocolloids include sodium alginate and derivatives of several other types of hydrocolloids.