Report Synopsis
Growth in the North American hydrocolloids market is anticipated to driven mainly by increasing demand from oil & gas sector, as well as food & beverages. Increasing oil drilling activities in the United States and Canada are forecast to drive the demand for hydrocolloids in North American region. On the other hand, South American market is mainly driven by increasing usage of hydrocolloids in the food & beverages sectors. Food additives are becoming a necessary part of food and beverages industry and natural clean label food additives such as hydrocolloids penetration is on the rise. The hydrocolloids industry is forecast to receive an impetus from this booming demand.

The United States dominates the region’s market for Hydrocolloids, estimated at US$2.3 billion in 2018, which is projected to reach US$3 billion by 2024 to reflect a 2018-2024 CAGR of 4.1%. North American market for Hydrocolloids is expected to reach 596 thousand MTs in 2019.

Research Findings & Coverage

  • The Americas (North America and South America) market for Hydrocolloids is analyzed in this report with respect to raw material source, product types and end-use applications
  • The study exclusively analyzes the market size for hydrocolloids raw material source by product type and end-use application for both North American and South American regions. The report also analyzes the market for hydrocolloids by raw material source, product type and application in all major countries in North America and South America
  • Demand for Hydrocolloids in Food & Beverages Being Driven by Clean Label and Non-GMO Trends
  • Gelatin’s Application in Food & Beverages being Hindered by Alternatives
  • Capsule Production with Plant-Derived HPMC Gaining Ground
  • Restrained Demand for Select Hydrocolloids Due to Tighter Raw Material Supply in the Offing
  • Key business trends focusing on product innovations/developments, M&As, JVs and other recent industry developments
  • Major companies profiled – 70
  • The industry guide includes the contact details for 92 companies

Product Outline
The following Hydrocolloid raw material sources are analyzed in this report:

  • Animal-derived (Gelatin)
  • Microbial-fermented
  • Plant-derived
  • Seaweed-derived
  • Cellulose-based

The report analyzes the following key product types of Hydrocolloids:

  • Gelatin
  • Xanthan Gum
  • Gellan Gum
  • Guar Gum
  • Gum Arabic
  • LBG
  • Tara Gum
  • Pectin
  • Agar-Agar
  • Alginates
  • Carrageenan
  • CMC
  • MC & HPMC
  • MCC

The study explores the following major applications of Hydrocolloids:

  • Animal Feed
  • Food & Beverages
  • Cosmetics & Personal Care
  • Pharma & Healthcare
  • Oil & Gas
  • Industrial/Technical

Analysis Period, Units and Growth Rates

  • The report reviews, analyzes and projects the Americas market for Hydrocolloids for the period 2015-2024 in terms of volume in Metric Tons and value in US$ and the compound annual growth rates (CAGRs) projected from 2018 through 2024

Geographic Coverage

  • North America (The United States, Canada, and Mexico)
  • South America (Brazil, Argentina, and Rest of South America)