Hydrocolloids Market Description
The global supply of hydrocolloid products has been continuously growing at a CAGR of 5.8 percent over a period of five years. APAC and the U.S. are the primary consumers and producers of hydrocolloids. Cornstarch leads the global market for hydrocolloids and is followed by guar gum due to the steep demand from the oil & gas industry and the food sector. Approximately 90 percent of the total guar seeds produced are used in the production of guar gum, and the rest is used as cattle feed. Xanthan gum and carrageenan also have increased demand in the food and beverage industry, mainly due to an increasing health consciousness among consumers.
India is a major exporter of guar gum, and its chief export destinations include the U.S., Norway, China, Russia, and Germany. Of these, the U.S. alone accounts for more than 70 percent of the guar exports. The report further discusses the market analysis of hydrocolloids in India and the U.S., along with a detailed industry analysis of hydrocolloid manufacturers at a global level. This includes Porter’s five forces analysis, and cost & price analysis. The report also provides an exhaustive review of significant suppliers, such as Hindustan Gum & Chemical Ltd., Vikas WSP, Lotus Gums & Chemicals, Altrafine Gums, etc.
Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.