Hydrocolloids Market Size, Share & Trends Analysis Report By Product (Gelatin, Xanthan Gum, Carrageenan, Alginates, Pectin, Guar Gum, Carboxy Methyl Cellulose), By Function, By Application, By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the hydrocolloids market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for hydrocolloids market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of hydrocolloids market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Hydrocolloids Market Categorization:

The hydrocolloids market was categorized into four segments, namely product (Gelatin, Xanthan Gum, Carrageenan, Alginates, Pectin, Guar Gum, Gum Arabic, Carboxy Methyl Cellulose, Agar, Locust Bean Gum), function (Thickening, Gelling, Stabilizing), application (Food & Beverage, Pharmaceutical, Personal Care & Cosmetics), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The hydrocolloids market was segmented into product, function, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The hydrocolloids market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into ten countries, namely, the U.S.; Canada; Mexico; Germany; UK.; France; China; India; Japan; Brazil

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Hydrocolloids market companies & financials:

The hydrocolloids market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• CP Kelco U.S. Inc. CP Kelco U.S., Inc. is engaged in producing and distributing hydrocolloids. The company operates as a subsidiary of CP Kelco ApS. It provides xanthan gum, pectin, Carboxymethyl cellulose, gellan gum, diutan gum, and refined locust bean gum for food & beverage, household products, papermaking, personal care, clinical nutrition, oilfield drilling, and industrial applications 

• DSM DSM is a global science-based company active in nutrition, health, and materials. In 1902, DSM was established. The company caters its products to numerous industries such as animal nutrition & health, food & beverage, energy, medical, paints & coatings, life protection, personal care, and sports & leisure. It operates through three clusters, namely nutrition, materials, and innovation center. The company's nutrition cluster is responsible for producing and marketing hydrocolloids used for various applications.

• Ingredion Incorporated Ingredion, Incorporated provides ingredient solutions for food & beverage, paper, and pharmaceutical industries. The company was established in 1906. It changed its name to Ingredion, Incorporated in June 2012 from its previous name, “Corn Products International, Inc.”. The company is a prominent manufacturer and supplier of sweeteners such as dextrose, glucose syrup, polyols, nutrition ingredients and biomaterials, and offers starches, gums, emulsifiers and hydrocolloids.

• Ashland Inc. Ashland manufactures and distributes specialty chemicals to several end-use industries, including architectural coating adhesives, automotive, construction, food & beverage, pulp & paper, energy, pharmaceutical, and personal care. It operates through three business segments: specialty ingredients, composites, and intermediates & solvents. The specialty ingredients segment includes cellulose ethers, vinyl pyrrolidones, and biofunctionals. The company's specialty ingredient unit is the major producer of hydrocolloids, enhancing texture and providing food products stability. It caters its products to various industries including food & beverage, agriculture, paints & coating, personal care, construction, packaging printing & graphics, energy and pharmaceuticals.

• Kerry Group Kerry Inc. is primarily engaged in the manufacture and distribution of technology-driven food ingredient solutions. The company offers a wide range of products through its two segments, namely consumer food and taste & nutrition. The consumer food segment mainly produces and distributes chilled food products to the UK and Ireland. This segment offers savory, dairy, and meat products. Taste & nutrition segment includes functional ingredients and actives. Hydrocolloidbased products are predominantly supplied to dairy, brewing, and meat producing sectors. The company operates through 147 manufacturing units in more than 32 countries globally. In addition, the company has registered over 577 patents globally.

• Fuerst Day Lawson FDL Ltd manufactures and supplies specialist ingredients to food, beverage, fragrance, and chemical industries. The company was established in 1884 and headquartered in London, UK. It’s product portfolio includes flavors & colors, aroma chemicals, sweeteners & sugars, beverage syrup, seeds & grains, amino acids, preservatives & acidulates, dessert enhancement, and energy & fortification. Hydrocolloid products such as guar gum, locust bean gum, carrageenan, and xanthan gum are used as stabilizers and emulsifiers in ice cream, bakery, and dairy products.

• Palsgaard Palsgaard is engaged in the production and distribution of emulsifiers and stabilizers. It operates as a subsidiary of Palsgaard Gods A/S. Its product portfolio includes emulsifiers and stabilizers, for several end use applications in the food & beverage sector including, bakery, confectionery, dairy, ice cream, margarine, and soy products. The company offers anti-static and anti-fogging agents for polymer applications. The company operates through facilities in Denmark, Singapore, Mexico, China, the U.S., and Russia along with an independent research Centre called Nexus. The company provides quality assurance through various certifications such as FSSC 22000 (Denmark, Malaysia, Netherlands, Mexico), FDA Registration (Denmark, Malaysia, Netherlands), ISO 9001 (Malaysia, Netherlands, Mexico), and RSPO Certification.

• Glanbia Nutritionals Glanbia Nutritionals is engaged in the manufacture and supply of functional and nutritional ingredient solutions. It operates as a subsidiary of Glanbia plc. The company’s portfolio offers a wide range of products that find application in cosmetics, food & beverage, and animal nutrition. Its product portfolio includes milk proteins, whey peptides, whey protein, flaxseeds, amino acid, functional ingredient systems, and dairy minerals & lactose. The company operates in Europe, Africa, Asia Pacific, Latin America, North America, and the Middle East. The company operates through its manufacturing facilities, offices, and innovation centers in 34 countries and delivers the product to customers in over 130 countries worldwide.

• Darling Ingredients, Inc. The company was incorporated in 1882 and its main office is located in Texas, U.S. Darling Ingredients Inc. provides sustainable food, feed and fuel ingredients. The company was previously known as Darling International, Inc. and later changed its name to Darling Ingredients, Inc. in May 2014. The company caters its products to pharmaceutical, food, pet food, feed, fuel, bioenergy, fertilizer, and foodservice industries. It supplies environmental services, including trap collection and disposal services. It has an operational presence in Europe, Australia, South America, North America and Asia. The company provides hydrocolloid products through its subsidiary, Rousselot, used in food & beverages and dairy application.

• Cargill, Incorporated The company was established in 1865 and headquartered in United States. It employs over 160,000 people across the globe. Cargill, Incorporated offers products in several business divisions including animal nutrition, food & beverage, bio-industrial, food services, agriculture, risk management, meat & poultry, industrial, beauty, pharmaceutical, and transportation. The company's product portfolio includes cotton, grain & oilseed, cocoa & chocolate, dressing, sauces & oils, and salt. The company offers various hydrocolloid products such as carrageenan, pectin and biopolymers such as xanthan gum. These are used in food, cosmetic and pharmaceutical industries. It provides industrial starch for corrugating, paper making, adhesive, bio & chemical, and oil & drilling applications. The company is in Africa, Europe, the Middle East, North America, Latin America, and Asia Pacific. It manufactures and markets its products through offices located across China, Thailand, Asia, Japan, Korea, Belgium, Austria, Portugal, Romania, Peru, Canada, Mexico, and the U.S.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Hydrocolloids Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 - 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Hydrocolloids Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.