Global Xanthan Gum Research Market, By Form (Dry, Liquid), Function (Thickeners, Stabilizers, Fat Replacers, Coating Materials and Others), Applications (Food & Beverages, Pharmaceuticals, Nutraceuticals, Personal Care, and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The xanthan gum research market is expected to exhibit a market value of USD 0.45 billion by the year 2021. This means that the market would witness a CAGR of 3.30% for the forecast period of 2021-2028. The rise in the market value can be attributed to its growing utilization in the food & beverage industry as a thickening and stabilizer agent to prevent separation of ingredients, which is expected to drive the market growth.
Xanthan gum is a polysaccharide with numerous modern uses; it is well utilized as a typical food-added substance, a gelling agent in drug use, and an emulsifying substance in cosmetics. It is a successful thickening and stabilizer agent which keeps ingredients from separating once blended.
Xanthan gum is utilized to increase moisture maintenance limits and repress staling, bringing expanded shelf life of prepared items. Moreover, Consumers these days strongly incline toward gluten-free food items and as xanthan gum is an alternative to gluten, it makes this gum the unique ingredient and additionally, rising healthcare cost has led consumers to demand nutritional items which will encourage industry growth. According to European Union (EU), Annex II and III to Regulation (EC) No. 1333/2008 states that xanthan gum can be added to food items for infants under 12 weeks which can uplift the xanthan gum market.
However, the high cost associated with the gum can act as a restraint to the xanthan gum market. Also, the baked goods prepared with xanthan gum can have a sticky texture and a bland aftertaste that may not appeal to consumers. These challenges have diverted the baking industry's attention towards its substitute ingredient known as guar gum and chia seeds. The accessibility of guar gum and chia seeds as a substitute is one of the xanthan gum market limitations.
This xanthan gum research market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the xanthan gum research market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Xanthan gum research Market Scope and Market Size
The xanthan gum research market can be segmented into form, function and applications. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of form, the xanthan gum research market is segmented into dry and liquid.
- On the basis of function, the xanthan gum research market is segmented into thickeners, stabilizers, fat replacers, coating materials and others. Applications of the xanthan gum include its manufacturing of various consumer goods including cleaners and detergents, paper, textiles, fertilizers, paints and coatings. In addition, xanthan gum is also used in the manufacture of adhesives and sealants on account of its high viscosity properties.
- On the basis of applications, the xanthan gum research market is segmented into food & beverages, pharmaceuticals, nutracuticals, personal care and others. The food and beverages segment is further classified into bakery, confectionery, beverages, dairy, frozen desserts, sauces, dressings, dips, meat, poultry, seafood, and others.
Xanthan Gum Research Market Country Level Analysis
The xanthan gum research market is analyses and market size, volume information is provided by country, form, function and applications as referenced above.
The countries covered in the xanthan gum research market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K, France, Netherlands, Switzerland, Belgium, Russia, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, New Zealand, Vietnam, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Oman, Qatar, Kuwait, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North American region currently dominates the worldwide xanthan gum market because customers in this area are slanted towards keeping a sound way of life and embracing healthy habits; consequently, they are dodging the utilization of food items with fake substances and skincare items with chemicals which has helped makers to innovate eco-friendly products in those items, which leads to further driving the development of xanthan gum. Asia-Pacific xanthan gum research market is expected to develop at the most noteworthy CAGR in the xanthan gum market in the forecast period as the market holds a huge customer base in this locale and there is an immense interest in its natural food additives from the food and beverage companies in the region.
The country section of the xanthan gum research market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Xanthan Gum Research Market Share Analysis
The xanthan gum research market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to xanthan gum research market.
The major players covered in the xanthan gum research market report are Fufeng Group Ltd., Kelco U.S., Inc., Cargill, Incorporated., Solvay, DuPont, FMC Corporation Meihua Holdings Group Co., Ltd., Archer Daniels Midland Company, Ingredion Incorporated, The Zoranoc Oilfield Chemical, Deosen Biochemical Ltd, Hebei Xinhe Biochemical Co. Ltd, Jungbunzlauer Suisse AG, Fuerst Day Lawson, Vanderbilt Minerals, LLC., Keshav Hichem Private Limited, Advance Inorganics, Elim Chemicals, Indotec Chemicals & Polymers, CP Kelco U.S., Inc., Wego Chemical Group and Foodchem International Corporation among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.