USD 0.55 billion
Xanthan Gum Market Size, Share, Growth Analysis, By Type(Synthetic, and Natural.), By Source(Dry and Liquid), By Function(Thickener, Stabilizer, Suspending, Fat Replacer), By Application(Food & Beverage (Bakery & Confectionery, Meat industry, Sauces & Dressings, Beverages)), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2170 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
120
|Figures:
77
Xanthan Gum Market Insights
Xanthan Gum Market size was valued at USD 0.55 billion in 2019 and is poised to grow from USD 0.57 billion in 2023 to USD 0.82 billion by 2031, growing at a CAGR of 4.73% in the forecast period (2024-2031).
Xanthan gum is frequently utilised as a stabiliser and thickening agent in products including ice cream, toothpaste, and gluten-free goods. Other applications for xanthan gum include the thickening of drilling fluid in the oil industry, the preparation of water gels in cosmetics, and the production of diabetes medications. The FDA and ESFA have given Xanthan gum its approval for use in foods and beverages despite the fact that it has no known negative effects on human health.
The use of xanthan gum extends the shelf life of prepared goods by raising moisture maintenance thresholds and suppressing staling. Consumers today have a significant preference for gluten-free foods, and since xanthan gum is a gluten substitute, it makes this gum a unique component. Additionally, the rising expense of healthcare has prompted consumers to demand nutritional products, which will support Xanthan Gum Market growth. The addition of xanthan gum to foods for infants younger than 12 weeks old is permitted by Regulation (EC) No. 1333/2008's Annex II and III, according to the European Union (EU), which could boost the xanthan gum market growth.
US Xanthan Gum Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Synthetic
Fastest Growth
Synthetic
Growth Rate
4.73% CAGR
Global Xanthan Gum Market ($ Bn)
Country Share for North America Region (%)
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Xanthan Gum Market Segmental Analysis
Global Xanthan Gum Market is segmented based on the Type, Source, Function, Application, and region. Based on Type, global Xanthan Gum Market is segmented into Synthetic and Natural. Based on the Source, Xanthan Gum Market is segmented into Dry and Liquid. Based on the Function, Xanthan Gum Market is segmented into into Thickener, Stabilizer, Suspending, Fat Replacer, Coating Material. Based on the Application, Xanthan Gum Market is segmented into Food & Beverage (Bakery & Confectionery, Meat industry, Sauces & Dressings, Beverages), Pharmaceuticals, Personal Care, and Oil & gas. Based on region, Xanthan Gum Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Xanthan Gum Market Analysis by Application
By application, the food and beverage industry accounted for the largest global xanthan gum market share. One of the primary factors propelling the demand for xanthan gum in the food and beverage industry is the widespread use of the ingredient in gluten-free bakery goods like cakes, pancakes, cookies, salad dressings, quick breads, and muffins. During the forecast period, the oil and gas industry is anticipated to grow the fastest. One of the most effective, superior-quality, and environmentally friendly oil drilling fluids used in the oil and gas sector is xanthan gum. It is resistant to salts, acids, alkalis, and high temperatures (up to 94°C). It can greatly increase the mud's permeability. Xanthan gum has the capacity to suspend solid materials, lessen drilling pressure loss, stabilize the well wall, lessen harm to the reservoir, and greatly enhance drilling, workover, and completion efficiency.
Global Xanthan Gum Market By Type
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Xanthan Gum Market Regional Insights
North America held the largest global xanthan gum market share. The expanding oil & gas industry along with the rising demand for petroleum in the United States since the 1850s are the primary reasons, according to the International Energy Agency, for North America's growing dominance in the xanthan gum market. Additionally, the United States is one of the largest consumers of oil and gas worldwide and held the largest xanthan gum market share in North America. Additionally, the xanthan gum market in North America is expanding due to growing knowledge of the health benefits of this substance.
Due to its expanded use of the food and beverage industry, particularly the bakery sectors, the Asia Pacific region accounts for the highest share. Additionally, the market growth is boosted by urbanisation, a rising standard of life, retail shop expansion, the availability of disposable cash, and supportive economic conditions. The market is also being fuelled by expanded exploration and investment initiatives launched by the government throughout the region.
Global Xanthan Gum Market By Region
- Largest
- Fastest
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Xanthan Gum Market Dynamics
Xanthan Gum Market Drivers
Increasing demand for food and beverages
- The food and beverage industry uses xanthan, a non-hazardous ingredient with a wide range of nutritional properties and a high carbohydrate and fibre content, extensively. The world market for xanthan gum is expanding as a result of rising consumer demand for food and beverages. Other factors driving the expansion of the global xanthan gum market include growing preference for convenience foods and the versatility of xanthan gum.
Rise in demand for gluten products
- Gluten-free food has become immensely popular among celiac disease patients. It has been demonstrated that a gluten-restricted diet is an effective treatment for gluten-related diseases such celiac disease, non-celiac gluten sensitivity, and wheat allergy. In recent years, demand for gluten-free products has increased.
Xanthan Gum Market Restraints
High cost of xanthan gum
- High cost of xanthan gum along with the availability of replacement products like guar gum pose as significant barriers to the expansion of the global xanthan gum market. Natural gum made from guar seeds is called guar gum. Due to its fundamental properties as a thickener, stabiliser, gelling agent, and emulsifier, guar gum is extensively utilised in the oil and gas well drilling, food and beverage, pharmaceutical, textile, and pet food sectors. Guar gum is utilised as a replacement all around the world since it shares many traits with xanthan gum.
Availability of guar alternative product
- One of the biggest barriers to the market is the accessibility of guar gum as a substitute. Guar gum is derived from a seed that is native to tropical Asia, unlike xanthan gum, which is produced by the bacterium Xanthomonas Campestris. The main distinction between the two components is the variation in quantity for diverse food items. Smaller amounts of xanthan gum than guar gum can be employed.
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Xanthan Gum Market Competitive Landscape
Globa xanthan gum market is consolidated globally, with a few major vendors controlling most of the market share. Key players are adopting strategies including mergers and acquisitions as well as product portfolio expansion. Leading companies in the global market include Cargill, Inc., Archer Daniels Midland Company, Fufeng Group Company Limited, DuPont, Solvay S.A., MeiHua Holdings Group Co., Ltd., Jungbunzlauer Suisse AG, CP Kelco, Hebei Xinhe Biochemical Co., Ltd., Deosen, Zoranoc Oilfield Chemical, Jianlong Biotechnology Co., Ltd., and FMC.
Xanthan Gum Market Top Player's Company Profiles
- Cargill, Incorporated
- Solvay S.A.
- Fufeng Group Ltd.,
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CP Kelco
-
Archer Daniels Midland Company
-
DuPont de Nemours, Inc.
-
Ingredion Incorporated
-
Deosen Biochemical Ltd.
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Jungbunzlauer Suisse AG
-
ADM Corn Processing
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MeiHua Holdings Group Co. Ltd.
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Pfizer, Inc.
-
The Aurora Chemical
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Unionchem
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The Zoranoc Oilfield Chemical
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Hebei Xinhe Biochemical Co. Ltd.
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Shandong Polymers Bio-chemicals Co. Ltd.
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DuPont Nutrition & Biosciences
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Parchem Fine & Specialty Chemicals
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FMC Corporation.
Xanthan Gum Key Market Trends
- The protein gluten, which gives wheat flour its structure, can be replaced with xanthan gum, a common food additive. To create gluten-free items with appropriate structure and texture, it is typically used in conjunction with non-gluten flour. Due to the FDA and USDA regulations limiting the amount of gluten allowed in food items, as well as the increased knowledge of the health problems associated with gluten consumption, such as celiac disease, this need has arisen. The Mayo Clinic conducted a study, and the results revealed that the gluten-free diet was chosen by the three categories of respondents. The first group comprises of those who have been officially diagnosed with celiac disease, the second group includes those who have not yet received a diagnosis, and the third group includes those who are avoiding gluten but do not have the condition. For reasons of weight loss and other health advantages, many people avoid gluten.
Xanthan Gum Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global xanthan gum market analysis, global market is being driven by an increase in the use of xanthan gum as an egg substitute in the food and beverage sector. Due to its resistance to thermal degradation and favourable compatibility with salts, xanthan gum is frequently employed as a binder and thickening. It is a healthy, secure, and effective replacement for gluten. Both vegan and gluten-free, xanthan gum. As a result, xanthan gum is in high demand all around the world. The widespread use of xanthan gum is a result of its unique physicochemical characteristics. Some manufacturers are attempting to produce gum from byproducts of the food and agricultural industries due to the high cost of manufacturing it from synthetic materials.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 0.55 billion |
| Market size value in 2031 | USD 0.82 billion |
| Growth Rate | 4.73% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Xanthan Gum Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Xanthan Gum Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Xanthan Gum Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Xanthan Gum Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Xanthan Gum Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Xanthan Gum Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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