About Xanthan Gum
Xanthan gum is often used as a food additive and considered as thickening means and stabilizer to avoid ingredients from separating. Multi-Functionality of Xanthan creating a new application in the pharmaceutical and personal care sector. Rising demand for gluten-free food products, rising trend for natural food additives and the emergence of e-commerce platform have been supplementing the growth of the market. Additionally, increasing the consumption of convenience foods from Asian countries such as India and China can further create new opportunities in the operating market. However, the presence of an alternative with a lower cost than xanthan gum is limiting the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.11% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Vendors having a strong hold in the market are Cargill, E. I. Du Pont De Nemours, Archer Daniels Midland Company, Solvay, Fufeng Group Company Ltd.. Analyst at AMA Research estimates that United States, North American and European Vendors will contribute the maximum growth to Global Xanthan Gum market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill (United States), E. I. du Pont de Nemours and Company (United States), Archer Daniels Midland Company (United States), Ingredion Incorporated (United States), Solvay (Belgium), Fufeng Group Company Ltd (China), CP Kelco (United States), Jungbunzlauer Suisse AG (Switzerland), Deosen Biochemical Ltd. (China) and Fuerst Day Lawson (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Hebei Xinhe Biochemical Co., Ltd. (China), FMC Corporation (United States) and MeiHua Holdings Group Co (China).
Segmentation Overview
AMA Research has segmented the market of Global Xanthan Gum market by , Application (Food & Beverages (Bakery Products, Confectionery Products, Sauces & Dressings, Meat & Poultry Products, Beverages, Dairy Products, Others), Oil & Gas, Pharmaceutical, Personal Care and Others) and Region.
On the basis of geography, the market of Xanthan Gum has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Dry Form will boost the Xanthan Gum market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Function , the sub-segment i.e. Thickeners will boost the Xanthan Gum market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Food Grade will boost the Xanthan Gum market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Trend for Natural Food Additives and an Emergence of E-Commerce Platform
Market Growth Drivers:
High Demand due to Multi-Functionality of Xanthan Gum that further Increases Many Application Areas and Growing Demand for Xanthan Gum as Increasing Demand for Gluten-Free Food Products
Challenges:
The High Cost of Xanthan Gum and Presence of Cheaper Alternative
Restraints:
Presence of Alternative such as Guar Gum for Xanthan Gum and Strict Government Policies such as Anti-Dumping Policies for Xanthan Gum
Opportunities:
Increasing Consumption of Convenience Foods from Asian Countries and Increasing Demand due to Rapidly Growing Oil & Gas Industry from Emerging Economies
Market Leaders and their expansionary development strategies
In November 2023, Mitsubishi Corporation Life Sciences Limited expanded its food ingredient product capacity at the Saiki Factory of its subsidiary Kohjin Life Sciences Ltd. The company expanded the production capacity for its main products by approximately 1,000 metric tons annually. Source: https://www.mordorintelligence.com/industry-reports/xanthan-gum-market
In November 2021, CP Kelco, a global leader of nature-based ingredients, launched of KELCOGEL® DFA Gellan Gum, a single-ingredient, dual-function solution for formulating plant-based, dairy alternative beverages. Most dairy alternative beverage brands fortify their product with extra protein, calcium and vitamins, requiring help to ensure the micronutrients stay evenly suspended. In addition, these beverages often include locust bean gum as an additional texturizing ingredient to provide the viscosity and mouthfeel that consumers expect.
Key Target Audience
Manufacturers/Suppliers, Food & Beverage Manufacturers & Processors, Pharmaceutical Manufacturers & Processors, Feed Manufacturers, Chemical Industries, Research & Development Laboratories, Regulatory Bodies, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.