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Asia Pacific Xanthan Gum Market

2021

Asia Pacific Xanthan Gum Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Form (Dry and Liquid) and Application (Food and Beverages, Oil and Gas, Pharmaceuticals and Nutraceuticals, Personal Care, and Others)

Publication Month: Oct 2021 | Report Code: TIPRE00025262 | No. of Pages: 106 | Category: Food and Beverages | Status: Published

Market Insights

Asia Pacific Xanthan Gum Market Market to Grow at a CAGR of 5.0% to reach US$ 458.48 million from 2021 to 2028

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The xanthan gum market in Asia Pacific is expected to grow from US$ 325.07 million in 2021 to US$ 458.48 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.


Xanthan gum is commonly utilized in oil recovery and oil drilling applications for many reasons, including reducing water mobility and improving stability against salt, temperature, and shear. In addition, xanthan gum is commonly used as a thickening agent in drilling mud to increase viscosity. It helps to improve oil flow by swelling and forming a gel-like consistency, making it easier for oil to flow and reducing prices. Xanthan gum market mud additive is very effective and environmentally friendly, with a high tolerance for harsh drilling conditions such as temperature fluctuations, acidity, and alkalinity, which is further boosting its demand in the oil & gas industry. Further, the increasing demand for sustainable solutions in the oil and gas industry, as well as increased measures to improve brand image, are expected to drive the demand for xanthan gum. Xanthan gum is frequently utilized in upstream oil & gas activities since it facilitates the refining of raw crude oil. Furthermore, because of its high resonance with water and synthetic chemicals, and non-toxic nature, it is an effective alternative to corrosive and poisonous solutions, which is expected to increase the market share. Additionally, the rising oil & gas drilling activities in India and China are expected to boost the demand for xanthan gum in the coming years. Thus, the growing demand for xanthan gum for the oil & gas drilling industry is creating new opportunities for the manufacturers in the market.

The outbreak of COVID-19 is wreaking havoc on the economic growth of Asia Pacific. The severity of the consequences and impact is entirely dependent on the transmission of the novel coronavirus. Various governments in Asia Pacific are considering taking actions to limit the spread by imposing lockdowns, which is slowing down the operations of various industries in the region. This factor is anticipated to severely impact the growth of regional market. However, with increasing recovery rates, governments are easing out restrictions imposed on various industrial operations which is expected to create a positive impact for the growth of xanthan gum market across the region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific xanthan gum market. The Asia Pacific xanthan gum market is expected to grow at a good CAGR during the forecast period.

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Asia Pacific Xanthan Gum Market Segmentation

Asia Pacific Xanthan Gum Market – By Form

  • Dry
  • Liquid

Asia Pacific Xanthan Gum Market – By Application

  • Food and Beverages
  • Oil and Gas
  • Pharmaceuticals and Nutraceuticals
  • Personal Care
  • Others

Asia Pacific Xanthan Gum Market – By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

Asia Pacific Xanthan Gum Market – Companies Mentioned

  • ADM
  • Cargill, Incorporated
  • CP Kelco
  • Deosen
  • FUFENG GROUP
  • HEBEI XINHE BIOCHEMICAL CO. LTD
  • Ingredion Incorporated
  • Solvay
  • UNIONCHEM

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. Asia Pacific Xanthan Gum – Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants:

4.2.2 Bargaining Power of Buyers:

4.2.3 Bargaining Power of Suppliers:

4.2.4 Competitive Rivalry:

4.2.5 Threat of Substitutes:

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Asia Pacific Xanthan Gum Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increase in Demand for Gluten-Free Food Products

5.1.2 Multi-usability of Xanthan Gum

5.2 Market Restraints

5.2.1 Availableness of Substitutes

5.3 Market Opportunities

5.3.1 Elevating Demand from Oil & Gas Industry

5.4 Future Trends

5.4.1 Heighten Product Innovations in Xanthan Gum Market

5.5 Impact Analysis of Drivers and Restraint

6. Asia Pacific Xanthan Gum – Market Analysis

6.1 Asia Pacific Xanthan Gum Market Overview

6.1.1 Asia Pacific: Xanthan Gum Market –Revenue and Forecast to 2028 (US$ Million)

7. Asia Pacific Xanthan Gum Market Analysis – By Form

7.1 Overview

7.1.1 Asia- Pacific: Xanthan Gum Market, By Form

7.2 Dry

7.2.1 Overview

7.2.2 Dry : Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

7.3 Liquid

7.3.1 Overview

7.3.2 Liquid : Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

8. Asia Pacific Xanthan Gum Market Analysis – By Application

8.1 Overview

8.1.1 Asia Pacific: Xanthan Gum Market, by Application

8.2 Food and Beverages

8.2.1 Overview

8.2.2 Food and Beverages: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

8.3 Pharmaceuticals and Nutraceuticals

8.3.1 Overview

8.3.2 Pharmaceuticals and Nutraceuticals: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ million)

8.4 Personal Care

8.4.1 Overview

8.4.2 Personal Care: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Oil & Gas

8.5.1 Overview

8.5.2 Oil & Gas: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Others

8.6.1 Overview

8.6.2 Others: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

9. Asia Pacific Xanthan Gum Market – Country Analysis

9.1 Overview

9.1.1 Asia Pacific: Xanthan Gum Market, by Key Country

9.1.1.1 Australia: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 Australia: Xanthan Gum Market, by Form

9.1.1.1.2 Australia: Xanthan Gum Market, by Application

9.1.1.2 China: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 China: Xanthan Gum Market, by Form

9.1.1.2.2 China: Xanthan Gum Market, by Application

9.1.1.3 Japan: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 Japan: Xanthan Gum Market, by Form

9.1.1.3.2 Japan: Xanthan Gum Market, by Application

9.1.1.4 India: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1 India: Xanthan Gum Market, by Form

9.1.1.4.2 India: Xanthan Gum Market, by Application

9.1.1.5 South Korea: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1 South Korea: Xanthan Gum Market, by Form

9.1.1.5.2 South Korea: Xanthan Gum Market, by Application

9.1.1.6 Rest of Asia Pacific: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1 Rest of Asia Pacific: Xanthan Gum Market, by Form

9.1.1.6.2 Rest of Asia Pacific: Xanthan Gum Market, by Application

10. Asia Pacific Xanthan Gum Market – Impact of COVID-19 Pandemic

10.1 Overview

11. Company Profiles

11.1 ADM

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Cargill, Incorporated

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 CP Kelco

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Deosen

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 FUFENG GROUP

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 HEBEI XINHE BIOCHEMICAL CO. LTD

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Ingredion Incorporated

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 UNIONCHEM

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 Solvay

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary

LIST OF TABLES

Table 1. Asia Pacific Xanthan Gum Market –Revenue Forecast to 2028 (US$ Million)

Table 2. Australia Xanthan Gum Market, by Form – Revenue and Forecast to 2028 (US$ Million)

Table 3. Australia Xanthan Gum Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4. China Xanthan Gum Market, by Form – Revenue and Forecast to 2028 (US$ Million)

Table 5. China Xanthan Gum Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 6. Japan Xanthan Gum Market, by Form – Revenue and Forecast to 2028 (US$ Million)

Table 7. Japan Xanthan Gum Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8. India Xanthan Gum Market, by Form – Revenue and Forecast to 2028 (US$ Million)

Table 9. India Xanthan Gum Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 10. South Korea Xanthan Gum Market, by Form – Revenue and Forecast to 2028 (US$ Million)

Table 11. South Korea Xanthan Gum Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 12. Rest of Asia Pacific Xanthan Gum Market, by Form – Revenue and Forecast to 2028 (US$ Million)

Table 13. Rest of Asia Pacific Xanthan Gum Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 14. Glossary of terms, Xanthan Gum Market

LIST OF FIGURES

Figure 1. Asia Pacific Xanthan Gum Market Segmentation

Figure 2. Asia Pacific Xanthan Gum Market Segmentation – By Country

Figure 3. Asia Pacific Xanthan Gum Market Overview

Figure 4. Food Segment Held Largest Share of Asia Pacific Xanthan Gum Market

Figure 5. China Held Largest Share of Asia Pacific Xanthan Gum Market

Figure 6. Porter’s Five Forces Analysis

Figure 7. Ecosystem: Xanthan Gums

Figure 8. Expert Opinion

Figure 9. Asia Pacific Xanthan Gum Market Impact Analysis of Driver and Restraint

Figure 10. Asia Pacific: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11. Asia Pacific: Xanthan Gum Market Revenue Share, by Form (2020 and 2028)

Figure 12. Dry: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. Liquid : Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14. Asia Pacific: Xanthan Gum Market Revenue Share, by Application (2020 and 2028)

Figure 15. Food and Beverages: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Pharmaceuticals and Nutraceuticals: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. Personal Care: Xanthan Gum Market – Revenue and Forecast To 2028 (US$ Million)

Figure 18. Oil & Gas: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Others: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. Geographic Overview of Asia Pacific Xanthan Gum Market

Figure 21. Asia Pacific: Xanthan Gum Market Revenue Share, by Key Country (2020 and 2028)

Figure 22. Australia: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. China: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Japan: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. India: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. South Korea: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Rest of Asia Pacific: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

  1. ADM
  2. Cargill, Incorporated
  3. CP Kelco
  4. Deosen
  5. FUFENG GROUP
  6. HEBEI XINHE BIOCHEMICAL CO. LTD
  7. Ingredion Incorporated
  8. Solvay
  9. UNIONCHEM
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific xanthan gum market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific xanthan gum market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the xanthan gum market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution  
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