Europe Xanthan Gum Market Drivers and Forecasts by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Europe 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)
- Report Date : Oct 2021
- Report Code : TIPRE00025261
- Category : Food and Beverages
- Status : Published
- Available Report Formats :
- No. of Pages : 101
The xanthan gum market in Europe is expected to grow from US$ 85.82 million in 2021 to US$ 116.69 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028.
Xanthan gum is used as a thickener, stabilizer, gelling agent, fat replacer in various applications such as food & beverages, pharmaceuticals and nutraceuticals, personal care, and others. Xanthan gum is used as a thickening ingredient in toothpaste and other products to keep them uniformly thick. It has been widely used as a viscosity for drilling, drill-in, and completion fluids in the oil industry because of its unusual rheological qualities. Xanthan gum is used as an emulsifier to bind moisture, and it can prevent products from separating. As a result, it is used in various oil-based salad dressings and cosmetics. Further, xanthan gum is added to improve texture, consistency, flavor, shelf life, and appearance in food products. It also helps to stabilize meals, allowing them to survive a range of temperatures and pH levels. It keeps meals from separating and will enable them to flow freely out of their containers. Furthermore, several personal care and beauty products contain xanthan gum. It allows these products to be thick while still freely flowing out of their containers. It also enables the suspension of solid particles in liquids. In addition, xanthan gum is utilized in a wide range of industrial products because of its capacity to endure varying temperatures and pH levels, attach to surfaces, and thicken liquids while maintaining a good flow. Xanthan gum has been associated with a variety of other potential health benefits, including weight loss, cancer-fighting abilities, and lowering cholesterol levels. Additionally, in medicine, xanthan gum is utilized as a stabilizer in various formulations and suspensions such as vitamin supplements to prevent delamination due to temperature changes. Moreover, xanthan gum is also employed in certain eye drops for preventing and treating ophthalmic disorders like retinitis and choroiditis. Increasing usage of natural gums in various pharmaceutical formulations. Thus, the multi-functionality of xanthan gum is expected to drive the xanthan gum market worldwide.
In Europe, the UK and Russia recorded the highest number of COVID-19 cases as of June 2021. Moreover, France, Spain, Italy, and Germany are amongst the worst hit countries and are expected to suffer an economic hit due to the lack of revenue from various industries. European countries have implemented drastic measures and travel restrictions, including partially closing their borders. Extended lockdowns created trade barriers and restricted the operations of various industries in the region. These factors potentially restricted the growth of xanthan gum market. However, with the European countries getting vaccinated, this impact is expected to ease out in the coming years leading to positive 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 Europe xanthan gum market. The Europe xanthan gum market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Europe Xanthan Gum Market Segmentation
Europe Xanthan Gum Market – By Form
- Dry
- Liquid
Europe Xanthan Gum Market – By Application
- Food and Beverages
- Oil and Gas
- Pharmaceuticals and Nutraceuticals
- Personal Care
- Others
Europe Xanthan Gum Market – By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Xanthan Gum Market – Companies Mentioned
- ADM
- Cargill, Incorporated
- CP Kelco
- Deosen
- FUFENG GROUP
- HEBEI XINHE BIOCHEMICAL CO. LTD
- Ingredion Incorporated
- Solvay
Europe Xanthan Gum Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 85.82 Million |
| Market Size by 2028 | US$ 116.69 Million |
| Global CAGR (2021 - 2028) | 4.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Form
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- ADM
- Cargill, Incorporated
- CP Kelco
- Deosen
- FUFENG GROUP
- HEBEI XINHE BIOCHEMICAL CO. LTD
- Ingredion Incorporated
- Solvay
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