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North America Xanthan Gum Market

2021

North America 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: TIPRE00025260 | No. of Pages: 97 | Category: Food and Beverages | Status: Published

Market Insights

North America Xanthan Gum Market Market to Grow at a CAGR of 4.2% to reach US$ 195.31 million from 2021 to 2028

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The xanthan gum market in North America is expected to grow from US$ 146.74 million in 2021 to US$ 195.31 million by 2028; it is estimated to grow at a CAGR of 4.2% from 2021 to 2028.


Xanthan gum is a common food additive that is used as a gluten alternative. Gluten is the protein that gives wheat flour its structure. Xanthan gum is typically used with non-gluten-containing flour to produce gluten-free goods with good structure and texture. This demand is driven by the growing awareness about health risks associated with gluten consumption, such as celiac disease, as well as FDA and USDA regulatory standards limiting the amount of gluten in food products. For instance, according to the FDA's gluten-free food labeling rule, all products labeled "gluten-free," "no gluten," "free of gluten," or "without gluten" must have fewer than 20 parts per million (ppm) of gluten. Moreover, xanthan gum is a vital gluten-free baking ingredient because it helps baked goods hold together and develop elasticity. Further, xanthan gum is used in gluten-free baking for various products, including cakes and pancakes, cookies, muffins, quick bread, pizza dough, bread, and salad dressings. Among these, xanthan gum is often utilized in the making of pizza dough. The nutritional value of xanthan gum, which includes carbs and fiber, also increases its acceptability. In addition, xanthan gum is used in gluten-free products to improve the texture and shelf life. It works similarly to gluten in terms of keeping baked goods moist and soft. However, gluten, which accounts for around 75% of the protein in wheat, barley, and rye, can cause significant intestine damage and raise the risk of cardiovascular events in celiac disease patients. Hence, consumers facing gluten-intolerance issues and other health-related problems caused due to gluten are demanding gluten-free products, which is further raising the demand for gluten-free food products, thereby boosting the xanthan gum market

The US recorded the highest number of COVID-19 confirmed cases than Mexico and Canada. The crisis adversely affected the food & beverage industry in the region due to restricted supply chain. In addition, the overall disruptions in manufacturing process, supply chain disintegration, shortage of raw materials, and other factors has severely impacted the operations of various industries across the region leading to lowering in demand for xanthan gum. However, remarkable success of vaccination drives across the region is projected to have positive impact on business activities and economic growth which is projected to favor the growth of xanthan gum market in North America over the forecast period.

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 North America xanthan gum market. The North America xanthan gum market is expected to grow at a good CAGR during the forecast period.

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North America Xanthan Gum Market Segmentation

North America Xanthan Gum Market – By Form

  • Dry
  • Liquid

North America Xanthan Gum Market – By Application

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

North America Xanthan Gum Market – By Country

  • US
  • Canada
  • Mexico

North America Xanthan Gum Market – Companies Mentioned

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

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. North America 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. North America Xanthan Gum Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Expanding Demand for Gluten-Free Food Products

5.1.2 Multiple-use of Xanthan Gum

5.2 Market Restraints

5.2.1 Presence of Substitutes

5.3 Market Opportunities

5.3.1 Burgeoning Demand from Oil & Gas Industry

5.4 Future Trends

5.4.1 Up-scaling Product Innovations in Xanthan Gum Market

5.5 Impact Analysis of Drivers and Restraint

6. North America Xanthan Gum – Market Analysis

6.1 North America Xanthan Gum Market Overview

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

7. North America Xanthan Gum Market Analysis – By Form

7.1 Overview

7.2 North America Xanthan Gum Market, By Form

7.3 Dry

7.3.1 Overview

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

7.4 Liquid

7.4.1 Overview

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

8. North America Xanthan Gum Market Analysis – By Application

8.1 Overview

8.2 North America Xanthan Gum Market, by Application

8.3 Food and Beverages

8.3.1 Overview

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

8.4 Pharmaceuticals and Nutraceuticals

8.4.1 Overview

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

8.5 Personal Care

8.5.1 Overview

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

8.6 Oil & Gas

8.6.1 Overview

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

8.7 Others

8.7.1 Overview

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

9. North America Xanthan Gum Market – Country Analysis

9.1 Overview

9.1.1 North America: Xanthan Gum Market, by Key Country

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

9.1.1.1.1 US: Xanthan Gum Market, by Form

9.1.1.1.2 US: Xanthan Gum Market, by Application

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

9.1.1.2.1 Canada: Xanthan Gum Market, by Form

9.1.1.2.2 Canada: Xanthan Gum Market, by Application

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

9.1.1.3.1 Mexico: Xanthan Gum Market, by Form

9.1.1.3.2 Mexico: Xanthan Gum Market, by Application

10. North America 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 SNP, Inc.

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. North America Xanthan Gum Market – Revenue Forecast to 2028 (US$ Million)

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

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

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

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

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

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

Table 8. Glossary of terms, Xanthan Gum Market

LIST OF FIGURES

Figure 1. North America Xanthan Gum Market Segmentation

Figure 2. North America Xanthan Gum Market Segmentation – By Country

Figure 3. North America Xanthan Gum Market Overview

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

Figure 5. The US Held Largest Share of North America Xanthan Gum Market

Figure 6. Porter’s Five Forces Analysis

Figure 7. Ecosystem: Xanthan Gums

Figure 8. Expert Opinion

Figure 9. North America Xanthan Gum Market Impact Analysis of Driver and Restraint

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

Figure 11. North America: 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. North America 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 North America Xanthan Gum Market

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

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

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

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

Figure 25. Impact of COVID-19 Pandemic in North American 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. SNP, Inc.                                                             
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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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