North America Xanthan Gum Market Dynamics and Trends by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028North 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)
- Report Date : Oct 2021
- Report Code : TIPRE00025260
- Category : Food and Beverages
- Status : Published
- Available Report Formats :
- No. of Pages : 97
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.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
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.
North America Xanthan Gum Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 146.74 Million |
| Market Size by 2028 | US$ 195.31 Million |
| Global CAGR (2021 - 2028) | 4.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Form
|
| Regions and Countries Covered | North America
|
| 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
- SNP, Inc.
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