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.
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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. Europe 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. Europe Xanthan Gum Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in Demand for Gluten-Free Food Products
5.1.2 Multi-purpose use of Xanthan Gum
5.2 Market Restraints
5.2.1 Existence of Substitutes
5.3 Market Opportunities
5.3.1 Raising Demand from Oil & Gas Industry
5.4 Future Trends
5.4.1 Growing Product Innovations in Xanthan Gum Market
5.5 Impact Analysis of Drivers and Restraint
6. Europe Xanthan Gum – Market Analysis
6.1 Europe Xanthan Gum Market Overview
6.2 Europe Xanthan Gum Market –Revenue and Forecast to 2028 (US$ Million)
7. Europe Xanthan Gum Market Analysis – By Form
7.1 Overview
7.1.1 Europe: 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. Europe Xanthan Gum Market Analysis – By Application
8.1 Overview
8.1.1 Europe: 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. Europe Xanthan Gum Market – Country Analysis
9.1 Overview
9.1.1 Europe: Xanthan Gum Market, by Key Country
9.1.1.1 Germany: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Xanthan Gum Market, by Form
9.1.1.1.2 Germany: Xanthan Gum Market, by Application
9.1.1.2 France: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Xanthan Gum Market, by Form
9.1.1.2.2 France: Xanthan Gum Market, by Application
9.1.1.3 Italy: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Xanthan Gum Market, by Form
9.1.1.3.2 Italy: Xanthan Gum Market, by Application
9.1.1.4 UK: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Xanthan Gum Market, by Form
9.1.1.4.2 UK: Xanthan Gum Market, by Application
9.1.1.5 Russia: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Xanthan Gum Market, by Form
9.1.1.5.2 Russia: Xanthan Gum Market, by Application
9.1.1.6 Rest of Europe: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Xanthan Gum Market, by Form
9.1.1.6.2 Rest of Europe: Xanthan Gum Market, by Application
10. Europe 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 Solvay
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
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. Europe Xanthan Gum Market –Revenue Forecast to 2028 (US$ Million)
Table 2. Germany Xanthan Gum Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Xanthan Gum Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. France Xanthan Gum Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 5. France Xanthan Gum Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy Xanthan Gum Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy Xanthan Gum Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. UK Xanthan Gum Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK Xanthan Gum Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia Xanthan Gum Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia Xanthan Gum Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe Xanthan Gum Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe 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. Europe Xanthan Gum Market Segmentation
Figure 2. Europe Xanthan Gum Market Segmentation – By Country
Figure 3. Europe Xanthan Gum Market Overview
Figure 4. Food Segment Held Largest Share of Europe Xanthan Gum Market
Figure 5. Rest of Europe Region Held Largest Share of Europe Xanthan Gum Market
Figure 6. Porter’s Five Forces Analysis
Figure 7. Ecosystem: Xanthan Gums
Figure 8. Expert Opinion
Figure 9. Xanthan Gum Market Impact Analysis of Driver and Restraint
Figure 10. Europe: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Europe: 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. Europe: 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 Europe Xanthan Gum Market
Figure 21. Europe: Xanthan Gum Market Revenue Share, by Key Country (2020 and 2028)
Figure 22. Germany: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. France: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Italy: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. UK: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Russia: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of Europe: Xanthan Gum Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic in Europe Country Markets
- ADM
- Cargill, Incorporated
- CP Kelco
- Deosen
- FUFENG GROUP
- HEBEI XINHE BIOCHEMICAL CO. LTD
- Ingredion Incorporated
- Solvay
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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