Press release
Xanthan Gum Market Expected To Reach US$1.25 bn by 2024
Global Xanthan Gum Market: Overview
Xanthan gum is a polysaccharide derived from a bacteria called xanthomonas campestris through a pure-culture fermentation process. The xanthomonas campestris strain used to yield xanthan gum is non-pathogenic and non-toxic to animals and humans. Therefore, it is preferred over other substitutes in food applications. Xanthan gum is primarily employed in end-user industries such as oil & gas and food & beverage. Demand for xanthan gum is expected to increase significantly in the next few years considering the favorable regulatory policies regarding its use in food and beverages. Asia Pacific and North America dominates the xanthan gum market in terms of production and demand. Countries such as the U.S, Canada and China are expected to be the key consumers of xanthan gum during the forecast period. Antidumping duty on imports of xanthan gum from China and Austria is anticipated to hamper the market growth. Increasing demand for gluten-free products is estimated to offer major opportunities to the xanthan gum market in the next few years.
This report analyzes and forecasts the market for xanthan gum at the global and regional level. The market has been forecast based on volume (Tons) and revenue (US$ Mn) from 2016 to 2024, considering 2015 as the base year. The study includes drivers and restraints of the global xanthan gum market. It also covers impact of these drivers and restraints on demand for xanthan gum during the forecast period. The report also highlights opportunities in the xanthan gum market at the global and regional level.
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The report includes detailed value chain analysis, which provides a comprehensive view of the global xanthan gum market. Porter’s Five Forces model for the xanthan gum market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
Global Xanthan Gum Market: Segmentations
The study provides a decisive view of the global xanthan gum market by segmenting it in terms of end-users such as food & beverage, oil & gas, pharmaceutical, personal care and others (including agrochemicals, lab research, paints and printing inks). The food & beverage segment is further bifurcated into: Bakery & Confectionery, Dairy & Ice cream, Meat & Fish, Beverages and Sauces & Dressings. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for xanthan gum in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides the actual market size of xanthan gum for 2015 and estimated market size for 2016 with forecast for the next eight years. The global market size of xanthan gum has been provided in terms of volume and revenue. Market volume has been defined in tons, while market revenue is in US$ Mn. Market numbers have been estimated based on key end-users of xanthan gum. Market size and forecast for numerous end-users have been provided in terms of global, and regional level markets.
Global Xanthan Gum Market: Research Methodologies
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
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Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Food Navigator, The United States International Trade Commission, Hoover’s, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
Global Xanthan Gum Market: Competitive Landscape
We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The report comprises profiles of major companies operating in the global xanthan gum market. Key players in the xanthan gum market are Fufeng Group Company Limited, CP Kelco, Archer Daniels Midland Company, Cargill, Inc., Jungbunzlauer Suisse AG, The Aurora Chemical, MeiHua Holdings Group Co., Ltd, Hebei Xinhe Biochemical Co., Ltd., DuPont-Danisco, Deosen, Solvay S.A., The Zoranoc Oilfield Chemical and FMC BioPolymer. Market players have been profiled in terms of attributes such as company overview, financial overview, SWOT analysis, business strategies, and recent developments.
The global xanthan gum market has been segmented as follows:
Xanthan Gum Market: End-user Analysis
Food & beverage
Bakery & Confectionery
Dairy & Ice creams
Meat & Fish
Beverages
Sauces & Dressings
Oil & gas
Pharmaceutical
Personal Care
Others (agrochemicals, lab research, paints, printing inks, etc.)
Xanthan Gum Market: Regional Analysis
North America
U.S.
Canada
Europe
France
U.K.
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
ASEAN
India
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of South America
Middle East & Africa (MEA)
GCC
Nigeria
South Africa
Rest of MEA
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Table of Content
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Research Methodology
3. Executive Summary
3.1. Market Size, Indicative (US$ Mn)
3.2. Top 3 Trends
4. Market Overview
4.1. Xanthan gum Overview
4.2. Key Industry Developments
4.3. Market Indicators
4.4. Drivers and Restraints Analysis
4.4.1. Drivers
4.4.1.1. Growth of food & beverage industry
4.4.1.2. Better performance compared to other hydrocolloids
4.4.1.3. Projected price inflation of substitute hydrocolloids
4.4.2. Restraints
4.4.2.1. Anti-dumping duty on imports from China and Austria in the U.S.
4.4.2.2. Quality concerns about China-based xanthan gum product
4.4.3. Opportunities
4.4.3.1. Opportunity for new entrants in the U.S. xanthan gum market
4.4.3.2. Rising market for gluten-free bakery products
4.5. Global Xanthan Gum Market Analysis and Forecast
4.6. Xanthan Gum Market: Global Demand-Supply Scenario
4.7. Porter’s Analysis
4.7.1. Threat of Substitutes
4.7.2. Bargaining Power of Buyers
4.7.3. Bargaining Power of Suppliers
4.7.4. Threat of New Entrants
4.7.5. Degree of Competition
4.8. Value Chain Analysis
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