Europe 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)

Code: TIPRE00025261 | Pages: 101 | Industry: Food and Beverages | Date: Oct 2021
Covid

Market Introduction

Europe comprises of various potential economies such as Germany, France, Italy, United Kingdoms, Russia, and rest of Europe. xanthan gum market is expected to register a notable growth in Europe owing to growing demand from various application segments especially food & beverage, pharmaceuticals, personal care, oil & gas, among others. According to a report published by Food Drink Europe, the food and beverage industry in Europe accounted for turnover of USD 1463.5 billion in 2020 making it one of the largest manufacturing sectors in Europe. The growth of this industry is driven by rising demand for comfort foods, frozen foods, and different kinds of beverages. Xanthan gum has wide application across the food & beverage industry owing to its application in thickening and stabilizing certain food & beverage products. Moreover, xanthan gum is gaining huge popularity amongst the manufacturers owing to growing demand for natural or plant-based food additives. Xanthan gum is highly replacing gelatin which is an animal-based thickener and stabilizer, in many food & beverages. Thus, growing inclination of consumers towards maintaining a healthy lifestyle as well as adopting healthy food habits is expected to favor the growth of xanthan gum market in Europe. Furthermore, individuals avoid foods that include artificial or synthetic ingredients which is further anticipated to boost the demand for xanthan gum across the region. According to Cosmetics Europe which is the European trade association for the cosmetics and personal care industry, the European cosmetics and personal care market is the largest market for cosmetic products in the world and accounted for Euro 76.7 billion at retail sales price in 2020. Xanthan gum is extensively used in various personal care and cosmetic products as a binder, emulsion stabilizer, skin-conditioning agent - various, surfactant - emulsifying agent, or viscosity enhancing agent. Growing demand for vegan or animal-friendly personal care products across the region is also expected to drive the demand for xanthan gum over the forecast period. Moreover, growing application of xanthan gum in pharmaceutical & nutraceutical products as a stabilizer and modifier is also anticipated to further boost the Europe xanthan gum market growth in the forthcoming years.

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.


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Market Overview and Dynamics

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. The manufacturers are developing innovative products that can more easily dissolve in water. For instance, TIC gums developed TIC Pretested Pre- Hydrated Ticaxan Xanthan Rapid 3, which allows producers to dissolve xanthan gum, and it blends in water without causing lumps. Xanthan gum is a versatile gum that is commonly used in sauces, dressings, and marinades. However, food processors have had difficulty dissolving xanthan in water-based systems, resulting in slower processing times. Further, the use of xanthan gum is extensively used in the cosmetics industry. Xanthan gum is an excellent rheology control agent that works well even at low concentrations. It has varied flow qualities based on concentration and co-solvents, allowing any product's texture and rheology to be tailored and controlled to meet specific needs. Water retention is essential in sheet masks since it prevents drying and ensures a pleasant sensation while using them. Xanthan gum's excellent water retention capacity enables optimal moisture retention for a long-lasting fresh skin experience. For instance, Jungbunzlauer Suisse AG provides xanthan gum that is highly suitable for face mask applications in terms of stability, flow behavior, and texture. Thus, product innovations in xanthan gum are giving rise to several key trends that will impact the xanthan gum market in the coming years.

Key Market Segments

In terms of form, the dry segment held a larger share in 2020. Based on application, food and beverages segment held the largest share in 2020. 

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the xanthan gum market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ADM; Cargill, Incorporated; CP Kelco; Deosen; FUFENG GROUP; HEBEI XINHE BIOCHEMICAL CO. LTD; Ingredion Incorporated; and Solvay among others.

Reasons to buy report

  • To understand the Europe xanthan gum market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe xanthan gum market
  • Efficiently plan M&A and partnership deals in Europe xanthan gum market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe xanthan gum market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

 

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

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

 

 

  1. ADM
  2. Cargill, Incorporated
  3. CP Kelco
  4. Deosen
  5. FUFENG GROUP
  6. HEBEI XINHE BIOCHEMICAL CO. LTD
  7. Ingredion Incorporated
  8. Solvay
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