South 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)

Code: TIPRE00025267 | Pages: 92 | Industry: Food and Beverages | Date: Oct 2021
Covid

Market Introduction

The xanthan gum market in SAM is sub-segmented into Brazil, Argentina, and the Rest of South America. The rise in the expenditure on convenience food products and the increase in disposable income drive the xanthan gum market growth in South America. In bakery and confectionery products, xanthan gum acts as a humectant, texture enhance, and viscosity builder. In gluten-free baked goods, xanthan gum is a partial substitute to wheat flour as it acts as a binding agent. When employed in gluten-free baking, xanthan gum provides elasticity and stickiness to the dough and mixes. Gluten-free baked goods may lose their structure and texture if xanthan gum is not employed as a binder. Hence, the rising demand for bakery products in the region is further driving the demand for xanthan gum. In addition, an increase in urbanization and the working population in South America is propelling the demand for convenience and on-the-go food, which contains xanthan gum. Growing industrialization, triggering the food production business, and changing food habits of consumers, bolstering the demand for food with specific flavors and textures, are propelling the sales of xanthan gum in South America.

The country with the most confirmed COVID-19 cases in South America was Brazil, followed by Argentina, Peru, Chile, and Ecuador. Governments across the region have implemented several preventive measures to protect their residents and limit the spread of the novel coronavirus. Limitations on operations of various industries across the region have adversely affected the demand for xanthan gum for different applications which is further expected to restrain the growth of xanthan gum market in South America.


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Market Overview and Dynamics

The xanthan gum market in South America is expected to grow from US$ 25.56 million in 2021 to US$ 33.10 million by 2028; it is estimated to grow at a CAGR of 3.8% 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 South America 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 South America 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 South America xanthan gum market
  • Efficiently plan M&A and partnership deals in South America 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 South America xanthan gum market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in South America region.

 

South America Xanthan Gum Market Segmentation

 

South America Xanthan Gum Market – By Form

  • Dry
  • Liquid

South America Xanthan Gum Market – By Application

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

South America Xanthan Gum Market – By Country

  • Brazil
  • Argentina
  • Rest of SAM  

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

5.1        Market Drivers

5.1.1        Scaling Demand for Gluten-Free Food Products

5.1.2        Varied-Functionality of Xanthan Gum

5.2        Market Restraints

5.2.1        Access of Substitutes

5.3        Market Opportunities

5.3.1        Thriving Demand from Oil & Gas Industry

5.4        Future Trends

5.4.1        Advanced Product Innovations in Xanthan Gum Market

5.5        Impact Analysis of Drivers and Restraint

6.          South America Xanthan Gum – Market Analysis

6.1        South America Xanthan Gum Market Overview

6.2        South America Xanthan Gum Market –Revenue and Forecast to 2028 (US$ Million)

7.          South America Xanthan Gum Market Analysis – By Form

7.1        Overview

7.2        South 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.          South America Xanthan Gum Market Analysis – By Application

8.1        Overview

8.2        South 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.          South America Xanthan Gum Market – Country Analysis

9.1        Overview

9.1.1        South America : Xanthan Gum Market, by Key Country

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

9.1.1.1.1          Brazil: Xanthan Gum Market, by Form

9.1.1.1.2          Brazil: Xanthan Gum Market, by Application

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

9.1.1.2.1          Argentina : Xanthan Gum Market, by Form

9.1.1.2.2          Argentina : Xanthan Gum Market, by Application

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

9.1.1.3.1          Rest of SAM : Xanthan Gum Market, by Form

9.1.1.3.2          Rest of SAM : Xanthan Gum Market, by Application

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

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

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

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

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

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

Table 7.            Rest of SAM 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.           South America Xanthan Gum Market Segmentation

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

Figure 3.           South America Xanthan Gum Market Overview

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

Figure 5.           Rest of SAM Region Held Largest Share of South America Xanthan Gum Market

Figure 6.           Porter’s Five Forces Analysis

Figure 7.           Ecosystem: Xanthan Gums

Figure 8.           Expert Opinion

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

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

Figure 11.        South 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.        South 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 South America Xanthan Gum Market

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

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

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