The Asia Pacific and North American regions have had major influence on the global food grade xanthan gum market, as both regions have a thriving food industry and a large population
In terms of global value, the food grade xanthan gum market is anticipated to exhibit a healthy CAGR of 4.1% over the forecast period, due to various factors, regarding which, study offers crucial insights in detail.
Food Grade Xanthan Gum Market: Segmental Analysis & Factors Boosting Growth
It can be observed that, based on the function of food grade xanthan gum, the thickeners segment accounts for the highest share in the market, due to the use of food grade xanthan gum as a thickener in various food products such as sauces and dressing, dairy products, and beverages. Xanthan gum provides unique pseudoplastic properties that are very desirable in case of sauces and dressings, because texture and mouthfeel are of utmost importance in those cases. The increased demand for food grade xanthan gum from food manufacturing industries can be associated with the multifaceted functional properties of food grade xanthan gum that it provides in a plethora of differently-processed foodstuff. Pairing that with the increasing need for processed foodstuff because of multiple socio-economic factors and preferences, the demand for food grade xanthan gum from a range of industries has only witnessed an upward trend in the recent past. This trend is expected to continue, and present market entrants with multiple opportunities in the food grade xanthan gum market.
Food Grade Xanthan Gum Market: Regional Analysis
The Asia Pacific and North American regions have had major influence on the global food grade xanthan gum market, as both regions have a thriving food industry and a large population. The fact that both these regions have a large population inclined towards making a purchase decision that involves processed foodstuff is also indicative of the reason why both regions hold large value shares in the food grade xanthan gum market. The processing and procurement of food grade xanthan gum involves starchy products such as corn, wheat, or even soy. This might deter some potential consumers who might be hyper-allergic to any of these substrates. This can be a hurdle for the growth of the food grade xanthan gum market in value, but it is a small impact factor, since it correlates to a small number of individuals.
Food Grade Xanthan Gum Market: End-Use & Application Analysis
In manufacturing, especially, food grade xanthan gum seems to be favored over other traditional gums because of its non-dependency on seasons and crop output as a source. Unlike guar gum or gum Arabic, food grade xanthan gum is a derivative of a microbial fermentation product. It helps food manufacturers retain a steady supply chain for their food products, and keeps the costs from fluctuating too much. Xanthan gum also provides excellent results when used as a thickening agent as compared to other traditional gums that are in use today, making it a primary choice of hydrocolloid.
In the meat and poultry sub-segment, the demand for food grade xanthan gum is forecasted to decrease over the forecasted time, mainly because of the increased awareness regarding filler gums and additives in meat and poultry products, one of which is food grade xanthan gum. Multiple online sources have taken upon themselves to spread awareness about the use of fillers and texturizers in food products, and the harmful effects that they can have on the human body. This has led to public outcry about the same, which can prove to be an obstacle for the demand for food grade xanthan gum, globally.
The study includes the trends in the food grade xanthan gum market that are driving independent segments, and provides analysis and insights into the potential of the food grade xanthan gum market in regions of interest.
Food Grade Xanthan Gum Market: Key Players
Detailed profiles of food grade xanthan gum providers are also included in the scope of the study, to evaluate their recent developments, key offerings, and long-term and short-term strategies in the food grade xanthan gum space. Companies included in the scope of the report are Cargill, Incorporated, DowDuPont, Inc., Ingredion Inc., Archer Daniels Midland Company, Ashland Global Holdings Inc., Tate & Lyle PLC, Jungbunzlauer Holding AG, Nestlé Health Science S.A., Fuerst Day Lawson Limited, CP Kelco, Lubrizol Corporation, Fiberstar, Inc, Fufeng Group Company Ltd, etc.