Europe Xanthan Gum Market

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.

Europe Xanthan Gum Strategic Insights

Strategic insights for the Europe Xanthan Gum provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Xanthan Gum Report Scope

Europe Xanthan Gum Regional Insights

The geographic scope of the Europe Xanthan Gum refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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