South America Xanthan Gum Market
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.
Strategic insights for the South America 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 25.56 Million |
| Market Size by 2028 | US$ 33.10 Million |
| Global CAGR (2021 - 2028) | 3.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Form
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America 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 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.
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.
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.
The South America Xanthan Gum Market is valued at US$ 25.56 Million in 2021, it is projected to reach US$ 33.10 Million by 2028.
As per our report South America Xanthan Gum Market, the market size is valued at US$ 25.56 Million in 2021, projecting it to reach US$ 33.10 Million by 2028. This translates to a CAGR of approximately 3.8% during the forecast period.
The South America Xanthan Gum Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Xanthan Gum Market report:
The South America Xanthan Gum Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Xanthan Gum Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Xanthan Gum Market value chain can benefit from the information contained in a comprehensive market report.
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