Xanthan Gum Market, by Form (Dry and Liquid), by Function (Thickeners, Stabilizers, Fat replacers, Coating material, Gelling agents, and Others), by End-Use Industry (Food & Beverages (Meat and poultry, Bakery, Confectionery), Pharmaceuticals, Oil & Gas, Agrochemicals, Paints & coatings, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Xanthan gum finds wide application as an emulsifier, stabilizer, and thickening agent in various industries including, healthcare and food & beverages. Xanthan gum is widely used as a thickener in dairy products, beverages, bakery products, and sauces, thus holding significance in the food and beverages industry. Furthermore, xanthan gum also finds fair application in the oil & gas industry, owing to its rheological properties, employed in brines and drilling fluids. The global market for xanthan gum is expected to grow at a steady pace during the forecast period, owing to its extensive application in industries such as oil & gas and food & beverages.
Growing awareness regarding the health benefits of consuming gluten-free products coupled with stringent regulations by governmental organizations such U.S. Department of Agriculture (USDA) and U.S. Food and Drug Administration (FDA) are limiting the usage of gluten in food products. This is propelling the demand for gluten-free food products, which in turn is driving growth of the global xanthan gum market.
North America held a dominant position in the xanthan gum market in 2020, owing to its extensive application in the oil and gas industries. Growth of the oil and gas industry in North America has boosted the growth of the xanthan gum market in the region. Furthermore, increasing number of celiac gluten sensitivity cases is fueling the demand for gluten-free food products, in turn, driving growth of the xanthan gum market in the region.
Asia Pacific is expected to project fastest growth in the global xanthan gum market throughout the forecast period. Rapid adoption of xanthan gum in the food & beverages and pharmaceuticals industries is largely contributing to the overall growth of the xanthan gum market in the region. Moreover, high demand for processed food in emerging economies such as India, China, Vietnam, and Indonesia, coupled with rapid developments in the oil & gas industry are expected to boosted growth of the xanthan gum market in the Asia Pacific.
Key features of the study:
This report provides an in-depth analysis of global xanthan gum market, and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global xanthan gum market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include CP Kelco, Cargill Inc., E. I. Du Pont De Nemours and Company, Fufeng Group Company Ltd., FMC BioPolymer, Archer Daniels Midland Company, Fuerst Day Lawson, Zoranoc Oilfield Chemical Co., Ltd, Ingredion Incorporated, and Solvay S.A.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
The global xanthan gum market report caters to various stakeholders in this industry including investors, suppliers, xanthan gum manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global xanthan gum market
Global Xanthan gum Market, By Form:
Global Xanthan Gum Market, By Function:
Global Xanthan Gum Market, By End-Use Industry:
Food & Beverages
Meat and Poultry
Oil and Gas
Paints and Coatings
Global Xanthan Gum Market, By Region:
Rest of Latin America
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
I. Du. Pont De Nemours and Company
Fufeng Group Company Ltd.
Archer Daniels Midland Company
Fuerst Day Lawson
Zoranoc Oilfield Chemical
“*” marked represents similar segmentation in other categories in the respective section.
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