Global Xanthan Gum Market 2017-2021
About Xanthan Gum
Xanthan gum is a natural high molecular weight anionic polysaccharide and an important industrial biopolymer manufactured by the process of fermentation. Due to its unique properties, it is used in a variety of applications such as food and beverages, oil and gas, pharmaceuticals, personal care and cosmetics, agrochemicals, pet food, textiles printing, and chemical applications such as adhesives, ceramic glazes, foundry compounds, emulsions, lubricants, paints and coatings, and pesticides.
Technavio’s analysts forecast the global xanthan gum market to grow at a CAGR of 3.37% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global xanthan gum market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Xanthan Gum Market 2017-2021
Technavio recognizes the following companies as the key players in the global xanthan gum market: Archer Daniels Midland, Cargill, DuPont, Fufeng Group, and Solvay
Other Prominent Vendors in the market are: CP Kelco, Deosen, FMC Corporation, Hebei Xinhe Biochemical, INGREDION, Jianlong Biotechnology, Jungbunzlauer Suisse, Kantilal Brothers, MEIHUA HOLDINGS GROUP, Oilfield Chemical, Shanghai Changguang Enterprise Development, The Aurora Chemical, The Zoranoc Oilfield Chemical, and Qingdao Unionchem.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Recovery of oil and gas industry. Xanthan gum is extensively used in the oil and gas industry. It provides multipurpose rheology control in a wide range of brines, drilling, and fracturing fluids. It is an organic product and considered as non-hazardous, and that is why it is extensively used in environmentally sensitive locations and applications.”
According to the report, one of the major drivers for this market is Increase in demand from food and beverages industry. Xanthan gum is extensively used in the food and beverages industry. It is used in major food products such as bakery products, alcoholic and non-alcoholic beverages, and convenience food such as emulsified sauces, tomato-based sauces, sauces with particles in suspension, and dry mix sauces. It is also used in dairy products such as ice cream, powder products, cheese products, milk and cream products, table syrups, fruit preparations, and meat and fish products.
Further, the report states that one of the major factors hindering the growth of this market is Health hazards from xanthan gum. Xanthan gum is used extensively in bakery products, confectionery products, sauces and dressings, meat and poultry products, beverages, food additives, and dairy products. The excessive use of xanthan gum can cause health hazards.
Archer Daniels Midland, Cargill, DuPont, Fufeng Group, Solvay, CP Kelco, Deosen, FMC Corporation, Hebei Xinhe Biochemical, INGREDION, Jianlong Biotechnology, Jungbunzlauer Suisse, Kantilal Brothers, MEIHUA HOLDINGS GROUP, Oilfield Chemical, Shanghai Changguang Enterprise Development, The Aurora Chemical, The Zoranoc Oilfield Chemical, and Qingdao Unionchem.