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.
Market Dynamics
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:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
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