The global xanthan gum market was valued at US$ 383.0 million in 2016, according to Global Xanthan Gum Market Report, by Form (Dry & Liquid), by Function (Thickeners, Stabilizers, Fat Replacers, Coating Materials, Gelling Agents, and Others), and by End-use Industry (Food & Beverages, Pharmaceutical, Oil & Gas, Agrochemicals, Paints & Coatings, and Others) published by Coherent Market Insights. The xanthan gum market is expected to register a CAGR of 3.38% during the forecast period (2017 – 2025), reaching US$ 507.6 million by 2025.
Major factors propelling growth of the xanthan gum market include growing demand for gluten-free food products and the growing oil and gas industry worldwide. Xanthan gum is extensively used in its dry form, mainly in pharmaceutical products and in the manufacturing of products such as toothpastes, tablets, salad dressings, bakery products, and frozen food. The increasing demand for these products has in turn, boosted the market for xanthan gum.
Availability of substitute products and high costs associated with production of xanthan gum are some of the major factors hindering growth of the xanthan gum market.
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The key players operating in the global market of xanthan gum 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, and Ingredion Incorporated.
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