Coherent Market Insights

Xanthan Gum Market to Surpass US$ 570.7 Million by 2028

Xanthan Gum Market to Surpass US$ 570.7 Million by 2028 - Coherent Market Insights

Publish In: May 11, 2022

The global xanthan gum market is estimated to be valued at US$ 452.3 million in 2021, according to Xanthan Gum Market Report, 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), published by Coherent Market Insights.

Xanthan gum is a polysaccharide made by fermenting sugar with alcohol and xanthomonas campestris bacterium.  It is widely used in various end-user industries such as pharmaceutical, food & beverage, cosmetics, oil & gas. In order to acquire a competitive advantage in the xanthan gum market.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/xanthan-gum-market-929

Browse 50 market data tables* and 40 figures* on "Global Xanthan Gum Market” - Forecast to 2028.

Key Trends and Analysis of the Global Xanthan Gum Market:

  • Among end-use industry, food and beverages segment accounted for largest share in the xanthan gum market in 2020 and is expected to retain its dominance over the forecast period. The market for food & beverage is driven due to the pseudo-plastic and mouthfeel effects produced by xanthan gum.
  • Among form, dry segment held a dominant position in the market in 2020, owing to ease of application using xanthan gum in dry form when compared to its liquid form.
  • Among function, the thickeners segment held a dominant position in the global xanthan gum market in 2020 and is expected to retain its dominance over the forecast period. Furthermore, xanthan gum as a gelling agent is gaining significant traction, as it is highly soluble and can rapidly convert into gel.

Key Takeaways of the Global Xanthan Gum Market:

  • North America held a dominant position in the global xanthan gum market and was valued US$ 169.3 million in 2020. The region is projected to witness a CAGR of 3.16%, in terms of revenue during the forecast period, owing to the high penetration of xanthan gum in the oilfield sector and steady growth of the drilling & shale gas industry in the region. The U.S. and Canada recorded tremendous growth in the shale gas and oil industry over the past decades due to various technological advancements including horizontal drilling and multi stage hydraulic fracturing from multi-well pads.
  • Asia Pacific is projected to be the fastest growing market, witnessing the highest CAGR of 4.09% during the forecast period, owing to the growing adoption of xanthan gum as a thickener, stabilizer, flavor enhancer, and emulsifier in the food & beverages industry. According to coherent market insights, in 2020, China held a dominant position in the xanthan gum market in the Asia Pacific, due to high demand for processed food in the country. Increasing demand for relatively safer and quicker processed food is subsequently increasing the demand for xanthan gum in the region
  • Major players operating in the global xanthan gum market 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.
  • Technology launches, acquisitions, and R&D activities are some of the key strategies adopted by players in the global xanthan gum market. For instance, in January 2019, DSM, a Dutch multinational corporation in the fields of health, nutrition, and materials, launched new branding- ClariXan and XanTreme. ClariXan is the brand name of xanthan gum used in food and personal care products and XanTreme represents xanthan gum for use in industrial purposes, such as oil drilling and extraction, concrete system.

Global Xanthan Gum Market - Impact of Coronavirus (COVID-19) Pandemic

Xanthan gum is one of the key ingredients in various convenience food products, such as frozen food products, dairy products, bakery goods and ready-to-drink beverages.  Due to lower sales of comfort food products during the lockdown periods, xanthan gum manufacturers saw low demand. Furthermore, in the first half of 2020, the COVID-19 problem had a negative impact on the global xanthan market.

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