The Xanthan Gum Market has been growing at a faster pace with significant growth rates during the last few years and is anticipated to grow significantly in the forecast period from 2021 to 2027.
The global Xanthan Gum market was valued at 5.33 billion in 2019 and is projected to reach USD14.34 billion by 2027, growing at a CAGR of 14.2% from 2020 to 2027.
Xanthan gum is a polysaccharide which is majorly used as a food additive. The growing importance regarding inclusion of natural ingredients in bakery and confectionery products is expected to drive market demand. The shear thinning ability of Xanthan gum is a major driver for its multifunctional use.
1. Market Drivers
1.1 Multifunctionality of xanthan gum
1.2 Rising demand for convenience goods
1.3 Growing demand for natural food additives
2. Market Restraints
2.1 Rising popularity of guar gum
The global Xanthan Gum market is segmented on the function, application, and region.
1. By Function:
1.3 Gelling Agents
1.4 Coating Materials
1.5 Fat Replacers
2. By Application:
2.1 Oil and Gas
2.2 Pharmaceutical Products
2.3 Food and Beverages
2.3.1 Sauces and Dressing
2.3.5 Meat and Poultry
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. EI Du Pont De Nemours
2. Archer Daniels Midland Company
3. Fufeng Group
4. Cp Kelco
5. Jungbunzlauer Suisse AG
6. Fuerst Day Lawson
7. Deosen Biochemical Ltd.
8. Ingredion Incorporated
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Xanthan Gum market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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