The xanthan gum market is driven by factors such as change in lifestyles and increase in consumption of convenience food products, and rise in demand for natural and gluten free food products. Additionally, rise in demand for oil & gas is creating new opportunities for the xanthan gum market.
The xanthan gum market is projected to grow at a CAGR of 3.25% from 2016 to 2022, to reach USD 452.8 Million by 2022.
The food & beverages segment, by application, is estimated to dominate the xanthan gum market in 2016
The food & beverage segment, by application, is estimated to be the largest market for xanthan gum, in 2016. Increase in use of xanthan gum in dairy, bakery, confectionery, sauces & dressings, meat & poultry, beverages, and many other food applications has positively impacted this market.
Thickeners segment is estimated to be the largest market in 2016
The thickeners segment, by function, is estimated to be the largest market in 2016. Increased use of xanthan gum as a thickener in various personal care applications such as shampoos and lotions has been driving its demand over the last few years. Growing demand for xanthan gum in the food & beverages industry for thickening of various food applications such as sauces & toppings, bakery & dairy products, and beverages is expected to increase its demand across the globe.
Xanthan Gum Market by Application (Food & Beverages, Oil & Gas, Pharmaceuticals), Function (Thickeners, Stabilizers, Gelling Agents, Fat Replacers, Coating Materials), Form (Dry, Liquid), and Region – Global Forecast to 2022.
The dry segment, by form, is estimated to be the largest market in 2016
Xanthan gum in dry form is estimated to be the largest market in 2016. Xanthan gum in its dry form has a high demand in pharmaceutical and personal care companies for the manufacturing of products such as tablets and toothpastes, as its dry form is easier to use than its liquid form; and it also enhances the structure of the product. Xanthan gum powder has remarkable increase in demand in food applications such as salad dressings, bakery products, and frozen foods over the last few years.
North American region is estimated to dominate the xanthan gum market in 2016
The North American region is estimated to be the largest market for xanthan gum in 2016. The increase in use of xanthan gum as an emulsifier, flavor enhancer, stabilizer, thickener, and texturizer in the food industry and growth in concern for healthy diet among consumers is fueling the demand for xanthan gum in the North American market. Major demand for xanthan gum from the oilfield sector has been seen due to continuous rise in oil drilling and shale gas production in the North American region.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies.
Leading Companies
Cargill (U.S.), E. I. du Pont de Nemours and Company (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Solvay (Belgium), Fufeng Group Company Ltd (China), CP Kelco (U.S.), Jungbunzlauer Suisse AG (Switzerland), Deosen Biochemical Ltd. (China), and Fuerst Day Lawson (U.K.).
