Xanthan Gum Market Overview:
Global Xanthan Gum Market was valued at $722 million in 2016 to reach $1,076 million by 2023, and is anticipated to grow at a CAGR of 5.9% from 2017 to 2023. Xanthan gum is a natural polysaccharide and an important industrial biopolymer. It is one of the most adaptable elastic thickeners, and performs well in small quantities. It is highly soluble in both hot and cold water and has the ability to absorb more water than its own weight and capability to form a gel. These solutions are highly viscous at low polymer concentrations. It possesses unique properties, such as high viscosity at low concentrations, insensitivity to a wide range of temperature, pH & electrolyte variations, and pseudoplasticity. It is most commonly used as a stabilizing and thickening agent in a wide variety of food and industrial products. Moreover, it is considered as a non-hazardous additive for a wide range of brines, drilling, and fracturing fluids.
The factors that drive the market growth are demand from food & beverages industry, rise in demand for gluten-free food products, multi-functionality of xanthan gum, change in consumer preferences, and rise in consumption of convenience food. However, high cost of xanthan gum & availability of relatively cheap substitutes and anti-dumping policies on xanthan gum hamper the market growth during the forecast period. Increase in demand for oil & gas drilling and production of xanthan gum using inexpensive & abundantly available raw materials is expected to provide a substantial growth opportunity in the near future.
The report emphasizes on the different applications of xanthan gum, which include food & beverages, medical, personal care & cosmetics, oil & gas, and others. Based on function, the market is classified into thickening agent, stabilizing agent, suspending agent, fat replacer, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In addition, it highlights various factors that impact the growth of the global market, such as key drivers, restraints, growth opportunities, and the role of different key players. It presents the quantitative data, in terms of both value and volume, which are obtained from the secondary sources, such as company publications, Factiva, Hoovers, OneSource, and others.
Global Xanthan Gum Market Segmentation
Asia-Pacific dominates the global xanthan gum market, in terms of both value and volume. Moreover, Asia-Pacific is expected to witness the highest growth rate from 2017 to 2023, owing to the rapid economic development and urbanization in countries, such as China, India, Indonesia, and Vietnam. In addition, increase in processed food production and developments in oil & gas production in China and India are expected to boost the Asia-Pacific xanthan gum market growth.
Xanthan Gum Market Share, By Geography, 2016 (%)
Top Investment Pockets
The food & beverages segment is the most lucrative in the market, followed by oil & gas segment. There is an increased use of xanthan gum in food & beverages applications, such as sauces & dressings, meat & poultry products, bakery products, confectionery products, beverages, dairy products, and others. Moreover, it is used to comply with todays need for food, such as texture, unique appearance, flavor release, viscosity, and water-control properties.
Top Investment Pockets
Asia-Pacific Xanthan Gum Market Size
Asia-Pacific witnessed the highest demand for xanthan gum, owing to the increase in processed food production and developments in oil & gas production in China and India. Furthermore, the rapid growth of functional foods market is expected to open new avenues for xanthan gum. China dominated the Asia-Pacific xanthan gum market in 2016, in terms of both value and volume.
China Xanthan Gum Market Growth, 2016-2023 ($Million)
The key players profiled in the report are Fufeng Group Company Ltd., CP Kelco, Cargill, Inc., Solvay S.A., E. I. Du Pont De Nemours and Company, FMC BioPolymer, MeiHua Holdings Group Co., Ltd., Archer Daniels Midland Company, Ingredion Incorporated, and Zoranoc Oilfield Chemical.
The other major players (not profiled in report) in the market include Deosen Biochemical Ltd., Fuerst Day Lawson, Aurorachem, Hebei Xinhe Biochemical Co., Ltd., Jungbunzlauer Suisse AG, Qingdao Great Chemical, Jianiong Biochemical, Weifang Santi Chemical Co., Ltd., Vasundhara Industries, and Carst & Walker.
Key Market Benefits
- This report provides an extensive analysis of the current and emerging market trends and dynamics of the global xanthan gum market.
- The market trend analysis for all the regions is conducted by constructing estimations for key segments between 2017 and 2023 to identify the prevailing opportunities.
- The report assists to understand the strategies adopted by the leading companies in the industry.
- This study evaluates competitive landscape of the xanthan gum industry to understand the market scenario globally.
- Extensive analysis is conducted by key player positioning and monitoring the top competitors within the global market.
Xanthan Gum Market Key Segments:
- Food & Beverages
- Sauces & Dressings
- Meat & Poultry Products
- Bakery Products
- Confectionery Products
- Dairy Products
- Oil & Gas
- Personal Care & Cosmetics
- Thickening Agent
- Stabilizing Agent
- Suspending Agent
- Fat Replacer
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA