Xanthan gum is a polysaccharide with multiple applications. Its use as a stabilizing and thickening agent in the food & beverage sector can warrant its need highly. The global Xanthan gum market report by Market Research Future (MRFR) contains valuable insights and unwitnessed trends for the period of 2019 to 2024 (forecast period). The effects of the COVID-19 virus and its effects on the production chain have been included as well.

Market Scope

The global Xanthan Gum Market Report is Projected to Reach USD 0.82 Billion by 2030, Exhibiting a CAGR of 4.73% from 2023 to 2030.

The use of the gum in the food industry is likely to drive the market demand significantly. The items using it are baked goods, convenience foods, frozen desserts, confectionery items, and others. This can be attributed to the moisture retention capacity of the polysaccharide and its ability to prolong the shelf life of products. Rising healthcare costs and preference of nutrient-rich foods are likely to drive the global market growth. Regulation permitting the use of the gum as a food additive and as a food for infants will propel the market to new heights.

But alternatives such as guar gum can hamper market growth.

Segmentation

The global Xanthan gum market has been segmented based on form, function, and application.

The global Xanthan gum market has been classified, based on form, as dry and liquid.

The global xanthan gum market has been segregated, based on function, into thickeners, stabilizers, fat replacers, coating materials, and others.

The global xanthan gum market has been divided, based on application, into food & beverages, pharmaceuticals & nutraceuticals, personal care, and others. The food & beverages segment is further bifurcated into bakery & confectionery, beverages, dairy & frozen desserts, sauces, dressings & dips, meat, poultry & seafood, and others.

Regional Analysis

The global xanthan gum market has been analyzed for four key regions—North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

North America is expected to dominate the global market during the forecast period due to various applications and changing lifestyles of consumers. Adoption of healthy foods and avoidance of consumption of foods with synthetic and chemical additives can encourage the global Xanthan gum market in the region. The move by manufacturers in the skincare sector to move to natural or organic ingredients will bode well for the market.

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APAC is touted to register the highest CAGR during the assessment period owing to the large number of consumers. Huge need for baked and confectionery items from Vietnam, China, Malaysia, and India can drive the regional Xanthan gum market growth. Massive demand for natural food additives and application in pharmaceuticals, oil & gas, and cosmetics industries can fuel the global Xanthan gum production in the region.

The xanthan gum market trend has witnessed a notable upward trend driven by its widespread applications across various industries. With its unique properties as a versatile thickening, stabilizing, and emulsifying agent, xanthan gum has found extensive use in the food and beverage sector, especially in gluten-free products. Additionally, its demand has surged in the pharmaceutical and cosmetic industries, where it contributes to improving product texture and stability. As consumers continue to seek clean-label and natural ingredients, the market has responded with an increased emphasis on producing xanthan gum through sustainable and eco-friendly processes. This sustainable focus, coupled with its functional benefits, is likely to sustain the growth momentum of the xanthan gum market in the foreseeable future.

Competition

Hebei Xinhe Biochemical Co Ltd, Fufeng Group Ltd., Cargill, Incorporated, The Zoranoc Oilfield Chemical, Fuerst Day Lawson, Kelco U.S., Inc., Meihua Holdings Group Co., Ltd., Vanderbilt Minerals, LLC., FMC Corporation, Jungbunzlauer Suisse AG, Archer Daniels Midland Company, Deosen Biochemical Ltd, Solvay, Ingredion Incorporated, and DuPont de Nemours, Inc. are key players of the global xanthan gum market. Joint ventures and partnerships are expected to be major strategies of players to sustain in the market.

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