Global Xanthan Gum Market Trends, Applications, Analysis, Growth, and Forecast to 2028

Global Xanthan Gum Market Report Overview:

“The global Xanthan gum Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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Xanthan gum is a water-soluble natural gum made by bacterial fermentation and used as an extender, stabilizer, or binder in food and others. It has excellent stabilizing and thickening properties that helps to suspend solid particles and prevent oil separation. Xanthan gum helps lower blood sugar, reduce cholesterol, treat dry mouth, and support gastrointestinal function.

Global Xanthan Gum Market: Dynamics

Increasing demand for xanthan gum from various industries such as food & beverages and oil & gas is a major factor expected to drive the global xanthan gum market's growth in the coming years. In addition, increasing demand for processed and convenience food is another factor expected to further fuel the growth of the global market to a significant extent over the forecast period.

Moreover, increasing oil well drilling projects across the globe and growing demand from the pharmaceutical industry due to its therapeutic properties are other factors that further boost demand for xanthan gum in the target market.

The availability of substitutes such as chia seeds, psyllium fiber, guar gum, etc., is a major factor restraining the growth of the global xanthan gum market. In addition, stringent regulations and statutes regarding the anti-dumping of xanthan gum in various countries is another factor expected to hamper the growth of the global market.

Increasing activities and investments for R&D in pharmaceutical and oil & gas industries are expected to create new opportunities for players operating in the target market.

Global Xanthan Gum Market: Segment Analysis

Among form segments, the dry segment is projected to account for significant growth in terms of revenue in the target market. The thickeners segment is expected to account for a significant revenue share in the target market, owing to its unique properties.

Among application segments, the food & beverages segment is expected to register a major revenue share and is projected to grow faster in the target market. This can be attributed to the increasing demand for processed and convenience food across the globe.

Global Xanthan Gum Market: Region Analysis

The North American market dominates the global xanthan gum market in terms of revenue and is expected to maintain its dominance in the next ten years. Rapid industrialization, coupled with increasing development in the oil & gas industry, and government initiatives for various exploration activities, are major factors driving the growth of the North American xanthan gum market.

The Europe market is expected to account for considerable revenue share in the global market in years to come. Increasing demand from the food & beverages industry is a key factor expected to drive the growth of the Europe xanthan gum market.

The Asia Pacific xanthan gum market is expected to register the fastest growth rate in the global market in the next ten years, owing to increasing population, high spending capacity, and rising demand for convenience food. In addition, increasing government funding in pharmaceutical & personal care industries in countries such as China, India, and others is another factor expected to drive the growth of the Asia Pacific market.

Global Xanthan Gum Market Segmentation:

Segmentation based on Form:

• Dry
• Liquid

Segmentation based on Function:

• Thickeners
• Stabilizers
• Gelling Agents
• Fat Replacers
• Coating Materials
• Others

Segmentation based on Application:

• Food & Beverages
• Oil & Gas
• Pharmaceuticals & Personal Care
• Others (Adhesives, Textiles, and Others)

Segmentation based on Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa