PUBLISHER: Allied Market Research | PRODUCT CODE: 1397051
PUBLISHER: Allied Market Research | PRODUCT CODE: 1397051
The Xanthan Gum Market was valued for $0.8 billion in 2018 and is estimated to reach $1.6 billion by 2032, exhibiting a CAGR of 5.9% from 2023 to 2032.
Xanthan gum is used in various end-use industries due to its versatile properties as a thickener, stabilizer, and texturizer. The food & beverage industry is one of the primary consumers of xanthan gum. It is used in a wide range of products, including sauces, dressings, soups, bakery items, dairy products, beverages, and processed food. Xanthan gum helps improve texture, stability, and mouthfeel in these products. Furthermore, xanthan gum is used in personal care products such as lotions, creams, shampoos, and toothpaste. It contributes to desired textures, stabilizes formulations, and enhances the overall sensory experience. Moreover, xanthan gum is used in water-based paints and coatings as a thickener and stabilizer to improve the consistency and flow properties of the products.
Increase in demand for xanthan gum in food and beverage industry
Xanthan gum possesses extraordinary properties as a thickener & stabilizer, owing to these properties it is widely utilized in food & beverage applications. In the food industry, xanthan gum helps in the formulation of innovative product development and is widely utilized in salad dressing, bakery products, range of convenience food, soups, sauces, frozen food, and dairy products including many others. It is an ideal stabilizer to use in salad dressings. In frozen food, it offers better frozen stability, improves texture, and stabilizes emulsions. Furthermore, in bakery products, it improves texture, binds water, and provides easy pourability. Moreover, it is extensively used in low-calorie products to improve texture, bind water, and improve mouthfeel without adding calorie value. Globally, rapid increase in disposable income, change in food preferences, and rise in demand for ready-to-eat meals such as soup & breakfast cereal are responsible for the expansion of the food industry. This in turn increases the demand for xanthan gum as a thickening & stabilizing agent in the food industry and it is expected to drive the global xanthan gum market during the forecast period.
In addition, the demand for convenience food continues to rise globally. Xanthan gum helps maintain the quality and stability of processed food, ensuring they retain their intended texture and appearance throughout their shelf life. This in turn increases the demand for xanthan gum as a thickening & stabilizing agent and it is expected to drive the global xanthan gum market during the forecast period.
The xanthan gum market is segmented into form, grade, end-use industry, and region. On the basis of form, the market is bifurcated into liquid and powder. On the basis of grade, the market is segregated into food grade, industrial grade, pharmaceutical grade, and others. On the basis of end-use industry, it is categorized into food & beverage, oil and gas, pharmaceutical, personal care & cosmetics, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include Cargill Incorporated, DuPont De Nemours, Inc., The Archer-Daniels-Midland Company, Foodchem International Corporation, Deosen Biochemical Ltd., Tate and Lyle PLC Ingredion Incorporated, CP Kelco ApS, Solvay S.A. and C.E. Roeper GmbH. These players have adopted product launch as their key strategy to strengthen their presence in the market
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