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Xanthan Gum Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Form and Application

Xanthan Gum Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Form and Application

  • August 2021
  • 138 pages
  • ID: 6154081
  • Format: PDF
  • The Insight Partners

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The xanthan gum market was valued at US$ 576.11 million in 2020 and is projected to reach US$ 827.57 million by 2028; it is expected to grow at a CAGR of 4.7% from 2021 to 2028.

Xanthan gum is a popular food additive that is widely used as a thickening agent or stabilizer.This natural polysaccharide is also used as an industrial biopolymer.

It is one of the most adaptive elastic thickeners, and it works well in small quantities.Xanthan gum is highly soluble in hot and cold water, and it can absorb more water than its weight to form a gel.

Aqueous solutions of xanthan are viscous at low polymer concentrations.Its unique advantages include greater viscosity at low concentrations; insensitivity to temperature, pH, and electrolyte fluctuations; and exhibition of pseudoplasticity.

Xanthan gum is regarded as a non-hazardous ingredient for different brines, drilling, and fracturing fluids.

Based on application, the xanthan gum market is segmented into food & beverages, pharmaceutical & nutraceutical, personal care, oil & gas, and others.The food & beverage segment accounted for the largest market share in 2020, and the pharmaceutical & nutraceutical segment is expected to register the highest CAGR in the market during the forecast period.

In addition to its stabilizing thickening properties, xanthan gum helps prevent oil separation, by stabilizing the emulsion in food products such as dressings and sauces.It is added to ice-creams and other frozen products to enhance their texture.

In bakery and confectionery products, xanthan gum acts as a humectant, texture enhance, and viscosity builder Xanthan gum is a partial substitute to wheat flour as it acts as a binding agent.When employed in gluten-free baking, xanthan gum provides elasticity and stickiness to the dough and mixes.

Gluten-free baked goods may lose their structure and texture if xanthan gum is not employed as a binder. Moreover, to achieve greater shelf stability, cellulose gum and xanthan gum are used most often as stabilizers in RTD beverages. Xanthan gum is also one of the key substitutes to gelatin, which is derived from animal source. The growing trend of veganism is driving the demand for plant-based food ingredients in the food & beverages industry.

Based on region, the xanthan gum market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.Asia Pacific held the largest share of the market in 2020.

The dominance of this region in the global market is primarily attributed to the presence of large-scale production facilities, resulting in high domestic consumption of xanthan gum. An increase in domestic demand for food and beverages, particularly convenience foods, and the growth of countries such as India and China owing to urbanization, rapid economic development, and lifestyle changes would further fuel demand for xanthan gum in the region in the coming years.

A few key players operating in the xanthan gum market are ADM; Cargill, Incorporated; CP Kelco U.S., Inc.; Deosen; Fufeng Group; Hebei Xinhe Biochemical Co. Ltd.; Ingredion; Meihua Holdings Group Co. Ltd.; Solvay S.A.; and Unionchem.

The size of overall global xanthan gum market has been derived using both primary and secondary source.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

Also, multiple primary interviews have been conducted with industry participants to validate the data as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the xanthan gum market.

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