Global Xanthan Gum Market Size Insights Forecasts to 2032

• The Global Xanthan Gum Market Size was valued at USD 0.58 Billion in 2022.
• The Market Size is growing at a CAGR of 5.2% from 2022 to 2032
• The Worldwide Xanthan Gum Market Size is expected to reach USD 0.96 Billion by 2032
• Asia Pacific is expected to grow the fastest during the forecast period

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The Global Xanthan Gum Market Size is anticipated to exceed USD 0.96 Billion by 2032, growing at a CAGR of 5.2% from 2022 to 2032.

The Global Xanthan Gum Market Size is being driven by the increased use of xanthan gum as an egg substitute in the food and beverage industries.  Furthermore, because of its multifunctionality, xanthan gum has an extensive number of applications, and an increase in the consumption of convenience foods is propelling the xanthan gum market.           

 

Market Overview

Xanthan gum is a polysaccharide produced by the fermentation of sugar with the bacteria xanthomonas campestris, which gives the product its name. It is frequently employed as a stabilizer and thickening agent in products such as ice cream, toothpaste, and gluten-free goods. Other applications for xanthan gum include the oil industry to thicken drilling fluid, cosmetics to prepare water gels, and the manufacture of diabetes medications. Xanthan gum has no known adverse effects on human beings and has been authorized for use in foods and beverages by the FDA and ESFA. Because of its resistance to thermal deterioration and good compatibility with salts, xanthan gum is widely used as a binding agent and thickener. It is a natural, safe, and effective gluten substitute. Xanthan gum is gluten-free and vegan. As a result, global demand for xanthan gum is increasing rapidly. The widespread use of xanthan gum can be attributed to its distinct physicochemical properties. Because producing gum from synthetic media is expensive, several manufacturers are attempting to produce it from agricultural and food industry wastes.   

 

Report Coverage

This research report categorizes the market for the global xanthan gum market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the xanthan gum market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the xanthan gum market.

 

Driving Factors

One of the most significant factors driving the xanthan gum market is the growing demand for gluten-free products. Xanthan gum is an essential ingredient in the production of gluten-free products such as baked pastries, sauces, and dressings. As more people become aware of celiac disease and gluten sensitivity, they seek gluten-free alternatives. Xanthan gum gives gluten-free products a distinct texture and stability, making it a perfect substitute for wheat flour, which has been utilized in a variety of foods. The gluten-free product segment is projected to fuel the growth of the xanthan gum market in the coming years.

 

Restraining Factors

Xanthan gum is created by fermenting carbohydrates such as maize, wheat, soy, and dairy products. Obtaining these raw materials can be challenging due to weather conditions, crop yields, and other factors that influence their availability and quality. Droughts and floods, for example, can have substantial effects on agricultural yields, potentially disrupting the supply chain for xanthan gum producers.

 

Market Segmentation

The Global Xanthan Gum Market share is classified into form, function, and application.

• The dry segment is expected to account for the largest share of the global xanthan gum market during the forecast period.             

The global xanthan gum market is categorized by form into dry and liquid. Among these, the dry segment is expected to account for the largest share of the global xanthan gum market during the forecast period. The xanthan gum dry segment is a granule that is easy to store, use, and transport. Dehydrated fermented xanthan gum is used to make this segment. Because of its simple storage and handling characteristics, the dry segment has gained popularity in the food and beverage sector. It is used as a thickener, stabilizer, and emulsifier in a variety of culinary and beverage products.

 

• The thickener segment is expected to hold the largest share of the global xanthan gum market during the forecast period.                  

Based on the function, the global xanthan gum market is divided into thickener, stabilizer, fat replacer, coating material, and others. Among these, the thickener segment is expected to hold the largest share of the global xanthan gum market during the forecast period. The Thickeners Segment contains an improved form of xanthan gum that has numerous industrial applications. It is primarily used as a thickener, but because of its viscosity and suspension properties, it can be used in a variety of applications such as petroleum, pharmaceuticals, textiles, and personal care items.    

 

• The food & beverages segment is expected to hold the largest share of the global xanthan gum market during the forecast period.    

Based on the application, the global xanthan gum market is divided into food & beverages, pharmaceuticals & nutraceuticals, personal care, and others. Among these, the food & beverages segment is expected to hold the largest share of the global xanthan gum market during the forecast period. Xanthan gum is frequently utilized as a thickener, stabilizer, and emulsifier in the food and beverage industries. Its properties allow it to be used in a variety of culinary and beverage products, such as sauces, bakery goods, and beverages. Because of its properties, xanthan gum can be used in a wide range of culinary and beverage products, meeting a wide range of consumer needs and preferences.     

 

Regional Segment Analysis of the Global Xanthan Gum Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America holds the largest share of the global xanthan gum market in 2022.

 

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North America holds the largest share of the global xanthan gum market in 2022. The United States is a major contributor to the regional xanthan gum market's expansion. The country has the largest market share owing to the existence of numerous xanthan gum producers and the increasing demand for processed foods. Furthermore, the North American oil and gas industry is expected to contribute to the expansion of the xanthan gum market. Xanthan gum is frequently utilized as a drilling fluid additive in the oil and gas industry. It provides numerous benefits, including improved fluid loss control, improved suspension properties, and improved wellbore stability.   

Asia Pacific is expected to grow at the fastest pace in the global xanthan gum market during the forecast period. The increasing rivalry of cosmetic industry players, as well as the high demand for quality skin conditioning agents, are driving growth. Because of the increased awareness of dermatological conditions, consumers in the region are also shifting toward high-quality cosmetic preparations. Xanthan gum can help the skin retain moisture and reduce the appearance of wrinkles, fine lines, and patches, which may influence regional industry demand.   

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global xanthan gum market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Cargill, Inc.
• Archer Daniels Midland Company
• Fufeng Group Company Limited
• DuPont
• Solvay S.A.
• MeiHua Holdings Group Co., Ltd.
• Jungbunzlauer Suisse AG
• CP Kelco
• Hebei Xinhe Biochemical Co., Ltd.
• Deosen
• Zoranoc Oilfield Chemical
• Jianlong Biotechnology Co., Ltd.
• FMC BioPolymer
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In July 2022, CP Kelco disclosed a significant increase in bio-gum production capacity, with a focus on the xanthan gum market in particular. In order to meet the rising demand for this versatile hydrocolloid, the company is expanding its facilities in both the United States and China.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Xanthan Gum Market based on the below-mentioned segments:

 

Global Xanthan Gum Market, By Form

• Dry 
• Liquid

 

Global Xanthan Gum Market, By Function

• Thickener
• Stabilizer
• Fat Replacer
• Coating Material
• Others

 

Global Xanthan Gum Market, By Application

• Food & Beverages
• Pharmaceuticals & Nutraceuticals
• Personal Care
• Others

 

Global Xanthan Gum Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa