Xanthan Gum Market Size, Share, Top Key Players Update, Sales and Forecast to 2024

Market Insight

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.

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Key Players

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.

Segmentation

Global Xanthan Gum Market has been segmented based on form, function, and application.

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

Global COVID-19 Impact on 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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