Xanthan Gum Market to Garner $0.82 Billion, Globally, By 2030 at 4.73% CAGR, Says MRFR

Global Xanthan Gum Market Overview:

The xanthan gum market will grow vibrantly during the next few years. The rising consumption of xanthan gum in the burgeoning pharmaceuticals and personal care industries would accelerate the market size. Market Research Future (MRFR) confirms that the global xanthan gum market value is poised to escalate from USD 0.6 BN in 2022 to USD 0.82 BN by 2030, registering a 4.73% CAGR during the forecast period (2023-2030).

Besides, the growing demand from food & beverages, pharmaceutical, and personal care product industries substantiate the Xanthan Gum Market shares. Xanthan gum is extensively used as a thickener, stabilizer, fat substitute, coating material, and gelling agent in food & beverages, pharmaceuticals, personal care products, fertilizers, detergents, and adhesives & sealants.

Also, the expanding availability of oil and shale gas products due to hydraulic fracturing and other technological breakthroughs boosts the xanthan gum market size. The global wine market has been growing continuously over the past few years and is expected to keep growing, driving the demand for xanthan gum excellently. Also, the evolution of consumer choices in wine fosters market demand.

Moreover, the high preference for natural ingredients in the food and beverage sectors drives the growth of the market. Due to its high dietary fiber contents, xanthan gum is used in medicines promoting healthy digestion and bowel movement. Xanthan gum is increasingly used in medicines, nutraceuticals, and personal care products as a stabilizer and suspending agent.

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Global Xanthan Gum Market – Segments:

The report is segmented into forms, functions, applications, and regions. The form segment is sub-segmented into dry and liquid. The function segment is sub-segmented into thickener, stabilizer, fat replacer, coating material, and others. The application segment is sub-segmented into pharmaceuticals & nutraceuticals, food & beverages, personal care, and others. By region, the xanthan gum market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.

Global Xanthan Gum Market – Regional Analysis:

North America dominates the global xanthan gum market. Increased drilling operations to meet the growing demand for petroleum and petroleum-based products in North America are likely to strengthen the oil & gas sector and the market’s expansion. The anticipated consumption of petroleum and other liquid fuels will substantiate the region’s xanthan gum market shares.

Also, prominent consumer markets such as the US and Canada boost the xanthan gum market size. Large technological advances in refining techniques increase xanthan gum market revenues. The rising consumption of xanthan gum in confectionery products drives the xanthan gum market growth. Furthermore, rising demand from the food and beverage sector fosters regional market growth.

Global Xanthan Gum Market – Competitive Analysis:

The rapidly growing market for xanthan gum appears highly competitive, with many well-established players forming a competitive landscape. These players incorporate strategies such as mergers & acquisitions, collaboration, expansion, and product launches to gain a larger competitive share. Players invest substantially in R&D and trials to develop new processes. This market demonstrates good growth prospects expected to attract new entrants, further intensifying the market competition.

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Major Players:

Leading xanthan gum market players include Solvay S.A., Cargill, Deosen, Ingredion, Fufeng Group, Hebei Xinhe Biochemical Co. Ltd., Meihua Holdings Group Co. Ltd., CP Kelco, Unionchemm, and Archer and Daniels Midland Company, among others.

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