Global Xanthan Gum Market Size worth $1.1bn by 2023

Xanthan Gum Market size is anticipated to reach USD 1.1 billion by 2023; according to a new research report by Global Market Insights, Inc.
 

Increasing demand for additives that offer high multifunctionality and minimal environmental impact is likely to drive the xanthan gum market growth. These products are rich in fiber, carbohydrates and are naturally derived which has substantially boosted their rise from food & beverage industry. Furthermore, the product enhances the freeze thaw stability, increases longevity & viscosity of liquids with extremely low concentration and result in the formation of a more stabilized finished product which is likely to foster the market size.


 

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Xanthan gum offers effective stabilizing & emulsifying properties which makes it a useful cooking additive in bakery products. The product is also used as a thickening agent for various industrial purposes pertaining to its unique functionality and high stability over extreme temperature fluctuations. Growing preference for natural emulsifiers owing to their negligible environmental impact shall further drive the market growth.
 

Europe Xanthan Gum Market Size, By Application, 2015 & 2023, (Kilo Tons)
Xanthan Gum Market

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Food & beverages application demand may observe gains at over 5.5% by 2023. The product offers a pleasant texture in food & beverages which makes it useful for various salad dressings, ice creams, frozen foods and sauces. It prevents oil separation in food products owing to its emulsifying property and enhances the viscosity of beverages, thereby boosting the xanthan gum market value.
 

Cosmetics application segment is expected to surpass USD 35 million during the projected timespan. These products function as binders and emulsion stabilizers in cosmetics owing to their ability to prevent ingredients from coming apart. In addition, they also work as viscosity increasing agent by enhancing the thickness and make the product easier to spread and less runny to provide optimal texture. Increasing consumer inclination towards natural ingredients in cosmetics owing to safe to use and allergy free nature shall propel the product demand in the industry.
 

Browse key industry insights spread across 90 pages with 62 market data tables and 17 figures & charts from the report, “Xanthan Gum Market Size By Application (Oil & Gas, Food & Beverages, Pharmaceutical, Cosmetics), Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/xanthan-gum-market
 

North America xanthan gum market growth from pharmaceutical application is likely to record gains at over 5% during the forecasted time period. Increasing expenditure on R&D has boosted the invention of new drugs which is likely to drive the product revenue in the region. Rising government initiatives to reduce taxes and prices of medicinal drugs has further enabled their consumption from various consumer segments which shall stimulate the market size.
 

Europe xanthan gum industry from food & beverages application USD 110 million by 2023. Growing innovations in the development of natural & healthy ingredients and growing consumer preference for allergy-free additives in bakery & food products is likely to drive the market. Increasing incidences of gluten intolerance has shifted consumer inclination towards gluten free food & beverages which has created ample opportunities for the market growth.
 

Asia Pacific xanthan gum market size from oil & gas application may witness significant growth of about 6% during the forecasted timespan. Rising oil extraction activities pertaining to huge demand for crude oil end use products such as gasoline, diesel is likely to boost the product growth. Increasing spending by oil & gas companies to enhance the exploration activities has created favorable opportunities for the product demand from industry.  Growing energy needs pertaining to increasing industrialization shall boost the production of oil & gas which shall accelerate the market growth.
 

CP Kelco, Gum Technology Corporation, Deosen Biochemical Ltd, Cargill, Archer Daniels Midland and Solvay Group are key industrial participants in the market. Companies are focusing to enhance their business by strategic partnerships & collaborations with focus on R&D to improve the product portfolio.
 

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The xanthan gum research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Tons and revenue in USD from 2012 to 2023, for the following segments:

By Application

  • Oil & gas
  • Food & beverages
  • Pharmaceutical
  • Cosmetics
  • Others

The above information is provided on a regional basis for the following:

  • North America
  • Europe
  • Asia Pacific
  • LATAM
  • MEA                

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