Some of the major players of global xanthan gum market comprise Cargill, Fufeng Group Company Ltd, Archer-Daniels-Midland Company, Hebei Xinhe Biochemical Co Ltd, Gum Technology Corporation, Deosen Biochemical Ltd, DuPont, Meihua Holdings Group Co. Ltd, Wego Chemical Group CP Kelco U.S. Inc, and Jungbunzlauer AG. These players have a lion’s share in the development of the global xanthan gum market.
Analysts at Zion Market Research claim that the global xanthan gum market was accounted for USD 880.5 Million in 2015. The global xanthan gum market is likely to cross USD 1,269.6 Million by 2021 and is expected to develop at a CAGR of 6.2% from 2016 to 2021.
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Rapidly Developing Demand From The Food Sector To Power The Xanthan Gum Market
“The global xanthan gum market is majorly powered by rapidly developing demand from the food sector all over the world,” as per the analysts of Zion Market Research. In addition to this, rising employment of xanthan gum in gas & oil sector is likely to drive the demand for xanthan gum market in years to come. On the other hand, the possible threat of replacement from guar gum is likely to unenthusiastically affect the growth of xanthan gum market. Nevertheless, elevated investment in R&D by key players is expected to create new growth opportunities for the xanthan gum market manufactures in the years to come.
Various R&D activities by government and academic bodies is also expected to fuel the xanthan gum market development. For example, in 2016, a study discovered that xanthan gum can lower the rice’s glycemic index. After a bunch of people consumed rice that was layered with xanthan gum, their levels for blood sugar were reduced. This will power the growth of xanthan gum market.
Developing Infrastructure And Enhancing Techs To Maintain The Growth Of Xanthan Gum Market In Asia Pacific
Area-wise, Asia Pacific was the biggest area for xanthan gum market in 2015. It added up for over 50% share of the entire volume of xanthan gum market. In addition to this, the trend is likely to sustain in forecast period. The growth of xanthan gum market in the region is majorly credited by developing infrastructure and enhancing techs for gas & oil production particularly in emerging nations such as India, China, and Japan. Asia Pacific was chased by Europe and North America in 2015. Europe and North America are expected to have decent development for xanthan gum in years to come. In addition to this, Middle East and Africa as well as Latin America are planned to see the moderate development for xanthan gum market due to the increasing demand for gas & oil fracturing procedure. The growth of xanthan gum market is also credited to emerging food & beverages sector in the area in the years to come.
The global xanthan gum market is segmented as follows:
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