The xanthan gum market was valued at over USD 960 million in 2019 and is expected to increase at a CAGR of over 6% between 2020 and 2026. Increased gluten intolerance and fast adoption of healthy snacks within the food and beverage industry are expected to boost product demand over the forecast period.
Xanthan gum is a polysaccharide made by fermenting sugar with alcohol plus Xanthomonas campestris bacterium. It’s employed in various industries, including cosmetics, food and beverage, pharmaceuticals, and oil and gas. To acquire a competitive advantage in the xanthan gum market, industry players quickly invest in creating novel extraction processes and indigenous technology.
The worldwide xanthan gum market is bifurcated into several categories. Form, applicability, and functions are among these foundations.
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Depending On The Application
Nutraceuticals, food and beverages, personal care, cosmetics, oil, and gas, plus pharmaceuticals are all segments of the worldwide xanthan research industry. Among the food, beverage segments are bakery, sauces, confectionery, dairy, frozen desserts, beverages, dressings, dips, poultry, meat, seafood, and others. The manufacturing of other consumer items, such as paints, cleaners and detergents, paper textiles, fertilizers, and coatings, is also included in the application segment. Xanthan gum is likewise utilized in the production of adhesives and sealants and all of the above uses. Xanthan gum is known for its high viscosity, making it an excellent adhesive.
Depending On The Form
Dry and liquid xanthan gum make up the global xanthan gum market.
Based On The Purpose
The global xanthan gum market is divided into fat replacers, thickness stabilizers, coating materials, and others based on function.
Depending On The Location
The global xanthan gum market is divided into several regions, including North America, Asia-Pacific, Europe, Latin America, the Middle East, plus Africa.
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The xanthan gum market research market analysis is divided into four regions: North America, Asia Pacific, Europe, and the rest of the globe. The value of the worldwide xanthan market is reported to be dominated by North America. According to this data, North America has the biggest xanthan gum market share. It is because of consumers’ desire to live a healthy lifestyle and adopt good eating habits. Furthermore, consumers avoid eating foods that have been exposed to artificial activities. Furthermore, there is a rising concern in North America regarding using chemical ingredients in skincare products.
As a result, individuals avoid all manufactured products containing chemicals. More and more individuals in North America are choosing natural, eco-friendly additions in cosmetics, fueling the expansion of xanthan gum.
In the anticipated period of 2020 to 2028, Asia-Pacific is expected to have the greatest CAGR. The xanthan gum market will soon have a sizable consumer base.
Increased competition in the food and beverage industry and a quick transition to gluten-free snacking are expected to raise product demand. To capitalize on rising market trends, industry companies aggressively invest in new manufacturing development by providing snacks supplemented with xanthan gum. Furthermore, shifting consumer ideas of health and nutrition and growing demand for easily digested solutions may boost xanthan gum demand.
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