According to study, “World
Xanthan Gum Market Research Report 2024(Covering North America, Europe,
China, South East Asia, Japan and India)” the key companies operating in the
world xanthan gum market areKelco U.S., Inc., Cargill Inc., ADM, Solvay, FMC Corporation,
Gum Technology, DuPont Danisco, Vanderbilt Minerals, LLC, Jungbunzlauer Suisse
AG, TIC Gums, Deosen Biochemical Ltd., Fufeng Group Ltd., MeihuaHoldings Group
Co., Ltd., Archer Daniels Midland Company, The Zoranoc Oilfield Chemical, Qingdao
Unionchem Co Ltd., CpKelco, Fuerst Day Lawson, HebeiXinhe Biochemical Ltd.,Sancho
& Lee Co. Ltd., Ingredion Incorporated. Key companies are increasingly
investing in research & developments (R&D) activities and focusing
aggressively on initiating new strategies to boost global business reach.
Xanthan gum is a polysaccharide (natural) and an important
industrial biopolymer, also known as bacterial polysaccharide, and corn sugar
gum. It is one of the most flexible elastic thickeners which performs well in
lesser quantities. It is highly soluble in both cold & hot water and has
the ability to fascinate more water than its own weight & capability to
form a gel. It is highly viscous at low polymer concentrations. It is commonly
used as a stabilizing & thickening agent in a wide variety of food or
industrial products. Moreover, it is considered as a safe additive for a wide
range of drilling, brines, and fracturing fluids. The key properties are high
viscosity at low concentrations, pH & electrolyte variations, insensitivity
to a wide range of temperature, and pseudo plasticity.
Based on form type, xanthan gum market is segmented
into liquid form and dry form. Based on function type, market is segmented into
thickeners, gelling agents, stabilizers, coating materials, fat replacers and
other functions. In addition, based on application, market is segmented into
food & beverages, pharmaceutical & personal care, oil & gas and
other applications. Food & Beverages segment is further sub-segmented into bakery
products, sauces & dressings, confectionery products, beverages, meat &
poultry products, dairy products and others.
The xanthan gum market is driven by increase in
demand for gluten-free products, followed by rise in demand in food &
beverages industry, rise in disposable income, increase in availability of
shale gas & tight oil, growth in awareness towards the effective binding
properties, expansion of retail stores, rise in environment friendly
characteristics of the product,multi-functionality of xanthan gum resulting in
various application areas and change in consumer preference coupled with rise
in consumption of convenience food products. However, anti-dumping policies on
xanthan gum and high cost of xanthan gum & availability of relatively cheap
substitutes may impact the market. Moreover, growth in production of xanthan
gum using inexpensive &abundantly available raw materials and increase in
demand for oil & gas drilling are key opportunities for market.
Based on geography, China and India countries hold
major share inxanthan gum market owing to rise in developments in oil & gas
production and increase in processed food production in the countries. USA
country is expected to witness higher growth rate due to rise in adopting
healthy food habits and increase in awareness to maintain a healthy lifestyle
over the forecast period. The global market is expected to grow at a
significant rate of 4.5% from 2019 to 2024 to extent a market value of US $1.2
billion by the end of 2024.
For more information on the research
report, refer to below link:
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