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Global Xanthan Gum Market Insight 2022-01-05 Comments

According to the World Knowledge Information (WKI) Global Xanthan Gum Professional Survey Report 2021, Forecast to 2026, the global xanthan gum market is expected to grow at a compound annual growth rate of 5% during the forecast period. The factors to drive the xanthan gum market is the rising demand from food and beverage industries. The exponential growth in population has propelled the consumption of food, thereby increasing demand for xanthan gum. The growth of the end-user industry is the main driving force of the global xanthan gum market.

Analysts’ Viewpoint:
“Although the epidemic has had a certain impact on the xanthan gum market, with the recovery of the industrial chain, the market’s demand for xanthan gum continues to increase. In addition, the epidemic has changed the structure of the industry. If market participants want to gain a favorable competitive advantage, they must constantly try new extraction methods and product development technologies.” said Mark, a senior analyst at the WKI Chemical and Materials Market Research Center.

Market insight:
Xanthan gum is a polysaccharide with many industrial uses, including as a common food additive. It is an effective thickening agent and stabilizer to prevent ingredients from separating. In the food industry, xanthan gum is widely used in a variety of products for gluten-free Baking processes such as biscuits, cakes and pancakes, muffins and instant breads, bread, pizza dough and salad dressings. Among them, xanthan gum is widely used in the preparation of pizza dough. Increasing competition in the food and beverage industry and the rapid transition to gluten-free snacks will increase the demand for xanthan gum products. In addition, consumers’ perceptions of health and nutrition have changed, and the demand for digestible solutions has continued to increase, which may also promote the xanthan gum market demand.

Guar gum usage as a substitute for xanthan gum acts as the major restraining factor for the market. Guar gum is also a polysaccharide derived from natural sources and has properties and applications similar to xanthan gum. Also, xanthan gum is generally more expensive in comparison to guar gum. Thus, it creates a potential threat to the xanthan gum market.

Competition Landscape:
A few of the major players operating in the global xanthan gum market include ADM, Cargill Inc.; CP Kelco; Deosen; Fufeng Group; Hebei Xinhe Biochemical Co. Ltd.; Ingredion Inc.; Unionchem; SNP Inc.; and Solvay. The major players are focused on strategies such as mergers and acquisitions, and research and development to increase the geographical presence and consumer base globally.

Segmentation of Xanthan Gum Market:
Based on form, the xanthan gum market is segmented into dry and liquid. The dry segment held a larger market share. Dry xanthan gum, a polysaccharide derived from the Xanthomonas campestris through the fermentation process, works as an excellent thickening, suspending, and stabilizing ingredient. Dry xanthan gum disperses fast and forms a viscous, stable solution, when mixed with any liquid. Moreover, xanthan gum powders are used in liquids to improve their viscosity, hydration, and clarity. Xanthan gum in dry form is soluble in, both, hot and cold liquids.
Based on application, the xanthan gum market is segmented into food and beverages, oil and gas, pharmaceuticals and nutraceuticals, personal care, and others, and the food segment dominated the market. In addition to its stabilizing thickening properties, xanthan gum helps prevent oil separation, by stabilizing the emulsion in food products such as dressings and sauces. It is added to ice-creams and other frozen products to enhance their texture. In bakery and confectionery products, xanthan gum acts as a humectant, texture enhance, and viscosity builder Xanthan gum is a partial substitute to wheat flour as it acts as a binding agent. When employed in gluten-free baking, xanthan gum provides elasticity and stickiness to the dough and mixes.

Xanthan Gum Market: Regional Analysis
The global xanthan gum market has been subdivided into North America, Europe, Asia Pacific, Latin America and the Middle East. The emerging market for xanthan gum is growing, and due to changes in lifestyle and increasing population, it creates huge potential for the processed food industry. Economic growth in India and China has led to an increase in urban populations and an increase in disposable income, creating a larger market for convenience foods and ready-to-eat foods.

Cagr: 5%
Largest share area:Asia-Pacific
Largest share country:China