Xanthan Gum Market Trends, Competitive Market Share & Forecast, 2017 – 2023

Global xanthan gum market share remains concentrated with combination of domestic well as international players. Key market players include Cargill, ADM, Solvay, Dupont, and Pfizer.

Global xanthan gum market is massively expanding due to its increasing usage in the end-user industries including cosmetics, food & beverages, oil & gas, and pharmaceuticals. Food & beverage industry is growing at a rapid pace, which is further enhancing xanthan gum industry outlook. According to Global Market Insights, Inc., “Xanthan Gum Market is estimated to witness a CAGR of 6% over the period of 2016-2023.” 

Xanthan gum is also acknowledged as bacterial polysaccharide or corn sugar gum, which is produced by fermentation of bacteria. Demand for naturally sourced emulsifiers will provide a supportive hand in the growth of this industry. Also, positive outlook from FDA and USDA for usage of xanthan gum in medicines and bakery products will augment the global industry outlook.

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Xanthan gum market share in pharmaceutical applications is likely to witness an annual growth rate over 5% from 2016-2023, owing to its uses as thickening agent and controlled release agent in liquid and solid formulation respectively. Food & beverage industry is another lucrative application sector of the xanthan gum industry which is anticipated to witness heavy gains at 6% over the period of 2016-2023.

Oil & gas applications is likely to be an important revenue driver for the xanthan gum market, owing to the increase in drilling activities and rising petroleum demand globally.  The growing ageing population and rising consciousness regarding personal health will boost the cosmetic applications industry share, with a CAGR estimation of 6% over 2016-2023. Animal feed additives industry is another prominent sector witnessing a heavy demand for xanthan gum.

Considering the regional trends, Asia pacific xanthan gum market is growing significantly with target market size slated to reach USD 490 million by 2023. Growing pharmaceutical and skin care industry in the region, owing to low production cost will surge the product demand. The regional growth is mainly dominated by China and India.

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), Industry Analysis Report, Regional Outlook (U.S., Russia, Germany, Netherlands, China, India, Brazil, Saudi Arabia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents:

http://www.fractovia.org/news/industry-research-report/xanthan-gum-market/

Europe xanthan gum industry, led by UK and Germany, is foreseen to register a CAGR of 5% over the period of 2016-2023. Increasing demand for personal care product in Italy, UK, and France will complement the regional growth.

North America, with US xanthan gum industry leading the regional growth, is estimated to witness substantial gains over the coming years, driven by the rising geriatric population base and increasing prevalence of chronic ailments.

The notable participants will focus on research & development activities to explore untapped applications of xanthan gum. The overall industry is fairly consolidated with the combination of international and domestic players. The key players include Deosen Biochemical, ADM, Cargill, Fufeng Group, Qingdao Unichem, and Solvay Group.

 

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