The xanthan gum market, estimated at USD 373.6 million in 2016, is projected to grow at a CAGR of 3.25%, to reach USD 452.8 million by 2022.
The growth in inclination of consumers toward convenience food is fueling the demand for xanthan gum, as it is used in various convenience food applications owing to its properties such as thickening and stabilizing. The market is majorly driven by factors such as increase in demand for gluten free products, multifunctionality of xanthan gum, and rise in demand for natural food additives. However, use of guar gum as a substitute for xanthan gum, is restraining the growth of the market. Growing oil & gas extraction and drilling activities, especially in North America and the Middle Eastern countries are paving new opportunities for the xanthan gum market.
Asia-Pacific is projected to be the fastest-growing market for the forecast period considered for this study, due to increase in demand for xanthan gum in food & beverage and personal care industries in this region. China is expected to lead the market for xanthan gum in the Asia-Pacific region for the next five years, as a result of growth in urbanization, rapid economic development, and change in lifestyles.
- Archer Daniels Midland Company
- Cp Kelco
- Deosen Biochemical Ltd.
- E. I. Du Pont De Nemours and Company
- Fuerst Day Lawson
- Fufeng Group Company Ltd.
- Ingredion Incorporated
- Jungbunzlauer Suisse AG
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Xanthan Gum Market, By Application
8 Xanthan Gum Market, By Function
9 Xanthan Gum Market, By Form
10 Brand Overview
11 Xanthan Gum Market, By Region
12 Competitive Landscape
13 Company Profiles
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