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"Global Xanthan Gums Market Was Valued At US$ XX Mn in 2019 and It Is Anticipated To Exhibit A CAGR Of 4.7% during the Forecast Period."
Xanthan gum is a food additive that is generally used as an alternative for gluten. The substance gives structure to the wheat flour that is commonly utilized for gluten-free food products such as other kinds of flour that give it structure and texture. Such growth of the demand for Xanthan gums is increased customer’s awareness on health by the consumption of gluten. This is mainly less preferred over gluten in order to eliminate celiac disease and increase compliance with regulatory guidelines stated by the FDA and USDA to restrain the gluten content in food products. According to the survey made by the Mayo Clinic, there are three groups of customers who are choosing a gluten-free diet. Those who are diagnosed with celiac disease, person undiagnosed celiac disease and those who are without celiac disease avoid the consumption of gluten that had promoted the demand for Xanthan Gums.
Xanthan gum is also known as natural polysaccharide and is considered as one of the vital components of an industrial biopolymer. This is also the most admired elastic thickener that has a higher performance. The gum has a property of hot & cold water-soluble and it could absorb water higher and forms as a gel thus they are utilized highly by the end-users Its consumption is high in food industry in order to take advantage of its properties including high viscous at low concentrations, withstanding extreme temperatures, pH & electrolyte variations, and pseudo-plasticity. The demand for Xanthan gum is high for stabilizing and thickening in a range of food and industrial offerings. The Xanthan gum is a non-toxic additive in a range of brines, drilling, and fracturing fluids.
The key drivers of xanthan gum market growth are demand from the food & beverage industry, gluten-free food products, multi-functionality of xanthan gum, a shift in preferences of customers, increased consumption packaged food. Cost-effeteness of xanthan gum & abundance and relatively cheap substitutes and anti-dumping policies are hampering the market demand during the forecast period. Increased demand from oil & gas drilling and generation of xanthan gum through readily available raw materials are anticipated to offer significant growth opportunities during the forecast period.
By Application, Food & Beverages Segment Is anticipated to grow High During the Forecast Period.
In the production of packaged food, the usage of food-grade xanthan gum is considered as the most favored component in comparison to other additives. It has a property of non-dependency of the season and crop yield as a source that plunges its demand in the market. It is extracted from the microbial fermentation and is substantially used in the manufacturing of food products globally. The product supports organizations in a continuous food supply chain for food products and helps in the maintenance of constant prices in the market avoiding fluctuation. Xanthan gum also offers considerable output as a thickening agent in contrast to the conventional gums that are also being utilized in the market and enabling it as a primary choice of hydrocolloid.
The Xanthan Gum Market In Asia Pacific Accounted For The Largest Share In 2019 And Is Expected To Remain Dominant During The Forecast Period.
The demand for xanthan gum among the countries of the APAC region is high. Approximately one-third of the global market share by revenue was generated from the Asia-Pacific region in 2019. Such a trend in the market for Xanthan gum is about to be steady during the forecast period in the APAC region and is expected to expand in volume at a CAGR of ~6% during the forecast period. These trends in the market are projected to be lucrative in this regional market. This could be attributed to the changing lifestyle habits of customers, especially in the APAC region. Growth in the food and beverage industry of the APAC region stimulates the market of xanthan gum in food & beverage manufacturers. Europe and North America regional market together hold half of the global share by market value, in 2019. Thus, it accounts for a substantial market share of Xanthan gum in the global market. Further evolution of these regional markets is likely to be shaped by the presence of leading manufacturing companies in these regions.
The Xanthan gum market is highly competitive by the presence of regional and multinational manufacturing organizations that are expanding their global presence. Companies are entering the different markets by the strategic activities in order to enhance their competitive edge in the production and supply of Xanthan gum products.
Prominent players associated with the production of Xanthan gum in the market are listed as follows: Deosen Biochemical Ltd., Fuerst Day Lawson, Aurorachem, Hebei Xinhe Biochemical Co., Ltd., Jungbunzlauer Suisse AG, Qingdao Great Chemical, Jianiong Biochemical, Weifang Santi Chemical Co., Ltd., Vasundhara Industries, and Carst & Walker.
Key segments of Xanthan Gums market:
- Thickening Agent
- Stabilizing Agent
- Suspending Agent
- Fat Replacer
- Food & Beverages
- Oil & Gas
- Personal Care & Cosmetics
- North America
- Asia pacific
- Middle east and Africa
- Latin America