What is the global market size of the Xanthan Gum Market?

Global Xanthan Gum Market size was valued at USD 0.55 billion in 2021 and is poised to grow from USD 0.57 billion in 2022 to USD 0.82 billion by 2030, growing at a CAGR of 4.73% in the forecast period (2023-2030).

Xanthan Gum Market Size, Share, Growth Analysis, By Type(Synthetic, and Natural.), By Source(Dry and Liquid), By Function(Thickener, Stabilizer, Suspending, Fat Replacer), By Application(Food & Beverage (Bakery & Confectionery, Meat industry, Sauces & Dressings, Beverages)), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15E2170 | Region: Global | Published Date: July, 2024
Pages: 157 | Tables: 120 | Figures: 77

Xanthan Gum Market Regional Insights

North America held the largest global xanthan gum market share. The expanding oil & gas industry along with the rising demand for petroleum in the United States since the 1850s are the primary reasons, according to the International Energy Agency, for North America's growing dominance in the xanthan gum market. Additionally, the United States is one of the largest consumers of oil and gas worldwide and held the largest xanthan gum market share in North America. Additionally, the xanthan gum market in North America is expanding due to growing knowledge of the health benefits of this substance.

Due to its expanded use of the food and beverage industry, particularly the bakery sectors, the Asia Pacific region accounts for the highest share. Additionally, the market growth is boosted by urbanisation, a rising standard of life, retail shop expansion, the availability of disposable cash, and supportive economic conditions. The market is also being fuelled by expanded exploration and investment initiatives launched by the government throughout the region.

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Xanthan Gum Market size was valued at USD 0.55 billion in 2019 and is poised to grow from USD 0.57 billion in 2023 to USD 0.82 billion by 2031, growing at a CAGR of 4.73% in the forecast period (2024-2031).

Globa xanthan gum market is consolidated globally, with a few major vendors controlling most of the market share. Key players are adopting strategies including mergers and acquisitions as well as product portfolio expansion. Leading companies in the global market include Cargill, Inc., Archer Daniels Midland Company, Fufeng Group Company Limited, DuPont, Solvay S.A., MeiHua Holdings Group Co., Ltd., Jungbunzlauer Suisse AG, CP Kelco, Hebei Xinhe Biochemical Co., Ltd., Deosen, Zoranoc Oilfield Chemical, Jianlong Biotechnology Co., Ltd., and FMC. 'Cargill, Incorporated', 'Solvay S.A.', 'Fufeng Group Ltd.,', ' CP Kelco ', ' Archer Daniels Midland Company ', ' DuPont de Nemours, Inc. ', ' Ingredion Incorporated ', ' Deosen Biochemical Ltd. ', ' Jungbunzlauer Suisse AG ', ' ADM Corn Processing ', ' MeiHua Holdings Group Co. Ltd. ', ' Pfizer, Inc. ', ' The Aurora Chemical ', ' Unionchem ', ' The Zoranoc Oilfield Chemical ', ' Hebei Xinhe Biochemical Co. Ltd. ', ' Shandong Polymers Bio-chemicals Co. Ltd. ', ' DuPont Nutrition & Biosciences ', ' Parchem Fine & Specialty Chemicals ', ' FMC Corporation. '

The food and beverage industry uses xanthan, a non-hazardous ingredient with a wide range of nutritional properties and a high carbohydrate and fibre content, extensively. The world market for xanthan gum is expanding as a result of rising consumer demand for food and beverages. Other factors driving the expansion of the global xanthan gum market include growing preference for convenience foods and the versatility of xanthan gum.

The protein gluten, which gives wheat flour its structure, can be replaced with xanthan gum, a common food additive. To create gluten-free items with appropriate structure and texture, it is typically used in conjunction with non-gluten flour. Due to the FDA and USDA regulations limiting the amount of gluten allowed in food items, as well as the increased knowledge of the health problems associated with gluten consumption, such as celiac disease, this need has arisen. The Mayo Clinic conducted a study, and the results revealed that the gluten-free diet was chosen by the three categories of respondents. The first group comprises of those who have been officially diagnosed with celiac disease, the second group includes those who have not yet received a diagnosis, and the third group includes those who are avoiding gluten but do not have the condition. For reasons of weight loss and other health advantages, many people avoid gluten.

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Xanthan Gum Market Regional Insights

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