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

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).

Xanthan gum is frequently utilised as a stabiliser and thickening agent in products including ice cream, toothpaste, and gluten-free goods. Other applications for xanthan gum include the thickening of drilling fluid in the oil industry, the preparation of water gels in cosmetics, and the production of diabetes medications. The FDA and ESFA have given Xanthan gum its approval for use in foods and beverages despite the fact that it has no known negative effects on human health.

The use of xanthan gum extends the shelf life of prepared goods by raising moisture maintenance thresholds and suppressing staling. Consumers today have a significant preference for gluten-free foods, and since xanthan gum is a gluten substitute, it makes this gum a unique component. Additionally, the rising expense of healthcare has prompted consumers to demand nutritional products, which will support Xanthan Gum Market growth. The addition of xanthan gum to foods for infants younger than 12 weeks old is permitted by Regulation (EC) No. 1333/2008's Annex II and III, according to the European Union (EU), which could boost the xanthan gum market growth.

US Xanthan Gum Market is poised to grow at a sustainable CAGR for the next forecast year.