Xanthan Gum Market Size, Share, Growth, Forecast 2030

Xanthan Gum Market

Xanthan Gum Market by Function (Thickeners, Stabilizers, Gelling Agents, Fat Replacers, Coating Materials and Others), by Form (Dry and Liquid), by Application (Food & Beverages, Oil & Gas, Pharmaceuticals & Personal Care, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-288 Published Date: Apr-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 CAGR (in %) Base Year
USD 432.1 Million USD 572.7 Million 3.7% 2020

Market Overview

The global xanthan gum market accounted for USD 432.1 Million in 2020 and is expected to reach USD 572.7 Million by 2028, growing at a CAGR of 3.7% from 2021 to 2028.

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Xanthan Gum is a general food additive which is used as a thickening agent or stabilizer to avert parting of ingredients. It is created by fermenting sugar with a bacterium called as Xanthomonas campestris.  The xanthan gum is also used in applications such as oil & gas, pharmaceuticals, personal care products, and ceramic glazes. The major factor for driving the market is its extensive use in the processed food industry as a preservative. It’s use in salad dressing as a stabilizer and thickener keeps the herbs or spices from settling out. It is also used in various sauces because of its low pH and high salts property. The recent progress in producing xanthan gum and its higher productivity has led many companies to invest in the market.

COVID-19 Impact Analysis

COVID-19 pandemic has caused both economic and social disruption. The supply chain and value chain of various industries have also been impacted by the pandemic. The market is likely to witness surge in the demand in 2021 owing to the swift recovery of the global economy.

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Growth Factors

The rising food and beverages industry including gluten free products, bakery products, sauces, dairy products, pet foods and various other food products has been a key factor for the expansion of the xanthan gum market. Its use in bakery products because of its viscosity property and as a partial substitute as ingredient in various other products has augmented the growth of the market.

Growing demand for high quality personal care products such as skin care, personal use products and bathing products is expected to thrive the industry. Xanthan gum being a good binding agent, and its effective properties such as a thickener, water retaining creates a very smooth and even textured product. Its ability to act as a good anti-aging product has attracted many consumers to use these products. Along with that, the increasing awareness of its safety in skincare should in turn increase the market value.

Xanthan Gum Market: Report Scope

Report Attributes Report Details
Report Name Xanthan Gum Market Research Report
Market Size in 2020 USD 432.1 Million
Market Forecast in 2028 USD 572.7 Million
Growth Rate CAGR of 3.7%
Number of Pages 210
Key Companies Covered Cargill, E. I. Du Pont De Nemours and Company, Archer Daniels Midland Company, TIC Gums, Solvay, Fufeng Group Company Ltd., Ingredion Incorporated, Cp Kelco, Jungbunzlauer Suisse AG, Fuerst Day Lawson, Hebei Xinhe Biochemical Co Ltd., Deosen Biochemical Ltd., Gum Technology Corporation, Meihua Holdings Group Co. Ltd, and Wego Chemical Group
Segments Covered By Function, By Form, By Application and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2020
Historical Year 2016 to 2020
Forecast Year 2021 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Function Segment Analysis          

Thickeners segment held a share of around 24.19% in 2020. The xanthan gum market has been bifurcated on the basis of function segment into thickeners, stabilizers, gelling agents, fat replacers, coating materials and others. Stabilizers accounted for the largest market share and is projected to grow at the highest CAGR during the forecast period. Stabilizers are group of compounds that are highly used in food industry such as ice-creams, dairy products, bakery products, salads dressing and many other industries. This is due to its properties of emulsification, maintaining the consistency of the food and keeping it from degrading.

Application Industry Segment Analysis Preview

Oil & gas segment will grow at a CAGR of over 4.2% from 2021 to 2028. The application segment of xanthan gum market has been classified into food & beverages, oil & gas, pharmaceuticals & personal care and others. The food & beverages sector tends to hold maximum share as increasing demand for good grade products and processed food. The growing competition in the food industry and emerging trends in the development is pushing many companies to invest in the market.

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Key Market Players & Competitive Landscape

Some of key players in Xanthan Gum Market are Cargill, E. I. Du Pont De Nemours and Company, Archer Daniels Midland Company, TIC Gums, Solvay, Fufeng Group Company Ltd., Ingredion Incorporated, Cp Kelco, Jungbunzlauer Suisse AG, Fuerst Day Lawson, Hebei Xinhe Biochemical Co Ltd., Deosen Biochemical Ltd., Gum Technology Corporation, Meihua Holdings Group Co. Ltd, and Wego Chemical Group among others.

Regional Analysis Preview

The North America region holds a share of 28.17% in 2020. This is attributable to the presence of top companies such as Cargill, E. I. Du Pont De Nemours and Company, and Archer Daniels Midland Company, among others. Moreover, the increasing usage of xanthan gum in high quality elements and pharmaceuticals is expected to generate huge demand for the market in this region.

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The Asia Pacific region is projected to grow at a CAGR of 4.31% over the forecast period. The Asia Pacific region is projected to grow at a significant rate owing to the rising demand for natural and processed food & beverage products and growing health awareness among consumers. 

Xanthan Gum Market: Competitive Analysis

The global Xanthan Gum market is dominated by players like:

  • Cargill
  • E. I. Du Pont De Nemours and Company
  • Archer Daniels Midland Company
  • TIC Gums
  • Solvay
  • Fufeng Group Company Ltd
  • Ingredion Incorporated
  • Cp Kelco
  • Jungbunzlauer Suisse AG
  • Fuerst Day Lawson
  • Hebei Xinhe Biochemical Co Ltd
  • Deosen Biochemical Ltd
  • Gum Technology Corporation
  • Meihua Holdings Group Co. Ltd
  • Wego Chemical Group

The global Xanthan Gum Market is segmented as follows:

By Function

  • Thickeners
  • Stabilizers
  • Gelling Agents
  • Fat Replacers
  • Coating Materials
  • Others

By Form

  • Dry
  • Liquid

By Application

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

The global xanthan gum market was valued at USD 432.1 Million in 2020.

The global xanthan gum market is expected to reach USD 572.7 Million by 2028, growing at a CAGR of 3.7% between 2021 to 2028.

Some of the key factors driving the global xanthan gum market growth is its extensive use in the processed food industry as a preservative.

North America region held a substantial share of the xanthan gum market in 2020. This is attributable to the presence of major players such as Cargill, E. I. Du Pont De Nemours and Company, Archer Daniels Midland Company, among others.

Some of the major companies operating in the xanthan gum market are Cargill, E. I. Du Pont De Nemours and Company, Archer Daniels Midland Company, TIC Gums, Solvay, Fufeng Group Company Ltd., Ingredion Incorporated, Cp Kelco, Jungbunzlauer Suisse AG, and Fuerst Day Lawson, among others.

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