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COVID-19 Impact On Xanthan Gum Market Report Trends, business Growth, Opportunity Assessment, Forecast to 2024

Xanthan Gum Market Overview 

The Global Xanthan Gum Market is projected to grow at a significant rate of 4.5% from 2019 to 2024 to reach a market value of USD 1.2 billion by the end of 2024. Increasing demand from end use industries includes oil & gas, food and beverages among others is escalating the demand for the Xanthan gum market. Xanthan Gum Market Report is the bacterium which secrets polysaccharide which in is Xanthan Gum, which is commonly used as a food thickening agent (salad dressing) and a stabilizer. Xanthan Gum scientific name is Xanthomonas. Xantham Gum is produced by fermenting glucose, sucrose or lactose, followed by precipitation of polysaccharide from a growth medium with isopropyl alchohol, dried and ground into a fine powder. Later, it is added to a liquid medium to form the gum.

Oil & gas and food & beverage industries account for over 80% of Xanthan Gum Market in the terms of revenue and volume. The fastest growing application of Xanthan gum is the food and the beverage industry closely followed by the oil and gas industry. Xanthan Gum aids the growing population, changing lifestyle of consumers as the low-price alternative to guar gum. Xanthan gum is used in a wide range of food and beverages

Market Segmentation

For the purpose of study, Market Research Future segmented the Xanthan Gum Market based on applications

Food and Beverage- Xanthan gum is used to flesh out the drinks and fruit juices. When these beverages containing fruit pulp particles, the use of xanthan gum helps maintain the suspension giving better appearance. In bakery industry, xanthan gum is used primarily to increase water retention during baking and thus extending shelf life of bakery products and refrigerated dough’s

Oil and Gas- Xanthan gum is an important ingredient in the hydraulic fluid used for the hydraulic fracking process. It carries with it the sands used to prop open the fractures to allow the flow of oil or gas from these cracks.

Pharmaceutical and Cosmetic Industry- Xanthan Gum is used as a stabilizer (in cosmetic products, for example, to prevent ingredients from separating)

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Market Players

  • Fufeng Group Ltd. (Japan)
  • Cargill, Incorporated (US)
  • Solvay (Belgium)
  • DuPont de Nemours, Inc. (US)
  • FMC Corporation (US)
  • Archer Daniels Midland Company (US)
  • Ingredion Incorporated (US)
  • Fuerst Day Lawson (UK)
  • Vanderbilt Minerals, LLC. (US)

Xanthan Gum Market Regional Analysis

North America

North America is a major chunk of the Xanthan Gum market. The recovery of the pharmaceutical industry in the US is expected to drive the demand of xanthan gum upwards in the forecasted period. Canada poses as another big market for Xanthan Gum US Department of Commerce announced antidumping duties on imports of xanthan gum from China.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.