The global Xanthan Gum market was valued at USD 3.61 billion in 2016 and is projected to reach USD 5.14 billion by 2025, growing at a CAGR of 14.2% from 2017 to 2025. Xanthan gum is a polysaccharide which is majorly used as a food additive. The growing importance regarding inclusion of natural ingredients in bakery and confectionery products is expected to drive market demand. The shear thinning ability of Xanthan gum is a major driver for its multifunctional use.
Market Dynamics: 1. Market Drivers 1.1 Multifunctionality of xanthan gum 1.2 Rising demand for convenience goods 1.3 Growing demand for natural food additives 2. Market Restraints 2.1 Rising popularity of guar gum
Market Segmentation: The global Xanthan Gum market is segmented on the function, application, and region.
1. By Function: 1.1 Stabilizers 1.2 Thickeners 1.3 Gelling Agents 1.4 Coating Materials 1.5 Fat Replacers
2. By Application: 2.1 Oil and Gas 2.2 Pharmaceutical Products 2.3 Food and Beverages 2.3.1 Sauces and Dressing 2.3.2 Confectionery 2.3.3 Bakery 2.3.4 Dairy 2.3.5 Meat and Poultry 2.3.6 Beverages 2.3.7 Others 2.4 Others
3. By Region: 3.1 North America (U.S., Canada, Mexico) 3.2 Europe (Germany, UK, France, Rest of Europe) 3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific) 3.4 Latin America (Brazil, Argentina, Rest of Latin America) 3.5 Middle East & Africa
Competitive Landscape: The major players in the market are as follows: 1. EI Du Pont De Nemours 2. Archer Daniels Midland Company 3. Fufeng Group 4. Cp Kelco 5. Jungbunzlauer Suisse AG 6. Fuerst Day Lawson 7. Deosen Biochemical Ltd. 8. Ingredion Incorporated 9. Solvay
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.