New York, U.S., Sept. 23, 2022 (GLOBE NEWSWIRE) — Market overview
According to a comprehensive research report by Market Research Future (MRFR), “xanthan gum market Information by Form, Function, Application and Region – Forecast to 2030the market is expected to acquire a size of over $1.2 billion by the end of 2030. The report further predicts that the market will flourish at a healthy CAGR of over 5.6% during the period. of examination.
A polysaccharide, xanthan gum is frequently used as a stabilizer, food additive, and thickening agent. As a stabilizing agent, xanthan gum is mainly used in gluten-free baked goods and inhibits the separation of food ingredients. Xanthan gum’s ability to absorb more water than its weight and to be highly soluble in cold and hot water allows it to gel. These solutions have a variety of characteristics, including high viscosity, pseudoplasticity, and inertness to changes in pH, temperature, and electrolyte. When xanthan gum is added to ice cream, it prevents the growth of huge ice crystals, giving the texture a smoother appearance. A natural thickener for emulsions and cleaning solutions, xanthan gum emulsifier binds moisture. The pollution, thickening, and salt-resistant properties of xanthan gum make it an excellent additive for oil and gas exploration and other applications.
Tertiary oil or fluid recovery is also significantly impacted by this oilfield treatment chemical. Also, due to its resistance to thermal degradation and favorable compatibility with salts, xanthan gum is advantageous for use as an ingredient in drilling fluids. Governments have established significant subsidies for the oil and gas industry over time, primarily in the form of tax breaks. In the food sector, xanthan gum is used as a thickener, suspending agent, emulsifier and molding agent. Given its high molecular weight and technological utility, it is often added in small amounts. The market is also fueled by an increase in the use of xanthan gum as a less expensive substitute for guar gum. Salad dressings, sauces, beverages, dairy products, syrups, toppings, baked goods, confections, sweets, breadcrumbs, batters, and low-fat spreads all contain gum of xanthan.
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|Market size in 2030||$1.2 billion|
|Year of reference||2021|
|Forecast units||Value (USD billion)|
|Report cover||Revenue forecasts, competitive landscape, growth factors and trends|
|Segments Covered||by form, function, application and region|
|Geographical areas covered||North America, Europe, Asia-Pacific and Rest of the World (RoW)|
|Key Market Drivers||growing growth and demand from food industries|
|overconsumption of food increases demand|
Market Competitive Landscape:
Well-known Companies in Xanthan Gum Market are:
- Solvay S.A.
- Meihua Holdings Group Co.Ltd.
- Fufeng Group
- Hebei Xinhe Biochemical Co.Ltd.
- CP Kelco
- Archer Daniels Midland Company
Covered USP market:
As a typical by-product of fermented sugar, xanthan gum is used as a popular ingredient in gluten-free baking. Its powerful binding abilities promote gluten replacement in the baking industry. Although some brands claim to be gluten-free, some products may contain traces of gluten. Its consumption has also been linked to certain health problems. The food and beverage industry widely uses xanthan, a non-hazardous ingredient with a wide range of nutritional properties and high carbohydrate and fiber content. The global xanthan gum market is expanding due to growing consumer demand for food and beverages. The global xanthan gum market is driven by rapid urbanization, high disposable incomes, and a large and growing consumer population of young professionals and families who prioritize healthy and vegan food products.
Browse the in-depth market research report (135 pages) on xanthan gum: https://www.marketresearchfuture.com/reports/xanthan-gum-market-748
The availability of the substitute known as guar gum, which is also a polysaccharide obtained from natural sources and has similar qualities and applications to xanthan gum, is the market drag for xanthan gum. The potential for guar gum to replace xanthan gum is expected to limit market expansion.
COVID 19 analysis
Due to the prolonged lockdown, closure of manufacturing facilities, restrictions on international trade, travel bans which have caused supply chain disruption and shortage of raw materials. The COVID-19 pandemic has significantly affected the sales and overall performance of industries in various regions. Additionally, the COVID-19 issue has hurt the global beauty industry. Demand for xanthan gum from the personal care industry has been hampered. However, businesses are moving faster with the easing of restrictions previously imposed in several countries. Moreover, the high vaccination rate relieves the situation of the industrial and commercial sectors thanks to the help of the government and the companies. The xanthan gum market is fueled by explosive growth in the fast food industry and increased consumer awareness of the benefits of consuming nutrient rich meals.
By form, the market consists of dry and liquid. By application, the market includes pharmaceuticals and nutraceuticals, food and beverages, and personal care. By function, the market consists of thickeners, potting materials, stabilizers, and fat substitutes.
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Due to a significant increase in demand from the cosmetics industry, North America is expected to experience growth in the xanthan gum market. Concerns over the use of synthetic chemicals in cosmetics have forced North American producers to use organic alternatives, leading to market expansion. The market is growing in Europe due to changing customer preferences towards foods containing natural emulsifiers due to the prevalence of food allergies and gluten intolerance. The region’s pharmaceutical industry has grown rapidly, contributing to the expansion of the European market. Due to the large population in the region and the high consumption of food and beverages, which will increase the demand for xanthan gum, the region will experience the highest growth.
The need for xanthan gum for therapeutic purposes will increase in Latin America. The demand for xanthan gum will increase as oil exploration activities increase in the Middle East and Africa. Due to increasing urbanization and job growth in the region, the Middle East and Africa is expected to present lucrative market prospects shortly. As frozen and packaged halal meats and poultry, cold drinks and flavored milk are becoming increasingly popular in the Middle East and Africa. Cold chain services will also influence customer preferences in the coming period.
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