According to a new report published by UnivDatos Markets Insights, the Xanthan Gum Market is expected to grow at a CAGR of around 6% from 2022-2028. The analysis has been segmented into Function (Stabilizing Agents, Thickening Agents, Fat Replacers, Suspending Agents, and Others); Form (Dry & Liquid); Application (Oil & Gas, Food & Beverage, Pharmaceutical & Personal Care, and Others); Region/Country.
The xanthan gum market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the xanthan gum market. The xanthan gum market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the xanthan gum market at the global and regional levels.
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Market Overview
Xanthan gum is a chain of sugar blocks that is made by fermenting simple sugar with a specific kind of bacteria. The xanthan gum is swelled by the intestine which stimulates the intestine to push stool through. In recent times, xanthan gum has witnessed a significant demand across the world owing to its medicinal use to lower total cholesterol and blood sugar level. Also, xanthan gum is used as a saliva substitute for people with dry mouths and as a bulk-forming laxative for the treatment of constipation. Furthermore, the increasing demand for oil and technological advancement such as enhanced oil recovery is expected to increase the production of the oil and subsequently propel the demand for the xanthan gum used in the oilfield for mud treatment and well completion.
Factors such as technological advancement coupled with the growing number of industries and manufacturing units along with the new product launches in the market are some of the prominent factors that are positively influencing the market growth globally.
Some of the major players operating in the market include Cargill Inc., Archer Daniels Midland Company, Solvay, Cp Kelco, Fuerst Day Lawson, Ingredion Incorporated, Fufeng Group Company Ltd, FMC Biopolymer, DuPont Danisco, and Meihua Holding Group Co.
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COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the manufacturing industry along with supply chain disruption, regulatory and policy changes, labor reliance, working capital management, and liquidity & solvency management. The xanthan gum market has been significantly affected during these times owing to the gap between supply and demand.
The global xanthan gum market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on function, the market is segmented into stabilizing agents, thickening agents, fat replacers, suspending agents, and others. The stabilizing segment is expected to witness a significant CAGR during the forecast period owing to its stability at low pH and high temperature. Also, the growing demand for xanthan gum as the stabilizer in toothpaste, lotion, and shampoos owing to its high viscosity at a lower concentration which allows them to hold their shape is expected to propel the demand in the coming time.
· Based on application, the market is segmented into oil & gas, food & beverage, pharmaceutical & personal care, and others. The food & beverage segment is expected to witness significant growth during the forecast period due to their growing adoption in the food industry as an additive for frozen food and dairy product. Additionally, xanthan gum is used for textual resemblance to wheat and other food and contributes towards its adoption in gluten-free snacks. Furthermore, xanthan gum is also used in other food products including meat & poultry, sauces & dressing, bakery product, confectionery product, and others. As xanthan gum does not change the flavor and color of the food it is widely used as a thickening agent for food with a swallowing disorder.
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Xanthan Gum Market Geographical Segmentation Includes:
· North America (United States, Canada, and the Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
Asia-Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing adoption in the food & beverage industries along with the expansion of the beauty & cosmetic industry, and oil & gas industry among others. Also, the expanding economies in the region with the growing purchasing power of the individual are expected to support the market growth. Additionally, the increasing demand for oil & gas and exploration activities in the countries such as China, Malaysia, and India are expected to propel the demand for xanthan gum in the region. Furthermore, the rising awareness of individuals toward the dermatological condition and increasing adoption in the medicinal industry contributes to the growth in the region.
The major players targeting the market include
· Cargill Inc.
· Archer Daniels Midland Company
· Solvay
· Cp Kelco
· Fuerst Day Lawson
· Ingredion Incorporated
· Fufeng Group Company Ltd
· FMC Biopolymer
· Archer Daniels Midland Company
· DuPont Danisco
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the xanthan gum market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the xanthan gum market?
• Which factors are influencing the xanthan gum market over the forecast period?
• What are the global challenges, threats, and risks in the xanthan gum market?
• Which factors are propelling and restraining the xanthan gum market?
• What are the demanding global regions of the xanthan gum market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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