Westford, USA, Aug. 07, 2023 (GLOBE NEWSWIRE) -- According to SkyQuest, xanthan gum is a versatile ingredient derived from plant-based sugars and bacteria. Its wide range of applications in the food industry is attributed to its excellent thickening and stabilizing properties. One of the main advantages of xanthan gum is its ability to significantly improve the texture, consistency, flavor, shelf life, and appearance of various food products in the xanthan gum market.
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- Pages - 157
- Tables - 120
- Figures – 60
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Xanthan gum market is widely recognized for its versatile applications as a stabilizer and thickening agent in various products, ranging from ice cream and toothpaste to gluten-free goods. Its unique properties make it an essential ingredient in the food industry, where it enhances texture and provides stability. Xanthan gum is also utilized in other industries, such as the oil sector, where it acts as a thickening agent for drilling fluids, and in cosmetics.
Prominent Players in Xanthan Gum Market
- Cargill, Incorporated
- Solvay S.A.
- Fufeng Group Ltd.,
- CP Kelco
- Archer Daniels Midland Company
- DuPont de Nemours, Inc.
- Ingredion Incorporated
- Deosen Biochemical Ltd.
- Jungbunzlauer Suisse AG
- ADM Corn Processing
- MeiHua Holdings Group Co. Ltd.
- Pfizer, Inc.
- The Aurora Chemical
- Unionchem
- The Zoranoc Oilfield Chemical
- Hebei Xinhe Biochemical Co. Ltd.
- Shandong Polymers Bio-chemicals Co. Ltd.
- DuPont Nutrition & Biosciences
- Parchem Fine & Specialty Chemicals
- FMC Corporation
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Food and Beverage Segment is Expected to Grow the Market Due to the Increasing Use of Xanthan Gum in the Production of Bakery Goods
Food and beverage industry holds the largest market share in the global xanthan gum market. This dominance can be attributed to the significant demand for xanthan gum in various food and beverage applications. One of the key factors driving this demand is the widespread use of xanthan gum in the production of gluten-free bakery goods.
The markets in North America have emerged as the leading xanthan gum market globally, capturing the largest market share. The region's dominance can be attributed to several factors, with the expanding oil and gas industry being a significant driver.
Pharmaceuticals Segment is Expected to Dominate in the Market Due to the Rising Utilization of Xanthan Gum
Pharmaceuticals segment plays a significant role in the utilization of xanthan gum market. Xanthan gum is a natural polysaccharide derived from the fermentation of carbohydrates by the bacterium Xanthomonas campestris. It has a wide range of applications due to its unique properties, such as its ability to thicken, stabilize, and provide texture to various products.
Regional markets in the Asia Pacific region have emerged as a significant contributors to the global xanthan gum market, primarily driven by its expanded use in the food and beverage industry, particularly in the bakery sector. The region's market share is the highest due to the increasing demand for xanthan gum in various bakery applications.
A comprehensive analysis of the major players in the xanthan gum market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand.
Key Developments in Xanthan Gum Market
- Recently, CP Kelco, a leading producer of hydrocolloid ingredients, made an important announcement regarding expanding its bio-gum production capacity. This expansion includes the production of xanthan gum at its plant facilities in the United States and China. The increased production capacity signifies CP Kelco's commitment to meeting the growing demand for various industries for xanthan gum and other hydrocolloid ingredients.
- Recently, CP Kelco formed a strategic partnership with Azelis, a leading global distributor of specialty chemicals and food ingredients. This partnership aimed to extend CP Kelco's distribution network in the Australian and New Zealand markets. Azelis offered CP Kelco's Consumer & Industrial (C&I) and Food Applications ingredients, including the renowned Keltrol Xanthan Gum, through this collaboration.
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Key Questions Answered in Xanthan Gum Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market's future growth?
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