Pune, India, July 06, 2022 (GLOBE NEWSWIRE) -- The global xanthan gum market size is projected to rise at a considerable CAGR in the coming years. The increasing product applications across diverse industry verticals including food and beverage, cosmetics, and healthcare will emerge in favour of market growth. According to a report by Fortune Business Insights, titled “Xanthan Gum Market Size, Share & Industry Analysis by Application (Food & Beverages, Oil & Gas, Personal Care & Cosmetics, Pharmaceutical), Others and Regional Forecast, 2022-2029,” the market will derive growth from the increasing emphasis on product R&D.
Xanthan gum is a compound similar to sugar that is produced by combining sugars with specific bacteria. The substance is primarily used for lowering the blood pressure and cholesterol levels in people suffering from diabetes. The product is mainly used as a laxative and saliva substitute in people suffering from dry mouth. The product finds applications across the food and beverage industry.
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List of Companies Profiled in the Xanthan Gum Market Report:
- Cargill
- Solvay S.A.
- Deosen
- Fufeng Group
- Ingredion
- Hebei Xinhe Biochemical Co. Ltd
- CP Kelco
- Meihua Holdings Group Co. Ltd.
- Unionchem
- Archer Daniels Midland Company
It is widely used in food products such as ice cream, gluten-free products, and toothpaste. Besides food and beverage, the substance is also used in cosmetics for manufacture of water gel as well as in the oil and gas industry for thickening drilling fluids. The increasing product applications across diverse industry verticals will open up a huge potential for the growth of the overall market in the coming years. Moreover, increasing investment in product R&D will also benefit the growth of the market in the foreseeable future.
Xanthan Gum Market Report Scope & Segmentation:
| Base Year | 2021 |
| Historic Years | 2018 - 2020 |
| Forecast Years | 2022 - 2029 |
| Segments Covered | By Application (Food & Beverages, Oil & Gas, Personal Care & Cosmetics, Pharmaceutical) |
| Forecast Units | Value (USD Billion), and Volume (Units) |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2022 to 2029 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Number of Companies Covered | Cargill, Solvay S.A., Deosen, Fufeng Group, Ingredion, Hebei Xinhe Biochemical Co. Ltd, CP Kelco, Meihua Holdings Group Co. Ltd., Unionchem, Archer Daniels Midland Company and other players profiled |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
| Customization Scope | Avail customized purchase options to meet your exact research needs. |
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What Does the Report Contain?
The market for xanthan gum industry report has details on all the latest technology available in the market. The technological advancements made in the industry have been highlighted and the potential opportunities associated with that. The report establishes the challenges of the market and advises various solutions to them. It also mentions the growth-stimulating factors, the restraints, consumption pattern, distribution channels, and other vital information associated with the market.
Driving Factor
Increasing Demand for the Product and Applications in F&B Industry Will be Pivotal to Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. The ability of the product to reduce blood pressure levels has encouraged several F&B vendors. The exceptional properties of the substances that favor health have been vital to the growth of the market.
Xanthan gum has almost zero or minimum side effects on the human body; a primary reason why it is widely used across the food and beverage industry. As a result, regulatory approvals haven’t been a barrier as many expect them to be. Driven by exceptional properties, huge investments have been made in the use of the substance in numerous sweetening ingredients.
The growing demand for xanthan gum across the world, coupled with the increasing studies associated with the product will constitute an increase in the overall market size in the foreseeable future.
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Regional Insights
North America Projected to Emerge Dominant; Product Applications in Cosmetics Industry to Aid Growth
The report analyzes the ongoing xanthan gum trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in North America is projected to emerge dominant. The increasing use of xanthan gum in applications across the cosmetic industry will aid the growth of the market in this region.
Companies operating in the cosmetics industry have identified xanthan gum as a gem, considering its diverse applications. In addition to this, minimum side effects of the product on the human skin will contribute to the growing use of the product in this region.
Besides North America, the market in Europe will also witness significant growth in the coming years driven by the increasing investment in the research and development of the product by major companies across this region. Moreover, the presence of several large scale companies in several countries across Europe will aid the growth of the market.
Key Benefits for Xanthan Gum Market Reports:
- What is the global sales value, production value, consumption value, import, and export of industry?
- Who are the global key manufacturers of the Xanthan Gum industry?
- What are the business opportunities and threats faced by the vendors in the global Xanthan Gum Industry?
- Which application/end-user or product type may seek incremental growth prospects?
- What focused approach and constraints are holding the market?
- What are the different sales, marketing, and distribution channels in the global industry?
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