Dublin, Feb. 05, 2024 (GLOBE NEWSWIRE) -- The "Global Xanthan Gum Market (2023-2028) by Application, Function, and Geography, Competitive Analysis, Impact of Covid-19 and Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Xanthan Gum Market is set to experience significant growth, with projections indicating an increase from USD 700.02 million in 2023 to USD 923.60 million by 2028, augmenting at a CAGR of 5.70%.
This expansion is largely driven by the surge in demand for xanthan gum across various applications. Xanthan gum, derived from the fermentation process of the bacterium Xanthomonas campestris, is widely acclaimed for its thickening, stabilizing, and gelling properties. Its utility has been far-reaching in the food and beverages sector, making it an indispensable ingredient in products such as dressings, sauces, dairy goods, and bakery items.
The consumable sector's persistent quest for quality and stability underscores the integral role that xanthan gum plays, thereby fueling the market's upward trajectory.
The comprehensive analysis, available now, delves into the Global Xanthan Gum Market by examining its various segments including application, function, form, and geography. Each facet of the market is thoroughly explored to provide a holistic view of the industry's current state and potential future developments.
Market Overview
The market segmentation reveals fascinating trends, notably within the Food & Beverage application which maintains a dominant position.
Xanthan gum's multi-functional capacity as a thickening, stabilizing, and gelling agent justifies its widespread adoption in the segment.
- By Function: The versatility of xanthan gum shines through with its large market share as a gelling agent, owed to its favorable attributes such as preventing weeping in gels.
- By Form: Dry xanthan form outpaces liquid variants, as it is preferred for its convenience in food-related applications, including salad dressings and frozen foods.
- By Geography: Asia-Pacific region emerges as a frontrunner, thanks largely to the significant growth of processed food consumption and advancements in the oil & gas sector, particularly within China and India.
Recent developments resonate with the market's dynamic nature. Companies within the xanthan gum industry are making strategic movements to cater to increasing demands and expand production capacities, as seen with major industry players enhancing their bio-gum production facilities.
The report includes a detailed Competitive Quadrant analysis, offering an insightful look into the positioning of key market players. Utilizing several critical factors such as financial performance and growth strategies, this analysis provides a comprehensive competitive landscape of the xanthan gum market.
The Ansoff Analysis within the publication offers strategic pathways for companies within the xanthan gum market, based on intricate SWOT analysis results. This tool assists in ascertaining the most suitable market growth strategies, taking into account the inherent risks associated with each strategic direction.
Overall, the Global Xanthan Gum Market report stands as an authoritative resource for stakeholders seeking to gain a deep understanding of the market. Its implications on the parent industry, along with the market dynamics, segmentation, and competitive assessment, provide a robust foundation for informed decision-making in the xanthan gum industry landscape.
Businesses and industry experts looking to strengthen their presence in the xanthan gum market are invited to explore the detailed market analysis now available for review - https://www.researchandmarkets.com/r/gfy4qb
Key Attributes
| Report Attribute | Details |
| No. of Pages | 177 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $700.02 Million |
| Forecasted Market Value (USD) by 2028 | $923.6 Million |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
Companies
- Archer Daniels Midland Company
- Biospringer
- Cargill, Inc.
- CP Kelco U.S., Inc.
- Du Pont De Nemours And Company
- Ingredion Inc.
- Jungbunzlauer Suisse Ag
- Kerry Group plc
- Lallemand Inc.
- Meihua Holdings Group Co., Ltd.
- Palsgaard A/S
- Qingdao Unionchem Co., Ltd.
- RC Fine Foods, Inc.
- Roquette Frères
- Shandong Longlive Bio-Technology Co., Ltd.
- Solvay S.A
- Tate & Lyle
- The Lubrizol Corp
- The Zoranoc Oilfield Chemical
- Xi'an Lyphar Biotech Co., Ltd
Key Highlights of the Report
1. Comprehensive Report Overview
- Clear Study Objectives
- Accurate Market Definition
- Currency Consideration
- Inclusion of Relevant Years
- Language Accessibility
- Identification of Key Stakeholders
2. Rigorous Research Methodology
- Transparent Research Process
- Robust Data Collection and Validation
- Secondary Research
- Primary Research
- Analyst Models
- Precise Market Size Estimation
- Bottom-Up Approach
- Top-Down Approach
- Assumptions and Limitations Acknowledged
3. Informative Executive Summary
- Introduction to Market Dynamics
- Comprehensive Market Size, Segmentations, and Outlook
4. Dynamic Market Dynamics Analysis
- Impact Analysis
- Key Drivers
- The Multifunctionality of Xanthan Gum Presents It with Various Applications
- Increase in Demand for Gluten-Free Products
- Rising Demand for Natural Food Additives
- Major Restraints
- Guar Gum as an Alternate Product
- Lucrative Opportunities
- Growth of the Oil & Gas Industry
- Emerging Markets Creating Immense Potential for Xanthan Gum
- Existing Challenges
- Strict Anti-Dumping Policies for Xanthan Gum
5. Holistic Market Analysis
- Regulatory Scenario
- Comprehensive Porter's Five Forces Analysis
- Thorough PESTLE Analysis
- Impact of COVID-19
- Strategic Ansoff Matrix Analysis
6. Detailed Global Xanthan Gum Market Analysis
- By Application
- Food & Beverages
- Pharmaceuticals
- Personal Care & Cosmetics
- Oil & Gas
- Others (Pet food, Cleansers, Textile Printing)
- By Function
- Thickening Agent
- Stabilizing Agent
- Gelling Agent
- Fat Replacer
- Others
- By Form
- Dry
- Liquid
7. Regional Market Analysis
- Americas' Xanthan Gum Market
- In-Depth Exploration of Key Countries
- Europe's Xanthan Gum Market
- Detailed Insights into European Nations
- Middle East and Africa's Xanthan Gum Market
- Comprehensive Analysis of MEA Region
- APAC's Xanthan Gum Market
- Exploration of Key Asian-Pacific Countries
8. Competitive Landscape
- Comprehensive Analyst's Competitive Quadrant Analysis
- In-Depth Market Share Analysis
For more information about this report visit https://www.researchandmarkets.com/r/gfy4qb
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