The Growing Demand for Minimally Processed Ingredients Propels the Xanthan Gum Market, Forecasted to Reach US$ 1,754.8 Million by 2033.
The xanthan gum market is poised for remarkable growth during the forecast period 2023 to 2033, with a projected CAGR of 6.6%. This industry is set to expand significantly, driven by the escalating demand for minimally processed ingredients across various sectors.
In the baking industry, the usage of additives has witnessed a substantial surge, leading to increased adoption of xanthan gum. This versatile ingredient is employed to modify the rheology and texture of aqueous solutions, offering flexibility and enhancing product quality.
Being water-soluble and comprised of high molecular weight polysaccharides, xanthan gum serves several crucial functions in food systems. It helps form gel structures, increase viscosity, form a protective film, inhibit syneresis, control crystallization, encapsulate flavours, and improve texture. Consequently, the applications of xanthan gum span multiple sectors, and it is a vital ingredient in various industries.
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Xanthan gum offers several label-friendly claims and certifications, such as organic and non-GMO/GE and vegetarian and vegan options. It has also been observed that it provides shelf-life stability, improves viscosity, and offers consistent functionality.
These features of xanthan gum provide manufacturers with opportunities to increase sales in the xanthan gum market by offering products with extended shelf life and attractive labeling claims.
Western European companies are investing more in advancements in the xanthan gum technology to enhance their production capacity. Thus, technological advancements in xanthan gum production are a key driving factor for the xanthan gum industry in Western Europe.
Manufacturers are also implementing advanced technologies to produce high-quality products that cater to consumers’ evolving preferences. These advanced technologies protect food and beverage products against deterioration and challenging transits.
Key Takeaways from this Xanthan Gum Market Report:
- The global xanthan gum industry is expected to reach a market value of US$ 1,754.8 million with a CAGR of 6.6% by 2033.
- North America is anticipated to have the highest value share of 27.0 % by 2023 in the global xanthan gum industry.
- In East Asia, China is projected to reach a market valuation of US$ 171.9 million by 2033, which projects opportunities for manufacturers to increase their production capacity.
- India is estimated to register a growth rate of 6.6% during the forecast period.
- As per FMI analysis, the food segment is estimated to grow with a leading CAGR of 6.4% to reach a market value of US$ 1,120.0 million by 2033.
- The powdered form of xanthan gum is estimated to hold a global market share of 84.2% and a market value of US$ 202.8 million by 2033.
“The xanthan gum market is expected to expand due to rising consumer demand for natural and sustainable products and rapid processing technology advancements. Introduction of novel xanthan derivatives and formulations like non-GMO or vegan are expected to continue fuelling market growth through 2033,” – says a lead analyst at Future Market Insights (FMI).
Top Companies in the Xanthan Gum Market.
- Cargill Inc
- Fufeng Group
- Gum Technology Corporation
- CP Kelco
- Meihua Group
- ADM
- Jungbunzlauer Suisse AG
- E.I. Numerous DuPont
- Hebei Xinhe Biochemical
- Qingdao Unionchem Co. Ltd
- Akshar International
- Vasundhara Gums and Chemicals
- Deosen Biochemical
- Vanderbilt Minerals, LLC
These companies are expanding their product portfolios, employing strategies like advertising, partnerships, acquisitions, agreements, and mergers to maintain market relevance and drive growth in the xanthan gum industry.
For instance,
- In 2020, Fufeng Group, a China-based company that produces and sells amino acids, starch, and related products, announced a joint venture with CP Kelco to produce and market xanthan gum in Asia.
- In 2019, Deosen Biochemical Ltd. announced the expansion of its xanthan gum production capacity by 15,000 metric tons per year at its plant in China.
- In 2018, CP Kelco, a leading global producer of specialty hydrocolloid solutions, completed the acquisition of the carrageenan plant in Brazil from DuPont Nutrition & Health.
Get More Valuable Insights:
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global xanthan gum industry presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
the study incorporates compelling insights on the xanthan gum market based on form (gel and powder), and end-use (food, cosmetics & personal care, animal feed, pharmaceuticals, and dietary supplements) across several regions.
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Market Segmentation by Category:
By Form:
- Powder
- Gel
By End Use:
- Food
- Salad Dressing
- Meat & Meat Products
- Bakery Products
- Beverages
- Prepared/Ready-teat Food
- Frozen Food
- Dairy Products
- Confectionery
- Snacks
- Cosmetics & Personal Care
- Skincare Products (Creams & Lotions)
- Hair Care Products (Shampoo)
- Oral Care Products
- Toiletries
- Animal Feed
- Pet Food
- Liquid Milk Replacers
- Feed
- Pharmaceuticals
- Dietary Supplements
By Region:
- North America
- Europe
- Latin America
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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