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Xanthan Gum Market Share in Food & Beverage Industry Will Expand with A Significant CAGR of 5.5% Till 2023

Author : Ronak Bora | Published Date : 2019-08-08 
Food & beverage dominated the xanthan gum market share and is expected to grow over 5.5% CAGR by 2023. Xanthan gum drives moisture retention, while inhibiting staling and prolonging shelf-life. It helps to stabilize frozen products through freeze and thaw cycles by controlling ice crystal growth.

Rising demand for food & beverages across the globe due to growing population along with improved consumer lifestyle in BRICS countries is expected to favorably affect xanthan gum market size over the coming years. Food & beverages sector contributed a revenue of USD 8.50 trillion in 2004, which exceeded USD 15 trillion in 2015. The product is extensively used in this sector due to its ability to enhance moisture retaining capacity and improve shelf life of baked items.

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According to Global Market Insights, Inc., “Xanthan Gum Market size is anticipated to reach USD 1.2 billion by 2023.” Xanthan Gum finds wide applications in cosmetic products such as lotions, denture cleaners, and shampoos due to its thickening & stabilizing property. Furthermore, FDA and USDA approval for the use of xanthan gum in bakery foods and medicines will provide huge growth opportunities for the industry over the coming years.  European commission has also approved the use of xanthan gum as an emulsifier, gelling agent, thickener, and stabilizer in food & beverages sector.

Asia Pacific, led by China xanthan gum market size, dominated regional consumption. Rising geriatric population and changing climate conditions in China, Australia and India have raised concerns for skin problems, which are expected to fuel personal care products demand and contribute to xanthan gum market growth.
 
North America, driven by the U.S. xanthan gum market share, is poised to grow at 5.3% CAGR by 2023. Strong pharma spending cue will be a telling factor on demand.
Europe xanthan gum market size is expected to exceed in terms of revenue at USD 235 million by 2023. Pharmaceutical applications are expected to exceed USD 10.2 million by 2023. Increasing R&D investments across the pharmaceutical industry will drive growth.

 Browse key industry insights spread across 94 pages with 62 market data tables and 17 figures & charts from the report, “Xanthan Gum Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/xanthan-gum-market

Global xanthan gum market share is consolidated. Deosen Biochemical, Fufeng Group, CP Kelco, DuPont, ADM and Cargill are among notable industry players. Other participants include Pfizer, Sancho &Lee, Meihua Holdings, Solvay Group, Kantilal Brothers, Jungbunzlauer and Qingdao Unichem.
 

Glimpse of Table of Content (ToC)

 

Chapter 3.   Xanthan gum Market Insights

3.1.   Xanthan Gum Market segmentation

3.2.   Xanthan Gum Market Size and forecast, 2012 - 2023

3.3.   Xanthan Gum Market ecosystem analysis

3.3.1.    Vendor matrix

3.4.   Industry Impact forces

3.4.1.    Growth drivers

3.4.1.1. Oil & gas industry growth

3.4.1.2. Booming food & beverage sector

3.4.1.3. Growth in cosmetic industry

3.4.1.4. Favorable regulations

3.4.2.    Industry pitfalls & challenges

3.4.2.1. Threat of substitute from guar gum

3.5.   Growth potential analysis

3.6.   Porter's analysis

3.7    Company market share analysis, 2015

3.8.   PESTEL analysis

3.9    Pricing trends

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/xanthan-gum-market

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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