Xanthan gum market industry- Global Market Trajectory & Analytics
Xanthan gum market industry by Application (Food & Beverages, Oil & Gas, Pharmaceuticals), Function (Thickeners, Stabilizers, Gelling Agents, Fat Replacers, Coating Materials), Form (Dry, Liquid), and Region - Global Forecast to 2027
Xanthan gum is a polysaccharide, which is manufactured from a wide range of sugars using fermentation process. It is mainly used as a thickener and stabilizer to improve the structural properties of the food products. Owing to these factors, they are used in the heavy end industries such as food & beverages, oil & gas, pharmaceuticals, and others. The global xanthan gum market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Some of the well-known players operating in the global xanthan gum market are Aspen Aerogels, Inc. (U.S.), Cabot Corporation (U.S.), Aerogel Technologies, LLC (Germany), Nano High-Tech Co., Ltd. (China), Guangdong Zhaoqing L&V Co. Ltd. (China), Active Aerogels (Portugal), Enersens SAS (France), JIOS Aerogel Limited (U.S.), BASF SE (Germany), and Svenska Aerogel AB (Sweden)
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The global Xanthan gum market industry is segmented into the form, function, and application. On the basis of the form, the market is segregated into dry, and liquid segments. On the basis of the function, the market is sub-divided into thickeners, stabilizers, gelling agents, fat replacers, and coating materials segments. On the basis of the application, the market is bifurcated into food & beverages, oil & gas, pharmaceuticals, and others.
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The market in North America is expected to dominate the global xanthan gum market during the forecast period.
Consumers in this region are inclined towards maintaining a healthy lifestyle and adopting healthy food habits; hence they are avoiding the consumption of food items with artificial or synthetic additives, which in turn expected to fuel the market for xanthan gum during the forecast period.
Also, rising concerns towards the use of synthetic chemical additives in skincare products have boosted manufacturers to formulate eco-friendly natural additives in cosmetic products, which is further driving the growth of xanthan gum.
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