Global Xanthan Gum Market Report and Forecast 2024-2032

Global Xanthan Gum Market Outlook

The global xanthan gum market stood at a value of around USD 1216.56 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of about 6.1% to reach nearly USD 2072.87 million by 2032.

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Increasing Utilisation as a Thickening Agent to Aid the Global Xanthan Gum Industry

Thickening agents can substantially change the properties of a substance by increasing its viscosity. Hence, the rising demand for edible thickening agents in various food items such as sauce, pudding and soup, wheat flour, and desserts, among others is likely to accelerate the growth of the segment in the forecast period. Moreover, the increasing inclination of consumers towards natural thickening agents is likely to be a major driving factor in the market, owing to the fact that xanthan gum is 100% natural.

The Asia Pacific Accounts for a Significant Share in the Market

The xanthan gum industry in the Asia Pacific is driven by the growing food and beverage industry in the region, as xanthan gum is widely utilised in gluten-free baking processes to prepare several products including cookies, cakes and pancakes, muffins and quick breads, breads, pizza dough, and salad dressings.   Moreover, the rising population in the region is also aiding the market.  Meanwhile, the significant growth of the personal care and cosmetics industry in emerging countries in the region is anticipated to augment the market in the forecast period.

Xanthan Gum: Market Segmentation

Xanthan gum is defined as a polysaccharide which is utilised as a thickening agent or stabiliser. The compound is obtained by the fermentation of carbohydrates in a bacteria known as Xanthomonas Campestris. It has the ability to change the texture of certain materials. The compound is edible and is extensively applied in various end use industries including food and beverage, pharmaceutical, and oil and gas, among others.

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Based on form, the market can be segmented into:

• Liquid
• Powder

The major functions of xanthan gum include:

• Thickening Agent
• Stabilising Agent
• Suspending Agent
• Fat Replacer
• Others

The significant applications of the product include:

• Food and Beverages
• Oil and Gas
• Pharmaceuticals
• Cosmetics
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Diverse Applications of Xanthan Gum in Various End Use Sectors to Boost the Growth of the Xanthan Gum Industry

The diverse application of xanthan gum in various end use sectors such as food and beverage, oil and gas, pharmaceuticals, personal care, and cosmetics, among others is driving the market growth. Among these, the food and beverage accounts for a significant share in the market owing to the rising population, rising demand for condiments, and increasing inclination towards natural food thickeners. In addition to this, a significant increase in the demand for xanthan gum is anticipated in the pharmaceutical industry owing to its application as a gelling agent, binder, and disintegrant, which is expected to provide impetus to the market in the forecast period.

Key Industry Players in the Global Xanthan Gum Market

The report gives a detailed analysis of the following key players in the global xanthan gum market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Cargill, Incorporated
• Archer Daniels Midland Company
• BASF SE
• Ingredion Incorporated 
• Deosen Biochemical Ltd.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

Xanthan Gum Market Report Snapshots

Xanthan Gum Market Size

Xanthan Gum Market Growth

Xanthan Gum Market Regional Analysis

Xanthan Gum Companies