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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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 Report Snapshots
Xanthan Gum Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global xanthan gum market attained a value of nearly USD 1216.56 million.
The market is estimated to grow at a CAGR of 6.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 2072.87 million by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the rising application of xanthan gum in various industries including oil and gas, and pharmaceutical, among others, increasing application of xanthan gum in condiments, and as a thickening agent in the food industry, increasing sales of cosmetics, and rapid urbanisation.
The growing R&D activities in the pharmaceutical industry are expected to be the key trends guiding the growth of the industry.
Liquid and powder are the major forms included in the market.
Thickening agent, stabilising agent, suspending agent, and fat replacer, among others are the major functions of the product.
Food and beverages, oil and gas, pharmaceuticals, and cosmetics, among others are the different applications of the product.
The major players in the industry are Cargill, Incorporated, Archer Daniels Midland Company, BASF SE, Ingredion Incorporated, and Deosen Biochemical Ltd., among others.
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