Xanthan Gum Market – Current Trends, Opportunities and Challenges

Growth of oil & gas industry is expected to be one of the primary factors driving xanthan gum demand over the forecast period. The Global Xanthan Gum Market is expected to reach USD 987.7 million by 2020, according to a new study by Grand View Research, Inc.

Increasing use of xanthan gum as an emulsion across a wide array of applications including salad dressings, toppings, relishes, sauces, non-fat milk, dairy products, baked and frozen foods coupled with growth of food & beverage industry is anticipated to augment market growth.

Oil & gas and food & beverages together accounted for over 80% of xanthan gum market in terms of volume as well as revenue in 2013. Food & beverages is anticipated to be the fastest growing application of xanthan gum over the forecast period closely followed by oil & gas.

Growing population, changing lifestyle of consumers and rising number of restaurants and cafes especially in India and China coupled with increasing use of xanthan gum as a low price alternative to guar gum in a wide range of food applications is expected to result in high demand for xanthan gum.

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Increasing demand for petroleum and petrochemicals is expected to result in increasing use of xanthan gum over the forecast period as it is an important component employed in drilling fluids.

Top Players of Xanthan Gum Market:

Key market participants include Fufeng Group, Deosen Biochemical Ltd, CP Kelco, ADM, Jungbunzlauer, DuPont Danisco, Meihua Group and Pfizer Inc. Xanthan gum production is confined to the U.S., Austria, France and China.

Market Segmentation of Xanthan Gum Market:

The Global Xanthan Gum Market segmented on the basis of Application and Region.

By Application:

    Oil & gas
    Food & beverages
    Pharmaceutical
    Cosmetics

By Region:

    North America
    Europe
    Asia Pacific
    RoW

Inquire about Xanthan Gum Market with Our Experts @ https://www.grandviewresearch.com/inquiry/984

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