Multifunctionality of Xanthan Gums Fuels Growth of Market
According to our latest study named “Xanthan Gum Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Form (Dry and Liquid) and Application (Food and Beverages, Oil and Gas, Pharmaceuticals and Nutraceuticals, Personal Care, and Others,” the market was valued at US$ 576.11 million in 2020 and is projected to reach US$ 827.57 million by 2028; it is expected to grow at a CAGR of 4.7% from 2021 to 2028. The report highlights key factors driving the market and prominent players, along with their major developments, in the market.
Xanthan gum is a popular food additive that is widely used as a thickening agent or stabilizer. This natural polysaccharide is also used as an industrial biopolymer. It is one of the most adaptive elastic thickeners, and it works well in small quantities. Xanthan gum is highly soluble in hot and cold water, and it can absorb more water than its weight to form a gel. Aqueous solutions of xanthan are viscous at low polymer concentrations. Its unique advantages include greater viscosity at low concentrations; insensitivity to temperature, pH, and electrolyte fluctuations; and exhibition of pseudoplasticity. Xanthan gum is regarded as a non-hazardous ingredient for different brines, drilling, and fracturing fluids.
Xanthan gum is also used as a gelling agent and fat replacer in various applications in the food & beverages, pharmaceuticals and nutraceuticals, personal care, and other industries. It imparts uniform thickness to toothpaste and other similar products. Xanthan gum is used as an emulsifier, and it can prevent products from separating and falling apart. As a result, it is used in various oil-based salad dressings and cosmetics. Further, xanthan gum is added to improve texture, consistency, flavor, shelf life, and appearance of food products. Furthermore, several personal care and beauty products contain xanthan gum, and it provides the required thickness and free-flowing properties to these products. It also facilitates the suspension of solid particles in liquids. Xanthan gum has been associated with a variety of other potential health benefits, including weight loss, cancer-fighting abilities, and lowering bad cholesterol levels. Additionally, in pharmaceutical products, xanthan gum is utilized as a stabilizer in various formulations and suspensions such as vitamin supplements to prevent delamination due to temperature changes. Moreover, it is added to certain eye drops for preventing and treating ophthalmic disorders such as retinitis and choroiditis. Thus, the multifunctionality of xanthan gum is driving the market growth.
Archer Daniels Midland Company, Cargill, Incorporated, Cp Kelco, Deosen, Fufeng Group, Hebei Xinhe Biochemical Co. Ltd., Ingredion, Meihua Holdings Group Co. Ltd., Solvay S.A, and Unionchem are among the key players in the xanthan gum market.
Xanthan Gum Market Overview Xanthan Gum Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Form (Dry and Liquid) and Application (Food and Beverages, Oil and Gas, Pharmaceuticals and Nutraceuticals, Personal Care, and Others)
Xanthan Gum Market Size and Industry Analysis Report to 2028
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Impact of COVID-19 Pandemic on Xanthan Gum Market
The COVID-19 pandemic has drastically affected the sales and overall operations of industries across different regions owing to lockdown imposed for prolonged periods, restrictions enforced on international trades, shutdown of manufacturing units, travel bans that led to supply chain disintegration, shortage of raw materials, and so on. The shutdown of food & beverages plants in leading regions such as North America, Europe, and Asia Pacific has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various food & beverage ingredients. Xanthan gum is one of the key ingredients in various convenience food products, such as bakery goods, frozen food products, dairy products, and ready-to-drink (RTD) beverages. Xanthan gum manufacturers witnessed low demand owing to decrease in the sales of comfort food products during the lockdown periods. Moreover, the COVID-19 crisis adversely affected the global beauty industry in the first half of 2020. This hindered the demand for xanthan gum from the personal care industry. However, businesses are gaining pace with the relaxation of previously imposed limitations in different countries. Moreover, the rapid rate of vaccination, owing to government and corporate support, is further easing the situation for industrial and commercial sectors.
Based on form, the global xanthan gum market is segmented into dry and liquid. Based on application, the market is segmented into food and beverages, oil and gas, pharmaceuticals and nutraceuticals, personal care, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. By country, the market in North America is further segmented into the US, Canada, and Mexico. Similarly, the European market is sub segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Asia Pacific Xanthan gum market, by country, is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. The market in the Middle East & Africa, by country, is sub segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. Based on country, the xanthan gum market in South America is further segmented into Brazil, Argentina, and the Rest of SAM.
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