Zion Research has published a new report titled “Xanthan Gum
Market for Oil and Gas, Food and Beverage, Pharmaceutical, Cosmetics, and Other
Applications - Global Industry Perspective, Comprehensive Analysis, and
Forecast, 2015 – 2021.” According to the report, global demand for xanthan gum
market was valued at USD 880.5 million in 2015, is expected to
reach USD 1,269.6 million in 2021 and is anticipated to grow at a CAGR of 6.2%
between 2016 and 2021.
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Xanthan gum is a polysaccharide derived from raw materials
such as wheat, corn or soya. The raw material is fermented with bacteria named
Xanthomonas campestris. Xanthan gum is primarily utilized as an additive and
rheology modifier in the food industry. It is widely used as a thickening and
stabilizing agent and possesses high viscosity. Additionally, xanthan gum helps
to stimulate the digestive system and also help to produce saliva in the mouth.
It has the broad range of applications including pharmaceutical, food and
beverages, cosmetics, oil and gas and others.
The global Xanthan gum market is primarily driven by rapidly
increasing demand from the food industry across the globe. Additionally,
growing usage of Xanthan gum in oil and gas industry is expected to drive the
demand in near future. However, the potential threat of substitution from guar
gum is expected to negatively impact the market growth. Nonetheless, increased
investment in R&D by major companies is likely to generate new growth
avenues for the market players within the forecast period. However, the
potential threat of substitution from guar gum is expected to negatively impact
the market in the forecast period.
On the basis of application, the global Xanthan gum market
is classified into oil & gas, food & beverages, pharmaceutical,
cosmetics and others (including adhesives, textiles, lubricants, etc). Among
all segments, oil and gas were the largest application segment of Xanthan gum
market in 2015. It accounted for around 42% share of the entire volume
consumption in 2015. Oil and gas segment is also expected to be one of the
fastest growing segments of Xanthan gum market owing to increasing oil and gas
products coupled with advancing investment and technology for oil & gas
production.
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Food & beverages were the one of the largest application
segment of Xanthan gum market in 2015 owing to increasing demand for food
industry applications. Pharmaceutical, cosmetics, and other application
segments are considered to have moderate growth of xanthan gum market in coming
years.
Geographically, Asia-Pacific was the largest market for
Xanthan gum in 2015. It accounted for more than 50% share of the total volume
of Xanthan gum market. Furthermore, this trend is expected to continue in
near future. The market growth in the region is mainly attributed by advancing
technologies and developing infrastructure for oil & gas production
especially in emerging economies such as China, India, and Japan. Asia
Pacific was followed by North America and Europe in 2015. North America and
Europe are estimated to have decent growth for xanthan gum in near future.
Furthermore, Latin America, Middle East, and Africa are projected to witness
the moderate growth for xanthan gum market owing to the rising demand for oil
& gas fracturing process and emerging food & beverages industry in the
region within the forecast period.
Some of the key manufacturers of global Xanthan gum market
include Fufeng Group Company Ltd, Cargill, Hebei Xinhe Biochemical Co Ltd,
Archer-Daniels-Midland Company, Deosen Biochemical Ltd, Gum Technology
Corporation, Meihua Holdings Group Co. Ltd, DuPont, CP Kelco U.S. Inc, Wego
Chemical Group and Jungbunzlauer AG.
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The global Xanthan gum market has been segmented as follows:
Xanthan Gum Market: Application Analysis
·
Oil & gas
·
Food & beverages
·
Pharmaceutical
·
Cosmetics
·
Others (Adhesives,
textiles, lubricants, etc.)
Xanthan Gum Market: Regional Analysis
·
North America
o
U.S.
·
Europe
o
UK
o
France
o
Germany
·
Asia Pacific
o
China
o
Japan
o
India
·
Latin America
o
Brazil
·
Middle East & Africa
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