Press release
Global Xanthan Gum Market Share Industry Size Report 2018-2024 | By Key Players Cargill, Solvay, DuPont, Pfizer, Archer Daniels Midland Company, Unichem Laboratories Limited, Meihua Holdings Group Co., Ltd., CP Kelco, Fufeng Group, Jungbunzlauer
Xanthan Gum Market
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Food & beverage dominated the market share and is expected to grow over 5.5% CAGR by 2023. Xanthan gum drives moisture retention, while inhibiting staling and prolonging shelf-life. It helps to stabilize frozen products through freeze and thaw cycles by controlling ice crystal growth.
Increased drilling activities in North America on account of growing demand for petroleum and petroleum based products in oil & gas industry to boost xanthan gum market share. Rising expenditure on technological development in oil & gas sector to increase the production output for crude oil and natural gas resulted in growing importance for enhanced oil recovery (EOR).
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Cargill
2. Deosen Biochemical Ltd
3. Fufeng Group
4. Gum Technology
5. Hebei Xinhe Biochemical Co Ltd
6. Jungbunzlauer
7. CP Kelco
8. Meihua Holdings Group Co., Ltd.
9. Pfizer
10. KANTILAL BROTHERS - India
11. Unichem Laboratories Limited
12. Archer Daniels Midland Company
13. DuPont
14. Qingdao Unionchem Co., Ltd
15. Sancho & Lee Pty Ltd
16. Solvay
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Cosmetic industry is expected to grow in revenue terms at USD 35.2 million by 2023. Growing demand for cosmetics in emerging economies owing to growing disposable income of consumers coupled with changing lifestyles mainly in India, China, Malaysia and Indonesia. Cosmetic products such as shampoos, lotions and denture cleaners are used as thickening and stabilizing agents.
• Xanthan Gum Application Analysis (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2023)
• Oil & gas
• Food & beverage
• Pharmaceutical
• Cosmetics
• Others
Browse key industry insights spread across 94 pages with 62 market data tables and 17 figures & charts from the report, “Xanthan Gum Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/xanthan-gum-market
Asia Pacific, led by China xanthan gum market size, dominated regional consumption. Rising geriatric population and changing climate conditions in China, Australia and India have raised concerns for skin problems, which are expected to fuel personal care products demand and contribute to xanthan gum market growth.
North America, driven by the U.S. xanthan gum market share, is poised to grow at 5.3% CAGR by 2023. Strong pharma spending cue will be a telling factor on demand.
Global xanthan gum market share is consolidated. Deosen Biochemical, Fufeng Group, CP Kelco, DuPont, ADM and Cargill are among notable industry players. Other participants include Pfizer, Sancho & Lee, Meihua Holdings, Solvay Group, Kantilal Brothers, Jungbunzlauer and Qingdao Unichem.
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