Press release
$1.18bn in Xanthan Gum Market Business Growth Trends And Forecast 2023 By Top Leading Companies – Cargill, CP Kelco, Pfizer, Unichem Laboratories Limited, DuPont, Solvay, Archer Daniels Midland Company
Xanthan Gum Market
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.
Europe xanthan gum market size is expected to exceed in terms of revenue at USD 235 million by 2023. Pharmaceutical applications are expected to exceed USD 10.2 million by 2023. Increasing R&D investments across the pharmaceutical industry will drive growth.
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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.
Asia Pacific xanthan gum market size was the largest among all regions and is expected to generate over USD 495 million by 2023. Increasing urbanization, rising disposable income, expansion of stores, supporting economic factors and availability of easy finance is driving regional demand. Automotive growth in India, China, Malaysia, Indonesia and Thailand is expected to fuel demand for paints and coatings manufacturers to boost regional production capacity.
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).
Industry Impact forces
• Growth drivers
1. Oil & gas industry growth
2. Booming food & beverage sector
3. Growth in cosmetic industry
4. Favorable regulation
• Industry pitfalls & challenges
1. Threat of substitute from guar gum
Xanthan Gum Market size is expected to reach USD 1.184 billion by 2023; according to a new research report by Global Market Insights, Inc.
o Xanthan Gum Application Analysis (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2023)
• Oil & gas
• Food & beverage
• Pharmaceutical
• Cosmetics
• Others
o Xanthan Gum Regional Analysis (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2023)
• North America
• Europe
• Asia Pacific
• Latin America
• MEA
Approvals from FDA and USDA for the use of product in medicines and bakery foods. FDA recognized the use of product for direct food human consumption under the Code of Federal Regulations (CFR 21) to fuel in food & beverage and pharmaceutical applications. Imposition of antidumping duties by the U.S. Department of Commerce may affect xanthan gum market price trend.
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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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.
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.
Global Market Insights has segmented the xanthan gum industry on the basis of application and region:
Browse key industry insights from the report, “Xanthan Gum Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/xanthan-gum-market
Key insights from the report include:
• Oil & gas applications are set to grow at 6.2% CAGR in revenue terms. Strong Chinese O&G indictors, will drive xanthan demand.
• MEA, led by Saudi Arabia may grow significantly, with rising health expenditure coupled with government support.
• 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.
• Increasing R&D investments by major companies to explore untapped applications of xanthan gum, anticipated to open new avenues.
Browse Related Report :
Cellulose Gum Market : https://www.gminsights.com/industry-analysis/cellulose-gum-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://technologymagazine.org
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