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Xanthan Gum Market is projected to showcase significant growth from Food & Beverage sector
Xanthan Gum Market
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Rising demand for food & beverages across the globe due to growing population along with improved consumer lifestyle in BRICS countries is expected to favorably affect xanthan gum market size over the coming years. Food & beverages sector contributed a revenue of USD 8.50 trillion in 2004, which exceeded USD 15 trillion in 2015. The product is extensively used in this sector due to its ability to enhance moisture retaining capacity and improve shelf life of baked items.
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. Solvay
Xanthan Gum finds wide applications in cosmetic products such as lotions, denture cleaners, and shampoos due to its thickening & stabilizing property. Furthermore, FDA and USDA approval for the use of xanthan gum in bakery foods and medicines will provide huge growth opportunities for the industry over the coming years. European commission has also approved the use of xanthan gum as an emulsifier, gelling agent, thickener, and stabilizer in food & beverages sector. According to Global Market Insights, Inc., “Xanthan Gum Market size is anticipated to reach USD 1.2 billion by 2023.”
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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.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.
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.
Glimpse of Table of Content (ToC)
Chapter 3. Xanthan gum Market Insights
3.1. Xanthan Gum Market segmentation
3.2. Xanthan Gum Market Size and forecast, 2012 – 2023
3.3. Xanthan Gum Market ecosystem analysis
3.3.1. Vendor matrix
3.4. Industry Impact forces
3.4.1. Growth drivers
3.4.1.1. Oil & gas industry growth
3.4.1.2. Booming food & beverage sector
3.4.1.3. Growth in cosmetic industry
3.4.1.4. Favorable regulations
3.4.2. Industry pitfalls & challenges
3.4.2.1. Threat of substitute from guar gum
3.5. Growth potential analysis
3.6. Porter’s analysis
3.7 Company market share analysis, 2015
3.8. PESTEL analysis
3.9 Pricing trends
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/xanthan-gum-market
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
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.
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