Xanthan Gum Market Leading Players Analysis | Aspen Aerogels, Cabot Corporation and Aerogel Technologies, LLC | Assets to MRFR

Market Overview

Xanthan Gum is a polysaccharide, which is manufactured from a wide range of sugars using fermentation process. It is mainly used as a thickener and stabilizer to improve the structural properties of the food products. Owing to these factors, they are used in the heavy end industries such as food & beverages, oil & gas, pharmaceuticals, and others. The global xanthan gum market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Among these, North America holds the major share of the global market and is projected to continue leading, owing to the increasing consumption of the product in food & beverages, oil & gas, pharmaceuticals, and others. It is estimated that the food & beverages segment is set to observe the highest CAGR in the market due to growing use of the product in sauces, gluten-free products, and others. The increasing demand for the product in oil & gas, pharmaceutical sectors have propelled the market to witness a rapid growth during the forecast period. These factors led the U.S., Canada, and Mexico to be the leading players in this region.

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Competitive Analysis

Some of the well-known players operating in the Global Xanthan Gum Market are Aspen Aerogels, Inc. (U.S.), Cabot Corporation (U.S.), Aerogel Technologies, LLC (Germany), Nano High-Tech Co., Ltd. (China), Guangdong Zhaoqing L&V Co. Ltd. (China), Active Aerogels (Portugal), Enersens SAS (France), JIOS Aerogel Limited (U.S.), BASF SE (Germany), and Svenska Aerogel AB (Sweden) among others.

Regional Analysis

The Asia Pacific market is expected to grow at a higher CAGR due to extensive consumption of the product in various food products such as ice-cream, frozen desserts, and others. The growing replacement of fatty materials by Xanthan Gum Market is projected to fuel the market in the coming years. China, Japan, and India have achieved a significant stage in the market due to rising per capita income and high disposable income in the end-use industries. Therefore, the growing demand for the product in automotive and pharmaceutical sectors is estimated to drive the market during the forecast period.

A notable development is achieved in Europe due to the growing demand for the product in end-use industries. Xanthan gum is used as a stabilizer, additive, thickeners, and others to impart superior quality and excellent taste to the final food products. Moreover, the growing innovation and technological advancement have propelled the market to witness a higher growth. Owing to these factors, countries such as Germany, the U.K., and Italy are the major contributors to this market.

A considerable development is predicted in the Latin American region such as in Brazil, Uruguay, and Argentina due to changing lifestyles and extensive use of xanthan gum in cosmetic products such as lotions, creams, and others. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to increasing demand for the product in food & beverages, oil & gas, and other sectors.

Segmentation

Global Xanthan Gum Market is segmented into the form, function, and application. On the basis of the form, the market is segregated into dry, and liquid segments. On the basis of the function, the market is sub-divided into thickeners, stabilizers, gelling agents, fat replacers, and coating materials segments. On the basis of the application, the market is bifurcated into food & beverages, oil & gas, pharmaceuticals, and others.

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This release was published on openPR.