Xanthan Gum Market Growing at a CAGR of 4.7% from 2021 to 2028 | Top Companies like Deosen, CP Kelco, Fufeng Group, Hebei Xinhe Biochemical

According to our latest study named "Xanthan Gum Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Form (Dry and Liquid) and Application (Food and Beverages, Oil and Gas, Pharmaceuticals and Nutraceuticals, Personal Care, and Others," the market was valued at US$ 576.11 million in 2020 and is projected to reach US$ 827.57 million by 2028; it is expected to grow at a CAGR of 4.7% from 2021 to 2028. The report highlights key factors driving the market and prominent players, along with their major developments, in the market.

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Archer Daniels Midland Company, Cargill, Incorporated, Cp Kelco, Deosen, Fufeng Group, Hebei Xinhe Biochemical Co. Ltd., Ingredion, Meihua Holdings Group Co. Ltd., Solvay S.A, and Unionchem are among the key players in the xanthan gum market.

Xanthan gum is a polysaccharide used as an additive in products such as food and beverages, pharmaceuticals, personal care products, and others. It is synthetized by the bacteria Xanthomonas campestris through the fermentation process. When sugar is fermented, a fluid is produced, which is solidified by adding alcohol. After that, it is rinsed, pressed, and dried. It is generally available in two forms-dry and liquid. Xanthan gum enhances the viscosity of fluids.

It is used as a stabilizer and thickening agent in different types of food and beverages, including bakery and confectionary products, beverages, sauces and dressings, dairy products, and ice creams. It is also used as a stabilizer and rheology modifier in personal care and pharmaceutical products. Moreover, it is used as a rheology modifier in the process of oil drilling and extraction. Xanthan gum also has various applications in the paints and pigments industries.

Xanthan gum is a common food additive that is used as a gluten alternative. Gluten is a protein that gives wheat flour its structure. Xanthan gum is typically used with non-gluten-containing flour to produce gluten-free goods with good structure and texture. FDA and USDA regulatory standards limiting the amount of gluten in food products. For instance, according to the FDA's gluten-free food labeling rule, lower than 20 parts per million is the permissible limit of gluten in products labeled "gluten-free," "no gluten," "free of gluten," or "without gluten." Moreover, xanthan gum is a vital gluten-free baking ingredient that helps baked goods hold posture and develop elasticity.

Based on application, the market is segmented into food and beverages, oil and gas, pharmaceuticals and nutraceuticals, personal care, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. By country, the market in North America is further segmented into the US, Canada, and Mexico. Similarly, the European market is sub segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Asia Pacific Xanthan gum market, by country, is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC.

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