Xanthan Gum Market By Analysis of Major Industry Segments 2016 - 2024

According to a research report released by Transparency Market Research, the degree of competition in the global xanthan gum market is expected to change over the coming years due to a very high scope of entry by newer players from North America. From the global market’s perspective, this threat is likely to remain moderate due to the leading production rates by other regions. The global xanthan gum market is predicted to expand at a CAGR of 7.7% in revenue, within a forecast period from 2016 to 2024. This revenue is expected to reach US$1.25 bn by the end of 2024, after reaching US$651.5 mn at the end of 2015. In terms of volume, the global xanthan gum market is expected to expand at a CAGR of 7.3% for the same forecast period.

View Full Report: https://www.transparencymarketresearch.com/xanthan-gum-market.html

The global xanthan gum market’s overall volume-based demand has predominantly been led by Asia Pacific. In 2015, Asia Pacific took up 35% of the market’s global share in volume. Furthermore, this region is expected to show a phenomenal rate of growth in demand for xanthan gum over the coming years, primarily due to the massive demand for it in China. In terms of countries, China, the U.S., and Canada have been the leaders in consumption rate of xanthan gum. Key players in the global market are currently looking at emerging economies especially from the Asia Pacific region to improve their revenue generation. Countries such as India along with the leading consumer of xanthan gum – China – are expected to show a very high requirement for it in their food and beverage industries. Based on the key regions, Asia Pacific followed by North America are expected to be very beneficial areas for players in the global xanthan gum market. The demand for xanthan gum is expected to mature soon, while Latin America and the Middle East and Africa are expected to show a slower growth in demand.

The global xanthan gum market is expected to remain consolidated in nature, owing to the large presence of globally prominent players and their recent moves on capacity expansion. In 2015, Fufeng Group Company Limited, CP Kelco, and Deosen had dominated the global xanthan gum market in terms of revenue generation. At the time, they had captured almost 58.1% of the global xanthan gum market. Given the overall consolidated market nature, these players are likely to remain in the lead for the time being.

Report Overview, with TOC - https://www.transparencymarketresearch.com/report-toc/8737

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.