Global Xanthan Gum Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Xanthan Gum Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Xanthan gum is a polysaccharide with many industrial uses, including as a common food additive. It is an effective thickening agent and stabilizer to prevent ingredients from separating. It can be produced from simple sugars using a fermentation process and derives its name from the species of bacteria used, Xanthomonas campestris.

Market Overview:

The latest research study on the global Xanthan Gum market finds that the global Xanthan Gum market reached a value of USD 43.34 million in 2022. It’s expected that the market will achieve USD 62.28 million by 2028, exhibiting a CAGR of 6.23% during the forecast period.

Drivers

As a good oil displacing agent and a good mobile control agent, xanthan gum can improve oil recovery and low production cost of xanthan gum.
With the demand for gluten-free foods in recent years, food additives such as xanthan gum will gradually become more popular among consumers. With the upgrading of the industry and the growing demand for nutrition and food safety, high-quality and high-quality food additives such as xanthan gum will usher in greater demand growth.

Region Overview:

China had the highest growth rate of all regions.

Company Overview:

CP Kelco is one of the major players operating in the Xanthan Gum market, holding a share of 31.64% in 2018.

CP Kelco ApS manufactures specialty hydrocolloids. It offers carrageenans for food, household, and personal care industries; cellulose gums/carboxymethyl celluloses; diutan gums/biopolymers for applications such as gypsum and hydraulic cementitious materials, and oilfield drilling fluids; and gellan gums for food, beverage, personal care, industrial cleaner, and paper markets.

Fufeng Group Limited, an investment holding company, engages in the manufacture and sale of fermentation-based food additive, and biochemical and starch-based products in the People’s Republic of China and internationally. It operates through two segments, Amino Acid and Xanthan Gum. The company manufactures and sells glutamic acid, monosodium glutamate, corn refined products, xanthan gum, fertilizers, starch sweeteners, threonine, corn oil, compound seasonings, synthetic ammonia, amino acid products, pharmaceuticals, and bricks; and autoclaved aerated concrete blocks.

Segmentation Overview:

Among different product types, Food grade segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Food segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Xanthan Gum market covered in Chapter 3:

Meihua Group
CP Kelco
Fufeng Group
Deosen Biochemical Ltd.
Hebei Xinhe Biochemical
Jian Long Group
DuPont Danisco
Ingredion Incorporated
ADM
Cargill
Jungbunzlauer Holding AG

In Chapter 4 and Chapter 14.2, on the basis of types, the Xanthan Gum market from 2018 to 2029 is primarily split into:

Food grade
Oilfield Grade
Pharmaceutical Grade & Cosmetics Grade
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Xanthan Gum market from 2018 to 2029 covers:

Food
Pharmaceuticals
Oil drilling
Toothpaste
Skin care / personal care
Agchem
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)