The growing demand for minimally processed ingredients across several sectors is anticipated to benefit the xanthan gum industry over the forecast period 2023 to 2033. It is expected to grow at 6.6% CAGR through 2033, and reach a market size of US$ 1,754.8 million.
The usage of additives in the baking industry has grown widely. As a result there is an increasing utilization of xanthan gum to modify the rheology and texture of aqueous solutions.
Xanthan gum is water-soluble and composed of high molecular weight polysaccharides. These serve a variety of functions in food systems, including forming gel structures, increasing viscosity, forming a film, inhibiting syneresis, controlling crystallization, encapsulating flavors, and improving texture. Such wide uses have led to applications across several sectors.
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Xanthan gum offers several label-friendly claims and certifications, such as organic and non-GMO/GE, as well as vegetarian and vegan options. It has also been observed that it provides shelf-life stability, improves viscosity, and offers consistent functionality.
These features of xanthan gum provide manufacturers with opportunities to increase sales in the xanthan gum market by offering products with extended shelf life and attractive labeling claims.
Companies in Western Europe are investing more in advancements in the xanthan gum technology to enhance their production capacity. Thus, technological advancements in xanthan gum production are a key driving factor for the xanthan gum industry in Western Europe.
Manufacturers are also implementing advanced technologies to produce high-quality products that cater to consumers’ evolving preferences. These advanced technologies protect food and beverage products against deterioration and challenging transits.
Key Takeaways from the Report:
- The global xanthan gum industryis expected to reach a market value of US$ 1,754.8 million with a CAGR of 6% by 2033.
- North America is anticipated to have the utmost value share of 0 % by 2023 in the xanthan gum industry globally.
- In East Asia, China is projected to reach a market valuation of US$ 171.9 million by 2033, which projects opportunities for manufacturers to increase their production capacity.
- India is estimated to register a growth rate of 6% during the forecast period.
- As per FMI analysis, the food segment is estimated to grow with a leading CAGR of 4% to reach a market value of US$ 1,120.0 million by 2033.
- The powdered form of xanthan gum is estimated to hold a global market share of 2% and a market value of US$ 202.8 million by 2033.
“The xanthan gum market is expected to expand due to rising consumer demand for natural and sustainable products along with rapid advancements in processing technology. Introduction of novel xanthan derivatives and formulations like non-GMO or vegan are expected to continue fuelling market growth through 2033.” – says a lead analyst at Future Market Insights (FMI)
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Who is Winning?
Cargill Inc, Fufeng Group, Gum Technology Corporation, CP Kelco, Meihua Group, ADM, Jungbunzlauer, E.I. Numerous DuPont, Hebei Xinhe Biochemical, Qingdao Unionchem Co. Ltd, Akshar International, Vasundhara Gums and Chemicals, Deosen Biochemical, Vanderbilt Minerals, LLC and others are the few leading players operating in the market.
These companies are expanding their product portfolios, employing strategies like advertising, partnerships, acquisitions, agreements, and mergers to maintain market relevance and drive growth in the xanthan gum industry.
For instance,
- In 2020, Fufeng Group, a China-based company that produces and sells amino acids, starch, and related products, announced a joint venture with CP Kelco to produce and market xanthan gum in Asia.
- In 2019, Deosen Biochemical Ltd. announced the expansion of its xanthan gum production capacity by 15,000 metric tons per year at its plant in China.
- In 2018, CP Kelco, a leading global producer of specialty hydrocolloid solutions, completed the acquisition of the carrageenan plant in Brazil from DuPont Nutrition & Health.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global xanthan gum industry presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
the study incorporates compelling insights on the xanthan gum market based on form (gel and powder), end-use (food, cosmetics & personal care, animal feed, pharmaceuticals, and dietary supplements) across several regions.
About Future Market Insights (FMI)
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