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XANTHAN GUM MARKET ANALYSIS

Xanthan Gum Market, By Form (Dry and Liquid), By Function (Thickeners, Stabilizers, Fat Replacers, Coating Materials, Gelling Agents, and Others), By End-Use Industry (Food & Beverages (Meat and Poultry, Bakery, Confectionery), Pharmaceuticals, Oil and Gas, Agrochemicals, Paints and Coatings, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : Jul 2024
  • Code : CMI929
  • Pages :150
  • Formats :
      Excel and PDF
  • Industry : Food Ingredients

Xanthan Gum Market Size and Trends

The xanthan gum market is estimated to be valued at USD 735.3 Mn in 2024 and is expected to reach USD 980.8 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

Xanthan Gum Market Key Factors

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Xanthan gum is widely used as a stabilizer and thickener in the foods, cosmetics, industrial, and pharmaceutical applications. Its stable property even under extreme temperature conditions is fueling its demand globally. The xanthan gum market is expected to witness significant growth over the forecast period. Increasing demand from the food processing industry for thickening and stabilizing purposes is expected to drive the market growth. Rising health-consciousness among consumers has been increasing the demand for processed and convenient foods which use xanthan gum as a stabilizer. Expanding personal care and cosmetics industry worldwide is further supporting the market growth.

Emerging applications of xanthan gum

With several functional properties like thickening, stabilizing, and binding among others, xanthan gum has emerged as an important ingredient across many industries globally. The food and beverage industry has traditionally been the major consumer of xanthan gum, where it is used as a thickening and stabilizing agent in products like salad dressings, sauces, drinks, and dairy products. However, over the past decade xanthan gum has found several new applications outside of the food industry which are expected to drive future growth.

In the personal care industry, xanthan gum is widely gaining acceptance as a stabilizer in products such as shampoos, creams, and lotions. Several new formulations are being developed utilizing its gelling and stabilizing properties to provide enhanced texture and stability to personal care items. The unique ability of xanthan gum to immobilize oil droplets in water-based formulations makes it suitable for several stable emulsion systems. Oil and gas operators are also incorporating xanthan gum solutions to drill, cement, complete, and stimulate wells. It is employed as a thickening agent for drilling fluids and hydraulic fracturing fluids to improve the efficiency of extraction processes.  In the pharmaceutical industry, xanthan gum emerges as a promising excipient for sustained drug release formulations. Researchers are exploring its potential to develop extended release matrix tablets along with other hydrocolloids to achieve targeted drug release profiles. Preliminary studies indicate xanthan gum based formulations could enable once-a-day dosing for some drugs to improve patient compliance. With the growing chronic disease burden globally, the demand for such specialized formulations is expected to increase significantly in the coming years. If successful, it will open up new revenues streams for xanthan gum producers.

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Growing Global Consumer Preferences

Changing global consumer preferences also act as a key driver for the xanthan gum market. With rising health awareness, consumers are increasingly demanding products with clean label ingredients and without artificial preservatives, colors, or flavors. This growing trend has prompted several food companies to replace existing emulsifiers, stabilizers, and thickening agents with natural and organic alternatives such as xanthan gum. It occurs naturally and is classified as generally recognized as safe by regulatory authorities worldwide.  Manufacturers are actively promoting clean label and organic varieties of products in developed markets of North America and Europe.

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