The xanthan gum market is projected to grow at a CAGR of 4.72% to reach US$1,004.359 million by 2024, from US$761.737 million in 2018. The prevalence of people who are allergic to gluten or wheat protein is one of the drivers driving the growth of the global xanthan gum market. Xanthan gum, a popular food additive is added to food as a thickener or stabilizer. It is formed when the sugar is fermented by a bacterium known as Xanthomonas campestris. This improves the texture, consistency, flavor, shelf life and food appearance. Also, used in gluten-free cooking as it provides elasticity and fluffiness which is provided by the traditional baked goods. Salad dressings, bakery products, fruit juices, soups, ice creams, sauces and gravies, and many other food items contain xanthan gum.
The “Xanthan Gum Market – Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by form, function, industry vertical, and geography.
The xanthan gum market has been segmented based on form, function, industry vertical, and geography. By form, the market has been segmented on the basis of dry and liquid. By function, the market has been segmented as thickener, stabilizer, coating material, and others. By industry vertical, the market has been segmented into oil and gas, food and beverages, pharmaceuticals, cosmetics and personal care, and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 14 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the xanthan gum market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the xanthan gum market.
The xanthan gum market has been analyzed through the following segments: