The xanthan gum market is projected to witness good growth during the 2018-2023 period
The recent study on the xanthan gum market covers an in-depth analysis of the market on the basis of application and geography. The report also covers the country level analysis within the regions as well. In addition, the report covers the key trends in the market along with drivers and restraints during the forecast period 2018-2023. According to the report titled “Xanthan Gum Market - Forecasts From 2018 To 2023”, the market is expected to surge with a good CAGR during the projected period. The report has segmented the xanthan gum market by the application as Salad Dressings, Bakery Products, Fruit Juices, Soups, Ice Creams, Sauces and Gravies, Syrups, Gluten-free products, low-fat foods and by geography as North America, South America, Europe, Middle East and Africa, and Asia Pacific. The demand for xanthan gum market is growing during the forecast period owing to the prevalence of people allergic to gluten or wheat protein. Xanthan gum is used as a food additive produced by the fermentation of sugar by a bacterium called Xanthomonas Campestris. It is used as a thickening agent and emulsion stabilizer. The growing trend of consuming ready-to-eat and ready-to-bake products contain xanthan gum, thus, increasing the market growth during the forecast period. Moreover, rising purchasing power with the growing demand for convenience foods is fueling the growth of the global xanthan gum market during the forecast period. Furthermore, xanthan gum finds use in a variety of applications in the food industry in addition to providing health benefits and this will provide an opportunity for sustainable growth of the global xanthan gum market in the forecast period and beyond. However, the presence of substitutes may hinder the market growth during the forecast period.
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Prevalence of people allergic to gluten or wheat protein is driving the market growth during the forecast period.
The prevalence of patient population suffering from celiac disease has led to the adoption of a gluten-free lifestyle among these individuals. Thus, xanthan gum is used to make gluten-free versions of food possible. The availability of all-purpose flour blends or gluten-free flour consists of xanthan gum which is responsible for working as a food additive in many bakery products, allowing bakers to thicken their products and their use as an emulsion stabilizer, is also escalating the growth of xanthan gums market further.
The Asia Pacific region is expected to show high growth during the forecast period.
The APAC region is poised to grow at a high CAGR owing to the growing food and beverages industry where the demand for xanthan gum is high. The growing trend of changing living conditions and adoption of ready-to-bake, ready-to-eat and convenience foods is further driving the market growth in this region. The rapid rise in China’s economy has led to the development of xanthan gum as one of the important food additives. Also, due to the growing hydrocolloids market in the APAC region where xanthan gum is considered superior to other hydrocolloids (thickening and gelling agents) is further driving the growth of the xanthan gum market in the region. Furthermore, xanthan gum is used as a low-cost alternative to guar gum in various food applications which include salad dressings, ice creams, fruit juices, soups, low-fat milk, and many more, further fueling the demand for xanthan gums.
Some of the major players discussed in the reports are Archer Daniels Midland Company, Cargill, Incorporated, and DuPont Nutrition & Health, among others.
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