Xanthan Gum Market: Current Analysis and Forecast (2022-2028)

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The Xanthan Gum Market was valued at around USD 1 Billion in 2020 and is expected to grow at a CAGR of around 6% from 2022-2028.

Xanthan gum is a chain of sugar blocks that is made by fermenting simple sugar with a specific kind of bacteria. Due to its medical utility in lowering blood sugar and total cholesterol, xanthan gum has recently seen a considerable increase in demand globally. Additionally, xanthan gum is utilized as a bulk-forming laxative to treat constipation and as an alternative to saliva for patients with dry lips. Also, it is expected that rising oil demand and technological developments like enhanced oil recovery would increase oil output, driving up demand for the xanthan gum used in the oilfield for mud treatment and well completion. Furthermore, the increasing food & beverage industry and growing adoption of xanthan gum as the stabilizer and thickener in the food industry is also expected to support the market growth.

Cargill Inc., Archer Daniels Midland Company, Solvay, Cp Kelco, Fuerst Day Lawson, Ingredion Incorporated, Fufeng Group Company Ltd, FMC Biopolymer, DuPont Danisco, and Meihua Holding Group Co. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst application, food & beverage category to witness higher market growth during the forecast period”

Based on application, the market is segmented into oil & gas, food & beverage, pharmaceutical & personal care, and others. The food & beverage segment is expected to witness significant growth during the forecast period due to their growing adoption in the food industry as an additive for frozen food and dairy product. Additionally, xanthan gum aids in the acceptance of gluten-free snacks by giving them a textural similarity to wheat and other foods. Also, xanthan gum is utilized in a variety of different food products, such as meat and poultry, sauces and dressings, bakery goods, candies, and more. Xanthan gum is widely used as a thickening agent for food with a swallowing impairment since it does not alter the flavor or color of the food.

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“Amongst function, the stabilizing segment to hold a significant CAGR in the market in 2020”

On the basis of function, the market is categorized into stabilizing agents, thickening agents, fat replacers, suspending agents, and others. The stabilizing segment is expected to witness a significant CAGR during the forecast period owing to its stability at low pH and high temperature. Additionally, the increased need for xanthan gum as a stabilizer in toothpaste, lotion, and shampoos is anticipated to drive the demand in the near future due to its high viscosity at a lower concentration that enables them to maintain their shape. Also, xanthan gum has the ability to bind the water more strongly compared to any other hydrocolloids and shows excellent resistance towards salts, temperature, alcohol, pH, and enzymes than other polymers along with the strong synergistic interaction with galactomannans and is expected to support the market growth during the forecast period.

“Asia-Pacific to hold a significant share in the market”

In 2020, Asia-Pacific held a significant share of the global xanthan gum market. This is mainly due to the increasing adoption in the food & beverage industries along with the expansion of the beauty & cosmetic industry, and oil & gas industry among others. Additionally, the region’s rising economies and increase in personal purchasing power are expected to boost market expansion. Additionally, the increasing demand for oil & gas and exploration activities in the countries such as China, Malaysia, and India are expected to propel the demand for xanthan gum in the region. Furthermore, the rising awareness of individuals toward the dermatological condition and increasing adoption in the medicinal industry contributes to the growth in the region. Moreover, the increasing investment along with the new product launch and growing research & development activities in the region is expected to propel the demand for the xanthan gum during the forecast period.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

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Research Methodology

Research Methodology for the Xanthan Gum Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global xanthan gum market were the three major steps undertaken to create and analyze the adoption of xanthan gums in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global xanthan gum market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the xanthan gum market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the xanthan gum market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as function, form, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

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Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the xanthan gum market. Further, we conducted factor analysis using dependent and independent variables such as function, form, and applications of xanthan gums. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the xanthan gum market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global xanthan gum market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the xanthan gum market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global xanthan gum market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global xanthan gum market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of function, form, and application in the global xanthan gum market.

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The main objective of the Global Xanthan Gum Market Study

The current & future market trends of the global xanthan gum market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the xanthan gum market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of function, form, and application.
• Define and analysis of the regulatory framework for the xanthan gum
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the xanthan gum market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the xanthan gum market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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