What is Xanthan Gum - Global Market?
Xanthan Gum, a polysaccharide secreted by the bacterium Xanthomonas campestris, has a significant global market. It's a thickening and stabilizing agent used in many industries, including food, cosmetics, and pharmaceuticals. The global market for Xanthan Gum was valued at US$ 606.7 million in 2022. It's projected to reach US$ 721 million by 2029, growing at a compound annual growth rate (CAGR) of 2.5% from 2023 to 2029. The market is dominated by three major players: Fufeng Group, Deosen Biochemical, and CP Kelco, who collectively hold about 65% of the global market share. The consumption of Xanthan Gum varies across regions, with the USA, Europe, and China accounting for 16%, 25%, and 10% of the global consumption, respectively.
Food Grade, Petroleum Grade, Pharmaceutical Grade, Cosmetic Grade, Industrial Grade in the Xanthan Gum - Global Market:
Xanthan Gum is classified into different grades based on its usage in various industries. The Food Grade Xanthan Gum is used as a thickening and stabilizing agent in food and beverages. The Petroleum Grade is used in oil drilling due to its high viscosity and tolerance to harsh conditions. The Pharmaceutical Grade is used in medicines for its binding and stabilizing properties. The Cosmetic Grade is used in personal care products for its ability to hold water and enhance product shelf life. Lastly, the Industrial Grade is used in paints, coatings, and other industrial applications. Each grade has its unique properties and applications, contributing to the overall growth of the Xanthan Gum market.
Food And Drink, Petroleum, Pharmaceutical, Cosmetics, Others in the Xanthan Gum - Global Market:
The usage of Xanthan Gum is widespread across various sectors. In the Food and Drink industry, it's used as a thickening and stabilizing agent, enhancing the texture and shelf life of products. In the Petroleum industry, it's used in oil drilling due to its high viscosity and tolerance to harsh conditions. In the Pharmaceutical industry, it's used in medicines for its binding and stabilizing properties. In the Cosmetics industry, it's used in personal care products for its ability to hold water and enhance product shelf life. Lastly, in other industries, it's used in paints, coatings, and other industrial applications. Each sector's usage contributes to the overall growth of the Xanthan Gum market.
Xanthan Gum - Global Market Outlook:
The global Xanthan Gum market is on a steady growth trajectory. Valued at US$ 606.7 million in 2022, it's projected to reach US$ 721 million by 2029, growing at a CAGR of 2.5% from 2023 to 2029. The market is dominated by three major players: Fufeng Group, Deosen Biochemical, and CP Kelco, who collectively hold about 65% of the global market share. The consumption of Xanthan Gum varies across regions, with the USA, Europe, and China accounting for 16%, 25%, and 10% of the global consumption, respectively. These figures indicate a steady demand for Xanthan Gum across various industries and regions, contributing to the overall growth of the market.
| Report Metric | Details |
| Report Name | Xanthan Gum - Market |
| Forecasted market size in 2029 | US$ 1916.8 million |
| CAGR | 1.6% |
| Forecasted years | 2023 - 2029 |
| Global Xanthan Gum market, by region: |
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| Global Xanthan Gum market, Segment by Type: |
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| Global Xanthan Gum market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
