Xanthan Gum Market Expected to Witness a Steady Growth by 2024
Deerfield Beach, FL -- (SBWIRE) -- 02/17/2017 -- Xanthan Gum Market: Overview
Xanthan gum is a sugar-like compound obtained by mixing fermented sugar with bacteria. It is primarily used as a thickening and stabilizing agent in manufacturing of food, toothpastes and medicines. It poses some properties such as, when xanthan gum get added in liquid it produce high viscosity of a liquid. Xanthan gum is also used to prepare water gels.
Xanthan Gum Market: Growth Factors
Growing oil & gas industry and food & beverage sector are the major growth driving factors for xanthan gum market. Due to the physical properties of xanthan gum, it is used in manufacturing of different cosmetics. Rising cosmetic market is projected to fuel xanthan gum demand. It also used as a substitute to saliva for dry mouth which helps to drive this market. Additionally, increasing demand for naturally sourced emulsifiers in bakery & confectionery products helps to drive the xanthan gum market.
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The report covers forecast and analysis for the xanthan gum market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2014 to 2020 based on both volume (Kilo Tons) and revenue (USD Million). The report also offers detailed competitive landscape of the global xanthan gum market. It includes company market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the xanthan gum market based on application segment and region. Oil & gas, food & beverages, pharmaceutical, cosmetics and other are application segment of xanthan gum market. The oil & gas and food & beverages segment was the leading application segment in terms of both volume and revenue.
Xanthan Gum Market: Regional Analysis
Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. This report also provides further bifurcation of region on the country level. Major countries analyzed in this reports are U.S., Germany, France, UK, China, Japan, India, and Brazil. Xanthan gum market was dominated by Asia Pacific.
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Xanthan Gum Market: Competitive Players
The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include Fufeng Group Company Ltd, Cargill, Hebei Xinhe Biochemical Co Ltd, Archer-Daniels-Midland Company, Deosen Biochemical Ltd, Gum Technology Corporation, Meihua Holdings Group Co. Ltd, Pfizer Inc, Qingdao Unichem Co Ltd., Sancho & Lee Co. Ltd. and Jungbunzlauer AG.
The report segments the global xanthan gum market into:
Global Xanthan Gum Market: Application Segment Analysis
Oil & gas
Food & beverages
Global Xanthan Gum Market: Regional Segment Analysis
Middle East & Africa
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