Xanthan Gum Market Size, Share, Growth, Forecast 2032

Xanthan Gum Market Size

According to a report from Zion Market Research, the global Xanthan Gum Market was valued at USD 735.59 Million in 2023 and is projected to hit USD 1221.81 Million by 2032, with a compound annual growth rate (CAGR) of 5.8% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Xanthan Gum Market industry over the next decade.

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Xanthan Gum Market: Overview

Xanthan Gum is a general food additive which is used as a thickening agent or stabilizer to avert parting of ingredients. It is created by fermenting sugar with a bacterium called as Xanthomonas campestris.  The xanthan gum is also used in applications such as oil & gas, pharmaceuticals, personal care products, and ceramic glazes. The major factor for driving the market is its extensive use in the processed food industry as a preservative. It’s use in salad dressing as a stabilizer and thickener keeps the herbs or spices from settling out. It is also used in various sauces because of its low pH and high salts property. The recent progress in producing xanthan gum and its higher productivity has led many companies to invest in the market.

COVID-19 Impact Analysis

COVID-19 pandemic has caused both economic and social disruption. The supply chain and value chain of various industries have also been impacted by the pandemic. The market is likely to witness surge in the demand in 2021 owing to the swift recovery of the global economy.

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Xanthan Gum Market: Growth Factors

The rising food and beverages industry including gluten free products, bakery products, sauces, dairy products, pet foods and various other food products has been a key factor for the expansion of the xanthan gum market. Its use in bakery products because of its viscosity property and as a partial substitute as ingredient in various other products has augmented the growth of the market.

Growing demand for high quality personal care products such as skin care, personal use products and bathing products is expected to thrive the industry. Xanthan gum being a good binding agent, and its effective properties such as a thickener, water retaining creates a very smooth and even textured product. Its ability to act as a good anti-aging product has attracted many consumers to use these products. Along with that, the increasing awareness of its safety in skincare should in turn increase the market value.

Xanthan Gum Market: Segmentation

Function Segment Analysis          

Thickeners segment held a share of around 24.19% in 2020. The xanthan gum market has been bifurcated on the basis of function segment into thickeners, stabilizers, gelling agents, fat replacers, coating materials and others. Stabilizers accounted for the largest market share and is projected to grow at the highest CAGR during the forecast period. Stabilizers are group of compounds that are highly used in food industry such as ice-creams, dairy products, bakery products, salads dressing and many other industries. This is due to its properties of emulsification, maintaining the consistency of the food and keeping it from degrading.

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Application Industry Segment Analysis Preview

The application segment of xanthan gum market has been classified into food & beverages, oil & gas, pharmaceuticals & personal care and others. The food & beverages sector tends to hold maximum share as increasing demand for good grade products and processed food. The growing competition in the food industry and emerging trends in the development is pushing many companies to invest in the market.

Xanthan Gum Market: Report Scope

Xanthan Gum Market: Regional Analysis

The North America region holds a share of 28.17% in 2020. This is attributable to the presence of top companies such as Cargill, E. I. Du Pont De Nemours and Company, and Archer Daniels Midland Company, among others. Moreover, the increasing usage of xanthan gum in high quality elements and pharmaceuticals is expected to generate huge demand for the market in this region.

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The Asia Pacific region is projected to grow at a CAGR of 4.31% over the forecast period. The Asia Pacific region is projected to grow at a significant rate owing to the rising demand for natural and processed food & beverage products and growing health awareness among consumers. 

Xanthan Gum Market: Competitive Analysis

The global Xanthan Gum market is dominated by players like:

• Cargill
• E. I. Du Pont De Nemours and Company
• Archer Daniels Midland Company
• TIC Gums
• Solvay
• Fufeng Group Company Ltd
• Ingredion Incorporated
• Cp Kelco
• Jungbunzlauer Suisse AG
• Fuerst Day Lawson
• Hebei Xinhe Biochemical Co Ltd
• Deosen Biochemical Ltd
• Gum Technology Corporation
• Meihua Holdings Group Co. Ltd
• Wego Chemical Group

The global Xanthan Gum Market is segmented as follows:

By Function

• Thickeners
• Stabilizers
• Gelling Agents
• Fat Replacers
• Coating Materials
• Others

By Form

• Dry
• Liquid

By Application

• Food & Beverages
• Oil & Gas
• Pharmaceuticals & Personal Care
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa