Selbyville, Delaware, Oct. 01, 2019 (GLOBE NEWSWIRE) --
The xanthan gum market rise during the forecast period is owing to its increasing application in the food & beverages industry as a thickening agent and stabilizer to prevent ingredients from separating. Consumers nowadays mainly prefer gluten-free food products. Moreover, food & beverage manufacturers worldwide like Nestle, Kraft Foods and Udi are seen investing heavily to develop products that are becoming a trend among health-conscious customers.
Xanthan gum is used to increase moisture retention capacity and inhibit staling which results in increased shelf life of baked products. The product helps in stabilizing frozen consumables through freeze and thaw cycles by regulating ice crystal growth. In addition to this, approvals attained from federal agencies for use of xanthan gum in food products could support global industry trends.
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For instance, the U.S. FDA acknowledges the use of xanthan gum for direct human consumption under the CFR (Code of Federal Regulations) 21, allowing use in food & beverage and pharmaceutical products. Moreover, reports from Global Market Insights, Inc., estimates that xanthan gum market size from the food & beverage application could grow over 5.5% CAGR through 2023.
In addition to growing application in the food and beverage industry, xanthan gum has found increased penetration in the cosmetics market. The product is mainly in cosmetics as a stabilizing and thickening agent. Products such as shampoos, denture cleaners, and lotions mostly include xanthan gum as a vital ingredient. Ever rising demand for natural cosmetic products as well as increasing awareness regarding synthetic chemical-based products is likely to augment xanthan gum industry outlook.
The xanthan gum market trends are also anticipated to gain traction owing to rising consumer spending on cosmetics as well as changing urban lifestyle, especially across developing economies like India, China, Indonesia and Malaysia. In fact, the study suggests that xanthan gum market size from cosmetic industry could register a valuation of USD 35.2 million by 2023.
Use of natural gum as a supplement to synthetic chemical in the pharmaceutical industry for products like diluents, disintegrant in tablets and protective colloids in suspensions could also compliment market share. It is estimated that the xanthan gum market size from the pharmaceutical industry application could record USD 55 million by 2023.
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Regionally speaking, Asia Pacific is slated to hold the largest share in the global xanthan gum market, with revenues anticipated to reach over USD 495 million by 2023. Increasing urbanization, rising standard of living, expansion of retail stores, availability of disposable income and supportive economic factors are some key aspects driving regional market size.
Xanthan gum is also used in several oil and gas exploration activities. Increasing investment and exploration projects initiated by governments across the region could boost xanthan gum demand. For instance, the Indian government has announced NELP (New Exploration Licensing Policy) for enhancing exploration and production in the region’s oil & gas sector. Owing to this, new FDIs were observed in the country including RIL-BP deal which was worth over USD 7.9 Billion. Thus, such strategic initiatives are anticipated to boost exploration activities for drilling in oil & gas industry, which could thereby propel APAC xanthan gum market growth.
The global xanthan gum market comprises of leading market players like Deosen Biochemical, CP Kelco, DuPont, Fufeng Group, ADM, Meihua Holdings, Cargill, Pfizer, Jungbunzlauer, Sancho &Lee, Solvay Group, Kantilal Brothers, and Qingdao Unichem. These companies are increasingly investing in R&D activities and focusing actively on initiating new strategies to enhance global business reach.
Browse key industry insights spread across 90 pages with 62 market data tables and 17 figures & charts from the report, “Xanthan Gum Market By Application (Oil & Gas, Food & Beverages, Pharmaceutical, Cosmetics), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2023” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/xanthan-gum-market
Table of Contents (ToC) of the report:
Chapter 3. Xanthan Gum Industry Insights
3.1. Industry segmentation
3.2. Industry size & forecast, 2012 - 2023
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Oil & gas industry growth
3.4.1.2. Booming food & beverage sector
3.4.1.3. Growth in cosmetic industry
3.4.1.4. Favorable regulations
3.4.2. Industry pitfalls & challenges
3.4.2.1. Threat of substitute from guar gum
3.5. Growth potential analysis, 2015
3.6. Porter's analysis
3.7 Company market share analysis, 2015
3.7.1. Strategy dashboard
3.8. PESTEL analysis
3.9 Pricing trends
Browse Complete Table of Contents (ToC) @
https://www.gminsights.com/toc/detail/xanthan-gum-market
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