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Global Xanthan Gum Market to Grow at a CAGR of 6.10% During 2022-2027, Aided by the Thriving Personal Care and Cosmetics Industry

According to a new report by EMR titled, ‘Global Xanthan Gum Market Report and Forecast 2022-2027’, the global market for xanthan gum attained a value of nearly USD 1080.69 million in 2021. The industry is further expected to grow at a CAGR of 6.10% between 2022 and 2027 to reach a value of nearly USD 1541.68 million by 2027.

The xanthan gum market is driven by the thriving personal care and cosmetics industry as a result of rising consumer disposable incomes, increasing population, expansion of cosmetic brands, and the thriving retail sector. Meanwhile, the anticipated increase in the demand for xanthan gum in the oil and gas industry as a viscosifier to achieve accurate drilling is likely to boost the market growth in the forecast period. Furthermore, the rising application of the product in the pharmaceutical industry owing to the rapid drug and medicine development to counter the chronic diseases is anticipated to propel the market growth.

In terms of region, the Asia Pacific is likely to account for a significant share in the market and is anticipated to witness a healthy growth in the forecast period. This can be attributed to the growing food and beverage industry in the region owing to the rising population and increasing disposable income. The rising demand for food additives is likely to propel the market for xanthan gum as a food thickener. Additionally, the increasing sales of a range of cosmetics is likely to catapult the demand for xanthan gum in the forecast period. This can be attributed to the emerging popularity of e-commerce giants such as Amazon (NASDAQ: AMZN) that offers discounts on a range of cosmetic products.

Market Breakup by Form, Function, Application, and Region:

  • The market is segmented based on form into liquid and powder.
  • Based on function, the market is divided into thickening agent, stabilising agent, suspending agent, and fat replacer, among others.
  • The significant applications of xanthan gum include food and beverages, oil and gas, pharmaceuticals, and cosmetics, among others.
  • Region-wise, the global market for xanthan gum can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for xanthan gum is being driven by the growing use of the product as a viscosifier in the oil and gas industry.
  • The growing innovations and R&D activities in the pharmaceutical sector is anticipated to augment the potential applications of the product in the market.
  • The emerging e-commerce industry is likely to propel the sales of personal care and cosmetic products, thereby accelerating the market for xanthan gum.
  • The market will further be aided by the thriving food and beverage industry in the emerging economies across the continents.

Key Offerings of the Report:

  • The EMR report gives an overview of the global xanthan gum market for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the forms, functions, applications, and major regions of xanthan gum.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global xanthan gum market are Cargill, Incorporated, Archer Daniels Midland Company, BASF SE, Ingredion Incorporated, and Deosen Biochemical Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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