The global xanthan gum market revenue was around US$ 1.0 billion in 2022 and is estimated to reach US$ 1.6 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2023 to 2032.

Xanthan gum is a polysaccharide, which is a sort of complicated carbohydrate, which is utilized as a thickening agent and food additive. Xanthan gum has extraordinary properties as a stabilizer and thickener because of these properties it is widely used in food and beverage applications. In the food industry, xanthan gum assists in the formulation of creative product development and is widely used in bakery products, salad dressing, a range of soups, sauces, convenience food, frozen food, and dairy products including many others.

Factors Influencing Market Growth

- The rise in demand for xanthan gum as a stabilizing and thickening agent is anticipated to propel the growth of the global xanthan gum industry during the forecast period.

- Manufacturers might prefer to utilize alternative ingredients if they deliver specific advantages or are more cost-effective. This factor may hinder the growth of the xanthan gum market during the forecast period.

- As the demand for plant-based and vegan products increases, xanthan gum is often utilized as a substitute for animal-derived stabilizers and thickeners. This factor is anticipated to drive the growth of the market during the forecast period.

Impact of COVID-19

The COVID-19 pandemic has impacted the sales and overall functions of industries across different regions because of lockdown charges for prolonged periods, shortage of raw materials, shutdown of manufacturing units, restrictions implemented on international trades, travel bans that led to supply chain breakdown, and so on.

The shutdown of food and beverages plants in leading regions like Europe, North America, and Asia Pacific has impacted the global supply chain and negatively influenced the delivery schedules, manufacturing, and sales of different food and beverage ingredients. Xanthan gum manufacturers noticed low demand because of the drop in the sales of comfort food products during the lockdown times.

Regional Analysis

In 2022, Asia-Pacific dominated the global xanthan gum market in terms of revenue and is expected to grow at the highest growth rate during the forecast period due to the Asia-Pacific region encountering rapid urbanization and rising disposable incomes, leading to augmented demand for convenience and processed food. Applications of xanthan gum in improving the stability, texture, and quality of these products have propelled its demand.

Leading Companies

The leading prominent companies profiled in the global xanthan gum market are:

- Cargill Incorporated
- DuPont De Nemours, Inc.
- The Archer-Daniels-Midland Company
- Foodchem International Corporation
- Deosen Biochemical Ltd.
- Tate and Lyle PLC
- Ingredion Incorporated
- CP Kelco ApS
- Solvay S.A.
- C.E. Roeper GmbH.
- Other prominent key players

Segmentation Outline

The global xanthan gum market segmentation focuses on End Use Industry, Form, Grade, and Region.

Segmentation based on End Use Industry

- Food and Beverage
- Oil and Gas
- Pharmaceutical
- Personal Care and Cosmetics
- Others

Segmentation based on Form

- Powder
- Liquid

Segmentation based on Grade

- Food Grade
- Industrial Grade
- Pharmaceutical Grade
- Others

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa