According to a new report, published by KBV research, The Global Xanthan Gum Market size is expected to reach $1.8 billion by 2031, rising at a market growth of 9.0% CAGR during the forecast period. In the year 2023, the market attained a volume of 28,356.55 Tonnes experiencing a growth of 14.5% (2020-2023).
Innovation is a driving force in the xanthan gum market, leading to the development of novel formulations, production techniques, and applications. These innovations aim to enhance xanthan gum’s functionality, performance, and sustainability, catering to evolving consumer preferences and industry needs. For instance, researchers and manufacturers are exploring various methods to modify the molecular structure of xanthan gum to improve specific properties such as solubility, stability, and rheological behavior.
The Powder segment is experiencing a CAGR of 8.7 % during the forecast period. Powdered xanthan gum is easier to handle and store than other forms, such as liquid or gel. It can be easily measured, dispersed, and incorporated into various formulations, making it convenient for manufacturers.
The Food & Beverage segment led the maximum revenue in the Global Xanthan Gum Market by End Use Industry in 2023, thereby, achieving a market value of $903.7 million by 2031. This segment benefits from the rising consumer demand for processed and convenience foods, where xanthan gum serves as a key thickening and stabilizing agent. Its ability to enhance texture and improve the mouthfeel of products makes it a popular choice among food manufacturers.
The Food Grade Segment is growing at a CAGR of 8.5 % during the forecast period. This grade is predominantly utilized in the food and beverage industry due to its excellent thickening and stabilizing properties. It is commonly found in products like salad dressings, sauces, and gluten-free baked goods. The growing demand for convenience foods and the increasing trend of clean-label products have further boosted its market share.
Full Report: https://www.kbvresearch.com/xanthan-gum-market/
The Asia Pacific region dominated the Global Xanthan Gum Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $763.3 million by 2031. The North America region is anticipated to grow at a CAGR of 8.6% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 8.7% during (2024 - 2031).
By Form (Volume, Tonnes, USD Billion, 2020-2031)
By End Use Industry (Volume, Tonnes, USD Billion, 2020-2031)
By Grade (Volume, Tonnes, USD Billion, 2020-2031)
By Geography (Volume, Tonnes, USD Billion, 2020-2031)
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