Global Xanthan Gum Market is expected to reach USD 987.7
million by 2020, according to a new study by Grand View Research, Inc. Growth
of oil & gas industry is expected to be one of the primary factors driving
xanthan gum demand over the forecast period. Increasing use of xanthan gum as
an emulsion across a wide array of applications including salad dressings,
toppings, relishes, sauces, non-fat milk, dairy products, baked and frozen
foods coupled with growth of food & beverage industry is anticipated to
augment market growth.
Global xanthan gum market volume, by application, 2012 - 2020 (Kilo Tons) |
Oil
& gas and food & beverages together accounted for over 80% of xanthan
gum market in terms of volume as well as revenue in 2013. Food & beverages
is anticipated to be the fastest growing application of xanthan gum over the
forecast period closely followed by oil & gas. Growing population, changing
lifestyle of consumers and rising number of restaurants and cafes especially in
India and China coupled with increasing use of xanthan gum as a low price
alternative to guar gum in a wide range of food applications is expected to
result in high demand for xanthan gum. Increasing demand for petroleum and
petrochemicals is expected to result in increasing use of xanthan gum over the
forecast period as it is an important component employed in drilling fluids.
Browse full
research report on Xanthan Gum Market: www.grandviewresearch.com/industry-analysis/xanthan-gum-market
Further
Key Findings From the Study Suggest:
- Asia Pacific was the largest market accounting
for over 40% of global xanthan gum volume share in 2013. Food &
beverage growth in China, India, Malaysia and Singapore is expected to
drive xanthan gum market over the forecast period. In addition, growing
oil & gas production in China on account of their rising demand in
automobile and chemical industries is expected to have a positive impact
on xanthan gum market over the next six years.
- Xanthan gum market demand in pharmaceutical
applications accounted for less than 5% in 2013. Xanthan gum is primarily
used to retard drug release in tablets and is compatible with numerous
stabilizers and thickeners. Growth in the pharmaceutical industry is
likely to propel xanthan gum demand over the next six years.
- Recovery of pharmaceutical industry in the U.S.
is expected to drive xanthan gum market growth over the forecast period.
Positive industry outlook of pharmaceutical sector in China and India on
account of favorable FDI policies and supporting regulatory policies to
boost domestic production output is expected to have a positive impact on
xanthan gum market.
- U.S. Department of Commerce announced
antidumping duties on imports of xanthan gum from China. This move is
anticipated to restrict the supply of xanthan gum manufactured in China.
Companies operating in China, including Fufeng and Deosen, are likely to
be negatively impacted by the implementation of antidumping duties in the
U.S. Antidumping duties are anticipated to be in the range of 15% to 154%.
- Key market participants include Fufeng Group,
Deosen Biochemical Ltd, CP Kelco, ADM, Jungbunzlauer, DuPont Danisco,
Meihua Group and Pfizer Inc. Xanthan gum production is confined to the
U.S., Austria, France and China. Raw material availability in China and
Austria is anticipated to force market players to maintain their
manufacturing units in vicinity.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
For the purpose of this study, Grand View Research has segmented the
global xanthan gum market on the basis of application and region:
Global
Xanthan Gum Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012
- 2020)
- Oil
& gas
- Food
& beverages
- Pharmaceutical
- Cosmetics
- Others
Global
Xanthan Gum Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 -
2020)
- North
America
- U.S.
- Europe
- Russia
- Germany
- Netherlands
- Asia
Pacific
- China
- India
- RoW
- Brazil
- Saudi
Arabia
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-xanthan-gum-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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