The highly consolidated nature and a limited number
of established players in the global xanthan gum market are keeping
the level of competition controlled. Expansion of existing production
capacities and geographical outreach are the primary areas of focus
for established players to stay ahead in the market, says
Transparency Market Research (TMR) in a new study. The top three
players in the global xanthan gum market, namely CP Kelco, Fufeng
Group, and Deosen, accounted for over 58.0% of its value in 2015.
“The high capital requirement for establishment of
manufacturing facilities is creating a high entry barrier for new
players. However, lucrative growth prospects in North America are
attracting a large number of new players to venture into the market,”
says TMR’s lead analyst.
This 120 page report gives readers a comprehensive
overview of the Xanthan Gum market.Browse Market Research Report @
The global xanthan gum market stood at a value of
US$693.6 mn in 2016 and is estimated to rise to US$1,251.7 mn by
2024, expanding at a CAGR of 7.7% therein. xanthan gum market
Asia Pacific to Emerge Most Promising Regional
Market
On the basis of end user, the food and beverage
segment will continue to dominate the market until 2024, representing
70.1% of its value. The growing demand for beverages, sauces,
dressings, and dairy products is triggering the adoption of xanthan
gum in the sector. The oil and gas segment, on the other hand, will
register a CAGR higher than any other segment during the forecast
period.
Geographically, North America will continue to
command the lion’s share in the market until 2024. The development
of new technologies in order to enhance the quality of xanthan gum
and the presence of favorable regulatory policies are escalating the
growth of the region. Asia Pacific is poised to progress at a CAGR of
8.8% during the same period, owing to the robust growth of end-user
industries such as food and beverages and oil and gas.
Rapid Growth of Food and Beverage Industry Stirs
up Demand for Xanthan Gum
The food and beverage sector worldwide is expanding
at a brisk pace, owing to the rising per capita expenditure on food
products and the changing consumption patterns. Xanthan gum is used
in bakery and dairy products and therefore, the robust growth of the
industry is supplementing the growth of the global market. “Xanthan
gum offers advantages such as better acid stability, water binding
capacity, salt tolerance, and viscosity control over other
hydrocolloids, which drive its adoption across various applications
such as oil drilling, personal care, and food and beverages,” says
a TMR analyst. Moreover, the price inflation of substitutes such as
guar gum is working in favor of the global xanthan gum market.
Anti-dumping Duty on Asian Xanthan Gum Negatively
Impacts Overall Market Revenue
Xanthan gum produced in Austria and China are of
inferior quality and are sold at cheaper prices than in the
international market. This paved way for an anti-dumping duty on its
imports to the U.S., which subsequently led to a decline in the
prices of Asian xanthan gum due to oversupply in the rest of the
international market. The declining prices are adversely affecting
the overall revenue generation of the global market. In addition, the
quality concerns over Asian xanthan gum are limiting their widespread
adoption. However, the growing preference for gluten-free bakery
products is likely to act as a light at the end of the tunnel for
xanthan gum manufacturers over the coming years.
Get accurate market forecast and analysis on the
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The information in this preview comes from a TMR
report, titled “Xanthan Gum Market (End Users - Food & Beverage
(Bakery and Confectionery, Dairy and Ice Cream, Meat and Fish,
Beverages, and Sauces and Dressings), Oil & Gas, Pharmaceutical,
Personal Care, and Agrochemicals, Lab Research, Paints, and Printing
Inks) - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2016-2024.”
The global xanthan gum market has been segmented
as follows:
Xanthan Gum Market, by End User
- Food & beverage
- Bakery & Confectionery
- Dairy & Ice creams
- Meat & Fish
- Beverages
- Sauces & Dressings
- Oil & gas
- Pharmaceutical
- Personal Care
- Others (agrochemicals, lab research, paints, printing inks, etc.)
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