Global Xanthan Gum market size demand was 138.6 kilotons in 2020 and is expected to grow at a CAGR of 5% over the forecast period.
The growing demand for gluten-free food and beverage additives is expected to drive up demand. In addition, the increased demand for products to improve oil recovery operations is expected to boost industry growth. The industry is dominated by a handful of major players including ADM, Jungbunzlauer, Cargill, Danisco, Fufeng Group Company Ltd and CP Kelco. Strategic initiatives taken by major players in the market, such as joint ventures and partnerships, are expected to strengthen their position in the industry.
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Xanthan Gum Market Segmentation
By Form
• Dry
• Liquid
By Function
• Thickener
• Stabilizer
• Fat Replacer
• Coating Material
• Others
By Application
Food & Beverages
• Bakery & Confectionary
• Beverages
• Dairy & Frozen Desserts
• Sauces, Dressings & Dips
• Meat, Poultry, & Seafood
• Others
Pharmaceuticals & Nutraceuticals
• Personal Care
• Others
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
