Xanthan Gum Market size to exceed $1.2bn by 2030

Global Xanthan Gum Market size is anticipated to surpass USD 1.2 billion by 2030, according to a new research report by Global Market Insights Inc.
 

The report indicates that the increasing expenditure on cosmetics will be a prominent driver for the market expansion, predominantly in Europe. According to statistics from Eurostat-European Commission, in 2021, cosmetic spending stood at USD 2.79 billion in the region. Germany accounted for the largest regional share and recorded USD 16.2 billion in the same year. The burgeoning cosmetic industry landscape will escalate the usage of xanthan gum in cosmetics preparation, mainly as a stabilizing and thickening agent.
 

Favorable usage attributes of xanthan gum to boost industry share from the oil and gas segment

The xanthan gum market is divided into oil and gas, food and beverages, cosmetics, pharmaceuticals, and others. The multipurpose functionalities of xanthan gum will contribute to the expansion of the oil and gas segment, which registered over 30 kilo tons in terms of volume in 2021. Xanthan gum is also utilized to thicken drilling mud and make gases and oils more viscous.
 

In addition, xanthan gum functions as a rheology modifier to create viscosity at low shear rates and improve suspension capacity in workover fluids, completion fluids, and water-based drilling fluids. The product can keep the viscosity of the drilling area at high levels while remaining largely motionless, preventing the collapse of well walls. Other usage attributes such as increased foam stability and reduced ore deposition during production in mines will further augment the use of xanthan gum in oil and gas exploration applications.
 

Browse key industry insights spread across 200 pages with 99 market data tables and 9 figures & charts from the report, “Xanthan Gum Market Analysis By Application (Food & Beverages, Oil & Gas, Pharmaceutical, Cosmetics, and Others) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/xanthan-gum-market
 

Rising acceptance of low-calorie diets to define the North America market landscape

North America xanthan gum market is set to register revenue worth around USD 420 million by 2030. Consumers in the region are gaining increasing awareness regarding the advantages of holistic diets. This factor, along with the growing consumption of plant-based and dairy-free foods, has contributed to the popularity of low-calorie foods. The rising acceptance of low-calorie diets will subsequently create a strong outlook for gum manufacturers and foster regional industry trends.
 

Product range expansions to remain a prominent growth strategy

Some of the key players profiled in the xanthan gum market report include Cargill, Incorporated, DuPont Danisco, Solvay, The Archer-Daniels-Midland Company, Fufeng Group Company Limited, CP Kelco, Fufeng Group, TIC Gums (Ingredion Inc.), Meihua Holdings Group Co. Ltd., Hebei Xinhe Biochemical Co. Ltd, and Deosen, among others. The competitive landscape of the market is projected to witness a range of product development activities and business expansions by industry participants.