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Xanthan Gum Market is projected to grow at a CAGR of 3.25% from 2016 to 2022

 



(ARABNEWSWIRE.COM, June 06, 2018 ) The xanthan gum market is projected to grow at a CAGR of 3.25% from 2016 to 2022, to reach a projected value of USD 452.8 Million by 2022. Xanthan gum has become prominent in the recent years, due to the increase in the demand for various gluten-free and natural food & beverage products. Also, the growth in inclination of consumers toward convenience food is fueling the demand for xanthan gum, as it is used in various convenience food applications, owing to its properties such as thickening and stabilizing.

Explore More Information about report @ https://www.researchcosmos.com/reports/global-xanthan-gum-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/3969142

The food & beverages segment, by application, is estimated to lead the market, followed by the oil & gas segment, in 2016. The pharmaceuticals & personal care segment is projected to have the highest growth rate during the forecast period as consumers these days are turning toward the use of natural & herbal products.

On the basis of the function segment, the thickeners segment is estimated to lead the xanthan gum market, followed by gelling agent, in 2016. This is due to the increase in demand for xanthan gum as a thickener in various personal products such as lotions, creams, and shampoos. In addition, growth in consumption of cosmetics and personal care products among youth, along with increase in inclination of consumers toward products with natural and organic ingredients is expected to escalate the demand for xanthan gum in the future. On the basis of form, xanthan gum in dry form is most widely used as compared to the liquid form. The reason behind the wide use of dry form is its easy handling, transportation, and storage.

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The North American region is projected to be the largest market from 2016 to 2022, the U.S. being the fastest-growing market in the region. Asia-Pacific is also projected to be the fastest-growing market during the forecast period, due to the high population in this region consuming products which have xanthan gum as their constituent. Increase in domestic demand for food & beverages, especially convenience foods and emerging countries such as India and Japan, owing to the growth in urbanization, rapid economic development, and change in lifestyles in these countries are the factors that will drive the demand for xanthan gum during the forecast period.

Guar gum used as a substitute for xanthan gum is one of the restraints for the market.

Cargill (U.S.) is one of the key players in the xanthan gum market and focuses on strengthening its product portfolio by continuously expanding its production capacity of xanthan gum. The company’s core competencies are expansion in potential markets, strong product portfolio for xanthan gum, and global footprint for functional food products. Recently, the company set up a new research and development center in China, to produce new and innovative food products in new flavors for the consumers in China.

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About Us:

Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.

Research Cosmos

Dani Rodriguez

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dani@researchcosmos.com

Source: EmailWire.Com

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