As per a recent survey by insightSLICE, Global xanthan gum market size is expected to reach USD 1.85 billion by 2031, exhibiting a CAGR of 6.7% during the forecast period 2021-2031. Xanthan gum is a typical food added substance that is utilized as a substitute for gluten, which is the protein that gives wheat flour its structure and is for the most part utilized with non-gluten containing flour to make sans gluten items having great structure and texture. Booming demand for food and beverages is, thus, propelling development of the xanthan gum market. Besides, evolving demand for gluten-free food items, developing tendency towards comfort food, and the multi-usefulness of xanthan gum are a portion of different aspects adding to development of the worldwide xanthan gum market.
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Competitive Landscape
Some of the major players in the Xanthan Gum market are CP Kelco, Cargill Inc., E. I. Du Pont De Nemours and Company, Fufeng Group Company Ltd., FMC BioPolymer, Archer Daniels Midland Company, Fuerst Day Lawson, Zoranoc Oilfield Chemical Co., Ltd, and Ingredion Incorporated, and others.
Players in the Xanthan Gum market are mainly concentrating on new product launches, acquisition, and collaboration to meet the growing demand for various end-use industries. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.
The report discusses key information about major growth drivers, restraints, opportunities, and trends observed in the global Xanthan Gum market. Factors such as market projections, the supply-demand ratio, market size, market attractiveness, technological advances, and key segments have been studied in detail. The Xanthan Gum market shares, product portfolios, and business strategies of the major market players have been revealed, along with authentic statistical data, figures, charts, and tables.
Segmentation Overview:
Based on Type
- Synthetic
- Natural
- Other
Based on Form
- Food & Beverage
- Pharmaceuticals
- Personal Care
- Oil & gas
- Other
Based on Application
- Commercial
- Industrial
- Residential
Users can Expect Following From this Report:
- Impact of macro and microeconomic factors on the market: The author of report has included qualitative analysis to describe the factors impacting growth of market in a positive and negative way. Country level PESTLE analysis helps in knowing the future of market across prominent countries.
- COVID-19 impact: The global crisis has had implications on every industry. Our team of analysts has been incessantly monitoring the impact of COVID-19 on the market. There is a separate section included in the report to highlight the setbacks suffered during the crisis period.
- insightSLICE’s authentic industry forecast that are dependable for strategic decisions involving financial and marketing planning
- Industry Sectors to be Targeted: An elaborate explanation about what industry sector/s is anticipated to grow in near and long-term future. The findings are based on latest industry trends, reviews, strategic collaborations between industry players and first-hand experience of the ecosystem participants.
- Assess the market position of competitors, partners and clients via our Competitive Landscape Analysis. Strategies adopted by prominent and emerging market players, the synergies between channel partners, geographic performance of global and domestic players and similar pointers have been studied and described in this section.
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