Industry Experts, Inc. introduced the comprehensive global market report on Xanthan Gum. The new report entitled “Xanthan Gum – A Global Market Overview” reveals that the global market for Xanthan Gum is estimated to cross 240 thousand metric tons in 2018.
Food & beverages and oil & gas sectors are the two largest consumers of Xanthan gum globally, where these two applications segments are estimated to corner a market share in excess of 80% together. Xanthan gum is used in wide range food products, such as sauces, dressings, meat and poultry products, bakery products, confectionery products, beverages, dairy products, others. Commercially, Xanthan gum is available in several grades for food & beverages, pharmaceutical, personal care, agricultural, household, oil & gas and other industrial applications.
Global market for Xanthan gum, estimated at 240 thousand metric tons in 2018, is further projected witness a CAGR of 5.1% through to the period 2024. Food & beverages is the largest application segment for Xanthan gum with an estimated share of 46% while the segment also witnesses the fastest growth during the aforementioned analysis period.
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